Human Resources Flashcards by Benjamin Chikoko

Q

Examples of Needs

A

Food, Water, Clothing, Shelter

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Q

Needs Meaning

A

A need is something that a human requires to survive.

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Q

Wants meaning

A

A want is something a human can live without

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Q

Examples Of Wants

A

iPhone,Bugatti,Mansion

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Q

Goods Meaning

A

Goods are items we can physically see, touch and pick up

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Q

Examples of Goods

A

Clothes, washing machines, TV’s, iPads

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Q

What can Goods be split into?

A

Durable and non durable

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Q

What are durable goods

A

Goods that can be used more than once

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Q

What are non durable goods

A

Goods that only last for a short period of time

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Q

Examples of durable goods

A

Phones,Clothes, fridges, bicycles

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Q

Examples of non durable goods are

A

Single bus, bin bag, piece of cake

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Q

Example of services

A

Getting your hair done a plumber or a mechanic

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Q

Service meaning

A

Something that is done for us

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Q

Capital

A

Money, tools & equipment invested into business

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Q

Enter prise

A

The idea behind a business

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Q

Land

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A

The natural resources a business will use.

Q

Labour

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A

The employees of a business

Q

Examples of land

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A

Oil,gas,water and coal