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Year 6 Social Science- Companies
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What are electronic payments?
We use these to buy and sell goods on the internet (For example: Bitcoin)
What are bank cards?
Plastic cards that have an identification number and microchip.
What is cash?
All banknotes and coins you use daily. (For example: the Euro)
How do you get money?
People earn money by working, selling goods, or taking loans.
What is money?
Money is a way to pay for goods and services.
What is one example of consumer rights?
Consumers have the right to obtain a product in good condition.
What are the elements of advertising?
Transmitter, recipient, message, and communication media.
What are the 4 advertising strategies?
Exaggeration, repetition, association, and promotions
What is advertising?
Advertising is a way to inform the public about products that companies offer.
Management…
Organizes and coordinates the departments to achieve objectives of the company.
Accounts…
Manages the costs and income.
Marketing…
Informs consumers about the product.
Human Resources…
Manages the workers.
Production…
Creates the goods that the company offers.
Purchasing…
Buys the things the company needs to carry out its activity.
What is the tertiary sector?
A company that provides a service.
What is a secondary sector?
These companies make industrial products.
What is a primary sector?
These companies obtain resources from nature.
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