Factors of production are in:
Unlimited wants
Limited in supply
Unlimited supply
Limited demand
Which term is used to cover all of the natural resources?
Land
Labour
Capital
Enterprise
Division of labour is known as:
Specialisation
Factors of production
Both 1 & 2
Chain of command
Marginal cost
Opportunity cost
Fixed cost
Alternative cost
What are the aims or targets that a business work towards?
Business objective
Economic objective
Determination of objective
Any person or group with a direct interest in the performance and activities of a business.
Shareholder
Debenture holder
Stake holder
Well wisher
Need
Want
Demand
Which of the following is a good or service which people would like to have, but which is not essential for living?
Growth
