Other questions in this quiz

2. What is the tertiary sector?

  • The stage of production where a service is provided for consumers.
  • The stage of production involving the extraction of raw materials and natural resources.
  • The stage of production where the raw materials are manufactured into finished products.

3. What is a franchisee?

  • The name given to a business/person buying a franchise.
  • The name given to the business/person that offers a franchise to other businesses.
  • A marketing agreement that allows another business to trade in the same style as an existing business.

4. What is a Greenfield site?

  • Industrial/commercial development in an area where natural resources are found.
  • Industrial/commercial development in an area that has not previously been built on.
  • Industrial/commercial development that was previously derelict.

5. What is an unincorporated business?

  • A type of business organisation that is not owned by a corporation.
  • A type of business organisation which has unlimited liability.
  • A type of business organisation which has limited liability.

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