Business Basics
Same as money
What is Profit?
Skill worker, who wears a white coat.
What is a Doctor?
Unskill worker who cleans.
What is Janitor?
A semi skill male worker who delivers your meal or drink
What is Waiter?
The teacher is
What is Skilled worker?
There is 3 types of industries
What is primary, secondary and tertiary?
A pencil in an office
What is stationery?
How many types of envelopes
What is 4?
Shredder is what type of technology.
What is advance?
A person who owns their own business
What is entrepreneur?
The 4 types of paper
What is NCR, FLIMSY, BOND AND PARCHMENT>
The main reason to start a businee.
What is profit?
Two types of resources
What is human and non-human resources?
The organized effort of individuals to produce and sell, for a profit, the products that satisfy individuals needs and wants.
What is a business?
Two types of technology
What is simple and advance technology?
A business place in Jamaica with the initial NHT.
What is national housing trust?
It is also call the central bank.
What is Bank of Jamaica?
A fixed amount of money paid on a regular basis, usually fortnightly or monthly, to a permanent employee of a business.
What is salary
Melone bought a bag for 50% and sold it back for $48, what did he make?
What is Loss?
An improvement on something already established.
Innovation
Johnny bought a car for $1000; he sold it for $1500, what % in profit did he make?
What is 50%?
This will help to control your spending
What is budget?
If you want to make 100% profit on a item you bought for $47, how much would you need to sell it for.
What is $94?
Refers to those activities undertaken by the business that combine the resources to create products that satisfy customer’s needs and wants.
What is production?
You have 10 books selling for $15 each, you add 10% sales tax and gave a $25 discount.
What is $140?