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SingaporeElements of Business SkillsQuick questions
The World of Business
Quick questions on Business and the economy: N-Level Elements of Business Skills
3short Q&A pairs drawn directly from our worked dot-point answer. For full context and worked exam questions, read the parent dot-point page.
What is the retail industry?Show answer
Retail means selling goods directly to customers in shops. Supermarkets, clothing shops, convenience stores, and electronics shops are all retail businesses. Retail is important because it provides many jobs and makes everyday goods easy for people to buy.
What is the hospitality industry?Show answer
Hospitality means looking after guests by providing food, drink, and places to stay. Hotels, restaurants, cafes, and bars are hospitality businesses. Hospitality is important in Singapore because it serves both residents and the many visitors who come to the country.
What is the tourism industry?Show answer
Tourism is the business of serving visitors who travel to a place. Travel agencies, attractions, theme parks, and tour operators are tourism businesses. Tourism is very important to Singapore because visitors from other countries spend money here on hotels, food, shopping, and attractions, which supports many businesses and creates many jobs.
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