5 Questions
Why do entrepreneurs start businesses?
To satisfy a need in the market
What do businesses depend on for their operations?
Raw materials, machinery, and land
What do businesses produce?
Products and services
Why is efficient use of resources important for businesses?
To minimize waste and optimize output
What is the relationship between businesses and people?
Businesses and people are interdependent
This quiz covers the basics of business operations, including the roles of entrepreneurs, stakeholders, and the production process. Learn about the importance of businesses in meeting needs and providing employment. Test your knowledge of business inputs, outputs, and resource efficiency.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
