Need
Want
Factors of production
Demand
Unlimited wants
Division of labour
Departmentation
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?
Land
Labour
Capital
Enterprise
Who is the owner of a business?
Entrepreneur
Producer
Debtor
What are the factors of production?
Land, labour and capital
Land, labour and enterprise
Land, labour, capital and enterprise
Land, capital and enterprise
Which of the following sector made up of businesses not owned by the government?
Private
Public
Both 1 & 2
Cooperative
Which of the following are needed to pay a return to the owners of the business?
Profit
Revenue
Which of the following is a good or service which people would like to have, but which is not essential for living?