Business Studies revision GCSE

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  • Created by: Saph00x
  • Created on: 02-04-16 12:54

1. 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
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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. Which is NOT a demographic

  • Income
  • Behaviour
  • Gender
  • Household
  • Occupation
  • Religion, race, nationality

4. Which is NOT a method of adding value?

  • Loyalty cards
  • Packaging
  • Location
  • Quantity

5. What is the basic economic problem?

  • Not enough workers to produce goods
  • When there are not enough unlimited supplies for the factors of production
  • When the economy is in decline

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