__________ is used to cover all of the natural resources.
Land
Labour
Capital
Enterprise
The owners and managers of a business may aim for __________ in size of the business.
Survival
Growth
None of these
____________ are the aims or targets that a business work to wards.
Business objective
Economic objective
Determination of objective
______________ is when the production process is split up into different tasks and each worker performs one of these tasks.
Factors of production
Unlimited wants
Division of labour
_________ is the difference between the selling price of a product or service and the cost of bought in materials and components.
Value added
What are the factors of production ?
Land, labour and capital
Land, labour and Enterprise
Land, labour, capital and enterprise
Land, capital and enterprise
Factors of production are ___________ .
Limited in supply
Unlimited supply