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1.1 The role of business enterprise and entrepreneurship

Authored by M Nicholls

Other

6th - 8th Grade

27 Questions

Used 212+ times

1.1 The role of business enterprise and entrepreneurship
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1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is an entrepreneur?

A person who spots an opportunity to provide goods or services to customers in order to make a profit
The process/activities by which new businesses are formed in order to offer products and services in a market.

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is meant by enterprise?

A person who spots an opportunity to provide goods or services to customers in order to make a profit
The process/activities by which new businesses are formed in order to offer products and services in a market.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When entrepreneurs spot an opportunity to trade and make a difference to society?

Business enterprise
Trade enterprise
Organic enterprise
Social enterprise

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What must a company do to ensure any new idea is successful?

Check it satisfies a customer need = market research
Carry out a successful launch of the product/service

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the 6 stages, in order,  to developing a business idea?

Launch, testing, developing, business plan, market research, brainstorming
Brainstorming, launch, test, develop, business plan, market research
Brainstorming, market research, business plan, developing the product/service, testing and launch
Brainstorming, market research, developing, business plan, testing and launch

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What are the characteristics of an entrepreneur?

Creative, risk taker, determined, confident, adaptable
Not creative, risk averse, unreliable, joker
Happy, loving, joker, hard working
Predictable, sad, demotivated, risk averse

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Define the term 'risk'

A person who spots an opportunity to provide goods or services to customers in order to make a profit
The process/activities by which new businesses are formed in order to offer products and services in a market
This is the possibility that the business will have a lower than expected profit or a loss
Check it satisfies a customer need = market research

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