Checkpoint 3 revision

Checkpoint 3 revision

Grade 9 - Term 2​

By Ekaterina Reyngold

Checkpoint 3

Topics: everything from Week 1 to Week 8

Marks: 100 marks​

Some text here about the topic of discussion

Multiple Choice

Latifa wants to open a computer repair shop, but she doesn't know how to use computers.

Identify a reason why her business might fail.

• Unclear objectives

• Poor financial management

• Lack of skills

• Lack of finance

Creativity

Self-motivation

Risk-taking

Confidence

Idependance​

​

Charateristics

Time management

Planning

Communication

​Interpersonal skills

Decision making

Risk management​

Skills

Skills and characteristics of entrepreneurs

Multiple Choice

Which one is a skill of entrepreneurs?

• drawing

• arguing

• decision making

• playing football

Multiple Choice

Ahmed always think of new ways of doing something.

Which characteristic of an entrepreneur is this an example of?

• confidence

• creativity

• self-motivation

• risk taking

Product development

1)Idea generation

2)Product screening (SWOT analysis)

3)Concept development (thinking about the product in more detail)

4)Feasibility study (doing research to find out if the product will make profit and if it is possible to make it)

5)Prototype development (prototype – a working model of a product)

6)Test marketing (the business gives a small number of consumers access to the product to get customers’ opinion)

7)Product launch (the product becomes available for sale in the entire market)

Some text here about the topic of discussion

Multiple Choice

Which part of a SWOT- analysis identifies an external factor that can benefit a business.

• Strength

• Weakness

• Opportunity

• Threat

Multiple Choice

Alia sells abayas in Mirdif City Center. She learnt how to design and sew them, even though her friends didn't think that she could do it.

Alia opened the abaya shop before she had a business plan ready. Customers love the quality of the her abayas. However, after 6 months, the shop doesn't have enough money yet. This means that there is not enough cash coming in to pay for expenses.

Identify a strength of Alia’s business.

• quality of abayas

• competitors

• poor service

• business plan

Multiple Choice

Alia sells abayas in Mirdif City Center. She learnt how to design and sew them, even though her friends didn't think that she could do it.

Alia opened the abaya shop before she had a business plan ready. Customers love the quality of the her abayas. However, after 6 months, the shop doesn't have enough money yet. This means that there is not enough cash coming in to pay for expenses.

Which characteristic of an entrepreneur does Amna show?

• planning

• teamwork

• self-motivation

• wasting time

Multiple Choice

Alia sells abayas in Mirdif City Center. She learnt how to design and sew them, even though her friends didn't think that she could do it.

Alia opened the abaya shop before she had a business plan ready. Customers love the quality of the her abayas. However, after 6 months, the shop doesn't have enough money yet. This means that there is not enough cash coming in to pay for expenses.

Identify a weakness of Amna’s business.

• sewing skills

• teamwork

• self-motivation

• cash-flow problems

Multiple Choice

Alia sells abayas in Mirdif City Center. She learnt how to design and sew them, even though her friends didn't think that she could do it.

Alia opened the abaya shop before she had a business plan ready. Customers love the quality of the her abayas. However, after 6 months, the shop doesn't have enough money yet. This means that there is not enough cash coming in to pay for expenses.

What is the benefit of this location decision?

• the rent is high

• labour costs are low

• communication problems

• customers from other shops might visit her shop

Multiple Choice

A business plan helps to

• show completed actions

• think carefully about what the entrepreneur is doing

• helps competitors plan better

• buy another business

Multiple Choice

What is an disadvantage of locating a business abroad?

• cultural differences

• access to global markets

• avoiding import tariffs

• government incentives

Multiple Choice

What is a advantage of locating a business online?

• more competition

• less start-up capital

• lack of face to face interactions

• security threats

• Size of the site

• Government incentives

• Local infrustructure

• Location of other businesses

• Access to the site​

​

Qualitative

• Cost of the site

• Labour

• Available resources

• Transport

• Customers​

Financial

Factors influencing location decisions​

Multiple Choice

Khadija found a place for her abaya shop that has enough space to show ready abayas to the customers. There is also extra space for a room, where she can design and sew her abayas.

Which factor influencing location decisions is this an example of?

• Financial: Labour costs

• Qualitative: Size of the site

• Qualitative: Government restrictions

• Financial: Cost of the site

Multiple Choice

Ameera sells ice cream. The ice cream factory is close to the supermarkets in Dubai where she sells her ice cream. This makes it easy to move her product from the factory to the supermarket.

Which factor influencing location decisions is this an example of?

• Financial: Customers

• Qualitative: Government incentives

• Financial: Transport

• Qualitative: Quality of local infrastructure

Business sectors

​Primary / Secondary / Tertiary

Primary - raw materials are taken from the land (milk; eggs; fruit; vegetables);
Secondary - a finished product is made at the factory (milkshake; potato chips);
Tertiary (service sector) - a product is sold, NOT made (restaurant)

Multiple Choice

Which sector is called a service sector?

• Secondary sector

• Tertiary sector
• Primary sector

Multiple Choice

In which sector do businesses transfer raw materials into ready products?

• Primary sector

• Tertiary sector

• Secondary sector

• Retail sector

Multiple Choice

Which activity is NOT included in a primary sector?

• Manufacturing

• Fishing

• Mining

• Agriculture

Poll

Are you ready for the Checkpoint 3?

• yes!!!

• maybe

• no