1. Which is NOT a method of adding value?
- Loyalty cards
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Other questions in this quiz
2. What is the Commend economy?
- When the local economy is very high and businesses are growing
- When the goverment choses what products should be sold, the price, place, amount etc.
- When you have public and private sectors
3. What is a market?
- A place that makes goods from raw materials
- where buyers and sellers meet to exchange goods
- An area where clothes are displayed
4. What is the private sector?
- Businesses owned by small groups of local people
- Businesses owned by private individuals
5. What is opportunity cost?
- Loss of Capital through poor investment opportunities
- Loss of the benefits you would get if you chose the other option
- The amount of capital needed to invest in new business ideas
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