Thanks to visit codestin.com
Credit goes to www.scribd.com

Scribd
Upload
3 views3 pages

Helix 1 Semester Questions

The document outlines key terms related to business activity, including definitions for factors of production, entrepreneur, opportunity cost, and various types of enterprises. It also addresses concepts such as market share, business objectives, and liability types. Additionally, it highlights the differences between private and public sectors and methods for measuring business success and failure.

Uploaded by

Aung kyaw soee
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
3 views3 pages

Helix 1 Semester Questions

The document outlines key terms related to business activity, including definitions for factors of production, entrepreneur, opportunity cost, and various types of enterprises. It also addresses concepts such as market share, business objectives, and liability types. Additionally, it highlights the differences between private and public sectors and methods for measuring business success and failure.

Uploaded by

Aung kyaw soee
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 3

Key Terms of Section (1) : Understanding Business Activity

Key Terms Definition


1. Factors of
productions
2. Entrepreneur

3. Opportunity cost

4. Private enterprise

5. Public enterprise

6. Stakeholder

7. Market share

8. Business Objectives

9. Economies of scale

10. Value added

11. Unincorporated
businesses

12. Incorporated
businesses
13. Unlimited liability

14. Limited liability

15. Sole trader

16. A partnership

17. Franchise

18. Social enterprise

19. Private limited


company

20. Public limited


companies

21. Public corporation

22. Privatization

23. Nationalized
businesses

24. Two features of a


very competitive
market

25. Two ways of


measuring the
success of a business

26. Two ways of


measuring the failure
of a business

27. Private sector

28. Public sector

You might also like