Factors of production
Unlimited wants
Division of labour
Departmentation
Which of the following are needed to pay a return to the owners of the business?
Capital
Land
Profit
Revenue
Labour
Enterprise
What are the aims or targets that a business work towards?
Business objective
Economic objective
Determination of objective
Factors of production are in:
Limited in supply
Unlimited supply
Limited demand
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
Any person or group with a direct interest in the performance and activities of a business.
Shareholder
Debenture holder
Stake holder
Well wisher
Two
Three
Four
Five
Who is the owner of a business?
Entrepreneur
Producer
Debtor
The most common objectives are:
To make a profit
Limited liability
Both 1 and 2
