Business Management 061: Topic 1 Tutorial Questions

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BUSINESS MANAGEMENT 061

Business Management 061


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.

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