_________ is the difference between the selling price of a product or service and the cost of bought in materials and components.
Value added
Growth
Survival
None of these
Factors of production is also called _____________ .
Resources of production
Limited resources
Unlimited wants
Which term is used to cover all of the natural resources in business?
Land
Labour
Capital
Enterprise
Division of labour is known as _____________.
Specialisation
Factors of production
Both 1 & 2
