Question detail
BeanBarn serves tourists while improving quality control; the case evidence includes average order value of ?6,247, sales of 502 units, and a 42% change in costs or demand. Which option best applies Define the primary, secondary and tertiary sectors?
Try the question, check the answer, then read the explanation to understand the curriculum point.
At a glance
MCQ
Type
practice
Style
Topic
The purpose and nature of businesses
Question
- A. Use primary, secondary, tertiary to judge customer retention, shareholders impact, and the business objective in Factors of production and business sectors.
- B. Give only a definition of The purpose and nature of businesses without using the case evidence.
- C. Treat cash flow and profit as identical and ignore the effect on shareholders.
- D. Choose the largest sales figure without checking costs, finance, or context.
Answer
The correct option is: Use primary, secondary, tertiary to judge customer retention, shareholders impact, and the business objective in Factors of production and business sectors.
Explanation
This answer fits the scenario because Use primary, secondary, tertiary to judge customer retention, shareholders impact, and the business objective in Factors of production and business sectors. The case evidence gives ?7,747, 502 units, and 42%, so the answer must explain the commercial effect rather than repeat a definition. The distractors are weaker because they confuse cash flow and profit, miss the shareholders, or ignore the business objective.
Common mistake
Factors of production and business sectors common mistake 1
Giving a vague answer instead of directly addressing: Define the primary, secondary and tertiary sectors..
Answer by clearly explaining how to define the primary, secondary and tertiary sectors..
Related flashcards
Flashcard 1 of 5
Related practice questions
Question 1 of 5
Choose an answer, get feedback, then move sideways through the set.