Business Ticket #1

Name: ________________ Date: 1/15/13Business Studies 4 Day: Tuesday

1. What is effective demand? (2 marks)

2. How might packaging of a product add value to it? Explain your answers. (2 marks)

3. What is meant by the term ‘added value’? (2 marks)

Determine whether the organization is in the private or public sector:

1) Our goal is to make a profit for our owners. We will achieve it by providing excellent customer service. _____________________________

2) Our goal is to provide an efficient postal service to every single household in the country. This includes providing deliveries every day to far flung areas. ___________________________

3) Out goal has always been to make a profit. If we provide additional benefits to the wider community, this is a bonus. ________________________

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