Land
Labour
Capital
Enterprise
Any person or group with a direct interest in the performance and activities of a business.
Shareholder
Debenture holder
Stake holder
Well wisher
Which term is used to cover all of the natural resources?
Who is the owner of a business?
Entrepreneur
Producer
Debtor
Which of the following are those resources needed to produce goods or services?
Unlimited wants
Limited resources
Factors of production
Demand
Which of the following sector made up of businesses not owned by the government?
Private
Public
Both 1 & 2
Cooperative
Factors of production are also called:
Resources of production
Limited wants
The difference between the selling price of a product or service and the cost of bought in materials and components.
Value added
Growth
Survival
Cost of production
Division of labour is known as:
Specialisation
Chain of command
What are the factors of production?
Land, labour and capital
Land, labour and enterprise
Land, labour, capital and enterprise
Land, capital and enterprise