Types of Businesses Quiz
6 Questions
0 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What is the main difference between commercial and non-commercial businesses?

  • Commercial businesses generate revenue from fundraising, donations, or government grants, while non-commercial businesses solely rely on profit.
  • Commercial businesses do not charge for the services they provide, while non-commercial businesses sell goods and services.
  • Commercial businesses aim to earn a profit, while non-commercial businesses do not focus on making a profit. (correct)
  • Commercial businesses are set up to meet needs other than making a profit, while non-commercial businesses aim to sell goods and services.
  • How do non-commercial businesses generate revenue?

  • Through government grants, fundraising, and donations. (correct)
  • By selling goods and services at a lower cost than commercial businesses.
  • By investing in the stock market and real estate.
  • By charging for the services they provide.
  • Which organization would be classified as a non-commercial business?

  • St Vincent De Paul (charity) (correct)
  • Dunnes Stores
  • A local bakery
  • Amazon
  • Which type of business does not charge for the services they provide?

    <p>Non-commercial businesses</p> Signup and view all the answers

    From where do non-commercial businesses like St Vincent De Paul generate revenue?

    <p>Government grants and donations</p> Signup and view all the answers

    What is the main aim of commercial businesses?

    <p>To earn a profit</p> Signup and view all the answers

    More Like This

    Types of Businesses Quiz
    3 questions

    Types of Businesses Quiz

    IlluminatingPlateau avatar
    IlluminatingPlateau
    Types of Food Businesses Quiz
    30 questions
    Use Quizgecko on...
    Browser
    Browser