Business Studies - Mid-year Exam revision

Question	Answer
What are land resources	The natural resources that firms will use to create goods and services Image: A2 Fb8 D9 E 1 Dd5 47 Dc 8734 D756 Bd540 Ec2 (binary/octet-stream)
What is a productivity	The amount of products produced from the resources available Image: Cc149401 8543 48 Fc 87 E7 E6 Db8 Fd5773 C (binary/octet-stream)
What is chain of production	When products move through the three sectors of industry before being sold to the consumer Image: 65807 D2 E D893 406 C A0 A8 25 Cc7146 E2 Cf (binary/octet-stream)
Advantages of job production	- The product meet the exact needs of the customers. - Worker have more interesting job, and increase the quality. Image: F1 F1 F47 C 6 Dd5 41 F8 8531 Bcd28857 Fe0 C (binary/octet-stream)
Disadvantages of job production	- Skilled labour is needed. -Take long time to produce, which may leave customer dissatisfied. Image: 5000023 B 8516 4 D2 C 88 Fc Ceb04 D26 Edae (binary/octet-stream)
Computer Aided design	Computer software which produces drawings and three-dimensional models of a product. Image: Ebaaea6 B Be1 E 468 A 93 Fa 32676 E2 D6 Dd8 (binary/octet-stream)
Electronic funds transfer at point of sale (EFTPOS)	Using computer technology to allow customers to pay with debit or credit cards. Image: 3346 Bc16 3 Ddf 4 Acc Af1 A 0 B32859 Fe499 (binary/octet-stream)

Resource summary

	Created by Jiwoon Park over 4 years ago