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Business
1st -
12thgrade
National 5 Business Management - Understanding Business
11 questions
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- Multiple ChoicePlease save your changes before editing any questions.
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
- Multiple ChoicePlease save your changes before editing any questions.
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
- Multiple ChoicePlease save your changes before editing any questions.
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
- Multiple ChoicePlease save your changes before editing any questions.
Identify an example of an Entrepreneur.
- Multiple ChoicePlease save your changes before editing any questions.
Outline ways a business can measure customer satisfaction.
Customer surveys
Provide high quality products
Train staff well
Online reviews
- Multiple ChoicePlease save your changes before editing any questions.
Identify the aims of a charity.
To make profit
To satisfy customers
To raise funds and awareness
To survive
- Multiple ChoicePlease save your changes before editing any questions.
This external factor looks at the trends and beliefs of the customer.
Political
Social
Economic
Competition
- Multiple ChoicePlease save your changes before editing any questions.
Identify an internal stakeholder.
Customer
Banks and lenders
Supplier
Employee
- Multiple ChoicePlease save your changes before editing any questions.
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
- Multiple ChoicePlease save your changes before editing any questions.
Identify an internal factor of an organisation.
Political
Environmental
Technology
Competition
- Multiple ChoicePlease save your changes before editing any questions.
Which of the following images would come under the 'Environmental' heading in PESTEC?