Question detail
Northline Gym serves small retailers while taking a loan; the case evidence includes capacity utilisation of ?5,904, sales of 634 units, and a 15% 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 unit contribution, managers 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 internal and external finance as identical and ignore the effect on managers.
- D. Choose the largest sales figure without checking costs, finance, or context.
Answer
The correct option is: Use primary, secondary, tertiary to judge unit contribution, managers impact, and the business objective in Factors of production and business sectors.
Explanation
The option is correct because Use primary, secondary, tertiary to judge unit contribution, managers impact, and the business objective in Factors of production and business sectors. The case evidence gives ?7,404, 634 units, and 15%, so the answer must explain the commercial effect rather than repeat a definition. The distractors are weaker because they confuse internal and external finance, miss the managers, 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..
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