
13.1 Introduction
Presentation
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Other
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12th Grade
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Practice Problem
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Easy
Lewis Tinker
Used 2+ times
FREE Resource
8 Slides • 5 Questions
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Multiple Choice
1. What is meant by the term ‘profit’?
a. How much money a company spends on new machinery
b. The amount of money a company receives from selling its goods or services
c. The money a company pays its shareholders
d. The amount of money a company receives minus its running/manufacturing costs
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Multiple Choice
2. What is meant by the term ‘customers’?
a. The people who work for a company
b. The people who visit the website of the company
c. The people who buy the company’s goods or services
d. The people who use the company’s goods or services
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Multiple Select
3. Which of these can be described as stakeholders?
a. The people who work for a company
b. The people who buy the goods and services
c. The people who own the company
d. The people who sell goods or services to the company
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Multiple Choice
4. What is meant by the term ‘competition’?
a. Other companies that provide the same goods or services
b. The process where employees are given a promotion
c. Other companies that deliver to the organisation
d. The people who buy the goods and services
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Multiple Choice
5. What is meant by the term ‘value added’?
a. The price of a product to the customer
b. The price of the raw materials used to make a product
c. The extra value added to the goods compared to the raw materials
d. The whole cost of running the company for a year
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