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Business Features Identification
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Business Features Identification
🏢 Part 1: Key Business Features
1. Which of these is the PRIMARY purpose of most businesses?
To help the community
To make a profit
To provide jobs
To pay taxes
2. Which features are essential for ALL businesses? (Select all that apply)
Customers
Products or services
A physical shop
Money/finance
At least 10 employees
3. A business that aims to help society rather than make profit is called a:
Sole trader
Social enterprise
Partnership
Public limited company
4. Complete the sentence: Business success is usually measured by...
_________________ and customer _________________.
📊 Part 2: Business Operations
5. Name THREE resources that most businesses need to operate successfully:
6. Explain the difference between a product and a service. Give one example of each.
7. Why do businesses need to satisfy customer needs and wants?
8. A business has these features: owned by shareholders, limited liability, shares traded on stock exchange. This describes a:
Sole trader
Partnership
Private limited company (Ltd)
Public limited company (PLC)
🎯 Part 3: Application Challenge
9. Think of a local business you know. Identify FOUR key features that make it a successful business:
Business name: _________________________________
10. Extension: Explain how TWO different business features help a business achieve its objectives:
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