CHECK LIST (01)
Number of topic covered
Basic Business Concepts
Business Environment
Interrelationship between Government & Busines
Prepared By
ANUSHAAL LIYTNAGAE
Business Concepts
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What is “A business & “The business’ Define?
Provide 4 differences between Goods and Services
Name 3 similarities between goods and services
Define “Market” and provide examples for 5 different market types.
Explain two markets what you mentioned
Find the relationship among Needs / Wants / Products / Business
organizations
Find the relationship among cost / return / value and satisfaction
“Commerce was based on the exchange process” Explain
What are economic and Non-economic activities of a business?
“Only goods and services are satisfying needs and wants of people” Do
you agree with the statement? Justify.
Goods can be divided according to usage and durability. Provide
complete chart to show all different types of goods comes under it.
Briefly explain the Hierarchy of Needs Theory with one example per
each.
Labour factor can be divided in to 3 types. Name them with an example.
What examples will come under “Capital” as a factor of production
especially in a restaurant?
30.
What is stand as “5 P’s” which are recognized as recent trend in
business world but those trends create opportunities for businesses.
“Even though there are service producing organizations, they need to
use goods to provide the service”. Explain
What is the relationship among goods and services, purchasing power,
quality of life and business organizations?
Name 5 symptoms of a successful business organization except profit.
How to define “Commerce” and how to display it?
“Trade is not recognized as commerce. But commerce will not be exist if
trade is not functioning” Do you agree with the above statement?
Comment
Explain what is the idea behind “Analytical and Synthetic Industries”
concepts
“No business can fulfill needs of the society” Comment
Name 4 differences between Needs and Wants
What criteria to be completed to have an effective demand? What is the
association between Demand and Market?
Market place and Market Space are two different concepts. Make your
comments on this
Name 4 differences between “Consumer Goods” and “Industrial
Goods”
Name 4 goals and 4 objectives of a business
What is the price paid for capital and why?
Due to what reason the information is importatnt as factors of
production?
What are the characteristics of Shopping Goods?
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Trade
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Commerce
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Business
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E- Commerce
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E- Business
=
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How to define globalization? Name 4 advantags
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“Business Equation has been change due to high competition”.
Comment
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Name 4 important stages of Business Evolution
Name 4 stake holders of a business and mention that what the business
expects from them.
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Define “Job specialization” and name 4 disadvantages of it.
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“The main aim of the private sector business is profit”. Why are profits
so important? Give reasons.
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The growth of the population will create many issues for a country. But
in the other hand it creates many business opportunities. How do you
make your comment on this statement?
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“Emergence of business will depend on problems of society” Comment
There are many ways to fulfill your needs and wants. Mention 4 needs
and certify how do they satisfy?
Provide 4 differences between “Market Place and market Space”
Why does GNP in Sri Lanka carrying a great weigh with service sector
in past few decades? Provide 4 reasons.
What is the relationship among Production, Marketing, and Finance
functions of and organization?
What sort of changes is notified in business sector after an Industrial
Provide at least 4 points)
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