This document provides tutorial questions for a business management course. It includes short answer questions defining the five factors of production and listing external business environments and government economic policies. It also includes two essay questions, one discussing demand and supply concepts and theories with examples, and another discussing the four types of competition in the economy with examples.
This document provides tutorial questions for a business management course. It includes short answer questions defining the five factors of production and listing external business environments and government economic policies. It also includes two essay questions, one discussing demand and supply concepts and theories with examples, and another discussing the four types of competition in the economy with examples.
This document provides tutorial questions for a business management course. It includes short answer questions defining the five factors of production and listing external business environments and government economic policies. It also includes two essay questions, one discussing demand and supply concepts and theories with examples, and another discussing the four types of competition in the economy with examples.
This document provides tutorial questions for a business management course. It includes short answer questions defining the five factors of production and listing external business environments and government economic policies. It also includes two essay questions, one discussing demand and supply concepts and theories with examples, and another discussing the four types of competition in the economy with examples.
Topic 1 Tutorial Questions Section A: Short Answers 1. List and define with examples the five factors of production. 2. List down all the external environments of business that may affect an organisation. 3. List and define policies that government used to manage their economy. Section B: Essay 1. With examples, discuss in detail the concept and theories behind Demand and Supply. 2. Discuss in detail, with examples, the four types of competitions in the economy.