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BUSINESS STUDIES ASSIGNMENT TWO FOR YEAR SEVEN (7)

1. Give the meaning of the following as they are used in business. [18]
a) Wants:
b) Goods:
c) Services:
d) Input:
e) Output:
f) Resources:
2. Give four examples of each transformation process [16]
(a) Change of place.
(b) Changing the form of the commodity
(c ) Time
(d ) Change of ownership
Please read your note on production thoroughly and answer the following questions.
3. Classify the following under PRIMARY, SECONDARY, and TERTIARY production. [20]
 Business consultancy
 Making wheat into beverage
 Making of bricks
 Warehouse
 Advertising and sales promotion
 Barbers
 Bike riders
 Poultry farm
 Diamond mining
 Banking
 Rearing goat for milk
 Policemen
 Nurses
 Communication
 Oil mining
 Rearing bird for recreation
 Making mango in fruit juice
 Air defense force
 Tailor
 Computer engineer

4. Classify each of the following activities under their correct industry [ 30 ]


 Bike riders
 Sugar cane into sugar
 Rearing of cattle for meat
 Limestone to cement
 Farming
 Bridges
 Poultry farms
 Taxi drivers
 Wheat into beverage
 Crude oil converted into cement
 Building of airport
 Flower farming
 Cutting of timber
 Oil extraction
 Oil refinery
 Fishing
 Fish into sardine
 Growing fish in the pond
 Forestry
 Security guards
 Making of bricks
 Teachers
 Oil into diesel
 Police force.
 Insurance
 Steel benders
a) MANUFACTURING (b) GENETIC (c) DIRECT SERVICES

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EXTRACTIVE (b) COMMERCE (c) CONSTRUCTION

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