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problem 1:

a) Describe the role of money in a proficient economy.

b) Describe the given three factors of production:

• Land.
• Labor.
• Capital.

problem 2:

a) Describe the generally accepted main aims of a business.
b) Describe the term tertiary production.
c) Describe the term chain of production.

problem 3:

a) Describe the role of an entrepreneur.
b) Describe the significance of the understanding of demographic factors to the success of a business.

problem 4:

a) Describe the term public sector.
b) Describe the term private sector.
c) Describe the three S’s.

problem 5: prepare notes on five of the given:

a) Opportunity cost
b) Process of obtaining planning permission for a business premise
c) International law
d) Mixed economy
e) Secondary production
f) Significance of profits to a business
g) Diseconomies of scale

Business Management, Management Studies

  • Category:- Business Management
  • Reference No.:- M94490

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