Other questions in this quiz

2. 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

3. Which is NOT a method of adding value?

  • Packaging
  • Loyalty cards
  • Quantity
  • Location

4. 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

5. What are the factors of production?

  • Capital, Shipping, Leadership, Land
  • Land, Labour, Capital, Enterprising skills
  • Business plan, calculation, Land, profit

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