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Business
1st -
12thgrade
National 5 Business Management - Understanding Business
11 questions
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- 1. Multiple Choice
Oxfam is a charity that operates in the Third Sector. Identify 2 other Sectors of Economy.
Primary and Secondary
Primary and Tertiary
Private and Public
Private and Third
- 2. Multiple Choice
Give a description of the Private Sector.
Owned by the government on behalf of the taxpayer.
Owned by private individuals who aim to make a profit.
Owned and regulated by the government and aim to raise funds and awareness
Owned by a sole trader
- 3. Multiple Choice
Enterprise is a Factor of Production. Identify the other Factors of Production.
Land, Labour and Country
Primary, Secondary and Tertiary
Private, Public and Third
Land, Labour and Capital
- 4. Multiple Choice
Identify an example of an Entrepreneur.
- 5. Multiple Choice
Outline ways a business can measure customer satisfaction.
Customer surveys
Provide high quality products
Train staff well
Online reviews
- 6. Multiple Choice
Identify the aims of a charity.
To make profit
To satisfy customers
To raise funds and awareness
To survive
- 7. Multiple Choice
This external factor looks at the trends and beliefs of the customer.
Political
Social
Economic
Competition
- 8. Multiple Choice
Identify an internal stakeholder.
Customer
Banks and lenders
Supplier
Employee
- 9. Multiple Choice
Give an influence of an employee.
They can shop elsewhere
They want job satisfaction and good working conditions
They can take industrial action e.g. strike
They can provide a poor service to the customer
- 10. Multiple Choice
Identify an internal factor of an organisation.
Political
Environmental
Technology
Competition
- 11. Multiple Choice
Which of the following images would come under the 'Environmental' heading in PESTEC?
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