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3.1.1 - The purpose and nature of business MatchUp
Target Level
4-5
Running Total
0
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Attempt
1 of 3
Click on a top box, then click on its match below. Or, drag a top box and drop it onto the correct match. Match all pairs before clicking ‘Check’.
Legislative change
Capital
Tertiary
Enterprise
Primary
Labour
A gap in the market
Risk-taker, innovative and hard-working
Technology
Factors of production
A mine, a fish farm and a forest are all examples of which sector?
A hairdresser, a chiropodist and a bank are all examples of which sector?
Land, labour, capital and enterprise are known as what?
Entrepreneurs have many characteristics. What are they?
The business environment changes when the national minimum wage is increased. What is this called?
A business has to reconsider use of social media advertising and e-commerce. This is due to a change in what?
The factor of production that is related to employing staff
The factor of production that relates to investment in fixed assets for the business
The factor of production that relates to the characteristics of the business owner
An entrepreneur carries out research to decide what product or service to offer. This refers to finding what?