Business Studies Multiple Choice Question – 22 December 2017

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

Business Studies

Which TWO of the following is NOT one of the main purposes of business activity?  Select TWO answers:

  1. To add value
  2. To meet customer needs
  3. To raise finance
  4. To produce goods or services
  5. To provide jobs for people

What are the principle sources of finance for start-up businesses?
……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This is multiple choice question is suitable for Business Studies KS4 classes.

The answers are 3 and 5 – The main purposes of business activity (and roles of a business enterprise) are to produce goods or services, to meet customer needs and to add value (in order to generate income and wealth for business owners). Finance may need to be raised and jobs may be created in order to fulfill these purposes/roles, but these are not reasons why businesses exist.

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Author: stuart001uk2014

Referral marketing, business, economics and accounting s​pecialist & corporate mentor

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