Chapter one : Enterprise Flashcards
1
Q
What is a business?
A
2
Q
What is the purpose of business activity?
A
3
Q
What are the factors of production
A
4
Q
what is creating value?
A
5
Q
What is added value
A
6
Q
How can you increase added value
A
7
Q
what are consumer goods?
A
8
Q
what are service goods?
A
9
Q
what are capital goods?
A
10
Q
what is the economic activity problem?
A
11
Q
what is opportunity cost?
A
12
Q
What can cause a shift in a business?
A
13
Q
A
