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Large firms may be capital intensive; this means their production process requires the employment of a lot of workers but relatively little capital.* True False Output and sales can be measured in terms of value only. * True False E-commerce involving sales and marketing to non-business consumers is known as B2B. True False Nowadays the product life cycles are getting longer. * True False New technologies can reduce costs and make production more efficient. * True False New sources of competition from overseas businesses or newly created firms can cause established businesses to rethink their objectives. * True False The resources used to produce goods and services are also known as inputs.* True False People who want to work but are unable to find a job are called employed people. * True False To make an online purchase, a customer must enter credit card and address details. * True False If an economy produces more output each year, it helps to increase the national wealth. True False One of the advantages of e-commerce is that online shopping may force local shops to close.* True False Stakeholder is a person or organization owning a share of a limited company or corporation. * True False Business objectives once set will never change. * True O False Inflation causes hardship for people of low income. * True False The interest of the employees can be represented by trade credit. True False Needs and wants are satisfied by consuming goods and services. * True False GDP measures the total value of goods only produced within a national economy each year. True False Products can't be categorized into physical or tangible ones. True False Disruptive technologies include many new products that destroy the demand for others. * True O False Growth is a key business objective for many public enterprises. * O True O False

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