Unit 1 AOS 2 KK5

Question 1

Resource

Answer 1

the people and objects that are needed for the business to function properly

Question 2

3 main resources

Answer 2

Natural, labour, capital

Question 3

Natural resources (CSR)

Answer 3

Items used by the business that are harvested from the earth
Businesses should use natural resources carefully so it has minimal harm to the environment
Failing to do so will make it difficult to attract customers and recruit employees

Question 4

Factors to consider Natural resources

Answer 4

• Where will they get it from?
  
  • Are the raw materials sustainable, accessible and reasonably priced
  • Are they environmentally friendly
  • Are the shops and offices and factories of the business designed in a sustainable way that minimises energy usage

Question 5

Labour

Answer 5

The people that provide their skills, effort and knowledge to the business.
Subcontractors- business that is not employed by the business, but is contracted to perform certain tasks

Question 6

Labour factors to consider

Answer 6

• How many workers
  
  • What kind of skills do they need
  • What kind of training
  • How will you provide fair pay and healthy working conditions for its employees
  • Legal responsibilities

Question 7

Capital

Answer 7

the tools and machinery that are used to produce goods and perform services

Question 8

Factors to consider capital

Answer 8

• What kind of tools and machinery will be needed
  
  • How will the business repair maintain and replace its capital equipment when needed
    Does the business have the right workers with the appropriate skills to operate the machinery