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Business Studies: The Purpose Of Business Activity Quiz

This tes is base on the IGCSE book for year 10, and to find the answer you need to look inisde the book on the first unit: Unit 1: Purpose of the business activity.

Questions: 7 | Attempts: 1248 | Last updated: Jul 30, 2024

Sample Question 1
What is the definition of: NEED

A Need is a good or a service essential for living.

A Need is a good or a service which people would like to have, but which is not to essential for living. People's wants are unlimited

A Nedd is a good or a service essential for living.

A Need is none of the answer above

Sample Question 2
What is the definition of: WANT

A Want is something like food or clothing

A Want is a good or a service essential for living.

A Want is a good or a service which people would like to have,

A Want is none of the answer above

Sample Question 3
What is a: SCARCITY

A Scarcity is the next best alternative given up by choosing another item

A Scarcity is the lack of sufficent products to fukfil the total wants of the population.

A Scarcity is those resources needed to produce goods or services

A Scarcity is none of the answer above

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