Other questions in this quiz

2. Which is NOT a method of adding value?

  • Packaging
  • Location
  • Loyalty cards
  • Quantity

3. What is opportunity cost?

  • Loss of the benefits you would get if you chose the other option
  • The amount of capital needed to invest in new business ideas
  • Loss of Capital through poor investment opportunities

4. What is the Free economy?

  • When economy is at its peak
  • When the government does not interfere with any business activity
  • When prices are reduced on products to be fairer for cusomers

5. What is the private sector?

  • Businesses owned by small groups of local people
  • Businesses owned by private individuals
  • PLC's

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