What is a business

Question 1

Premises

Answer 1

Building and land used by sho owners

Question 2

Business

Answer 2

Organizations that produce goods and services

Question 3

Goods

Answer 3

Physical or tangible objects such as phones

Question 4

Services

Answer 4

Non tangible objects and non physical objects such as banking, car and waste disposal

Question 5

Output

Answer 5

Amount of goods produced by a machinery and equipment

Question 6

Human Resources

Answer 6

The department that deals with employing, training and helping people

Question 8

Organization

Answer 8

Groups such as a club or business that has formed for a particular reason.

Question 9

Consumer goods

Answer 9

Goods and services sold to ordinary people

Question 10

Producer goods

Answer 10

Goods and services produced by a business for another

Question 11

Needs

Answer 11

Basic requirements required for human survival

Question 12

Wants

Answer 12

Desirables that are not required for survival but are admired by humans

Question 13

Infinite

Answer 13

Without space or limit

Question 14

Finite

Answer 14

Having an end or a limit

Question 15

Scarce

Answer 15

Resources with limited availability

Question 16

Private sector

Answer 16

Business organizations owned by individuals or groups

Question 17

Public sector

Answer 17

Business organizations owned by the central or local government

Question 18

Stakeholder

Answer 18

Individual or group with interest for a business

Question 19

Entrepreneur

Answer 19

A individual that keeps the 3 factors of production in order and the risk taking individual

Question 20

EBITDA

Answer 20

Earnings before interest, tax and depreciation and amortization.

Question 21

Bobby

Answer 21

Choooti malla