Physical Resources

Question 1

What are physical resources?

Answer 1

Any new items that the business needs to buy to trade

Question 2

Define the phrase ‘capital expenditure’.

Answer 2

Items that are brought as a one-off payment, usually items that are needed to start off the business.

Question 3

What does the term ‘capital’ mean in the phrase ‘capital expenditure’?

Answer 3

Describes the money that is used to invest in a business

Question 4

Define the phrase ‘revenue expenditure’.

Answer 4

Items that are brought regularly

Question 5

What does the term ‘revenue’ mean in the phrase ‘revenue expenditure’?

Answer 5

Describes the money the business makes