Scribd Logo
Upload

Welcome to Scribd!

  • 1 views

    1.business Activity

    Uploaded by

    Vision Shivani

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    1.business Activity

    Uploaded by

    Vision Shivani
    1 views3 pages

    Original Title

    1.Business activity

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    1 views3 pages

    1.business Activity

    Uploaded by

    Vision Shivani

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3

    Name of the student: _________________________Grade:

    Subject: BS Chapter: 1. Business Activity Date:


    1.State there resources that businesses need before they can Start to produce goods
    an d services.
    ___________________________________________________________________
    ___________________________________________________________________
    ___________________________________________________________________
    ___________________________________________________________________

    2. Give an example of opportunity cost for a government.


    ___________________________________________________________________
    ___________________________________________________________________
    ___________________________________________________________________
    ___________________________________________________________________

    3.Explain how a business making wooden toys could use specialisation.


    ___________________________________________________________________
    ___________________________________________________________________
    ___________________________________________________________________
    ___________________________________________________________________

    4.state two ways in which a business making cosmetics, such as face creams, could
    increase added value to the materials it buys in.
    ___________________________________________________________________
    ___________________________________________________________________
    ___________________________________________________________________
    ___________________________________________________________________

    Case Study
    The ARC business produces and sells cosmetics. These are sold in
    supermarkets. It uses modern capital equipment, allowing division of
    labour so employees can specialise. Several employees have left ARC
    recently. The Bella Perfume ARC’s bestselling product, sells for $7 a
    bottle. Each bottle contains materials that ARC Buys in for $2.ARC`s
    Mangers want to increase added value. The Marketing manager thinks a
    price increase is the best way to do this.

    1. Explain One advantage and one disadvantage to ARC of division of


    labour. (6)
    ________________________________________________________
    ________________________________________________________
    ________________________________________________________
    ________________________________________________________
    ________________________________________________________
    ________________________________________________________

    2.Do you agree with the marketing Manager that the best way to increa
    added value for a product is to increase price ? Justify your answer. (6)
    ________________________________________________________
    ________________________________________________________
    ________________________________________________________
    ________________________________________________________
    ________________________________________________________
    ________________________________________________________

    You might also like