SGS Business - Theme 1 Assessment

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.

The reward for enterprise is?

• Profit
• Hard work
• Risk
• Self-discipline

Which is an example of a good?

• nurse
• mechanic
• basketball
• cook

Which of the following is an example of the role of an entrepreneur?

• Producing goods or services

• Meeting customer needs

• Organising resources

• Offering customer convenience

The purpose, methods and the use of data to help business make the right decision?

• Market Segmentation

• Market Research

• Market Report

• Market Mapping

The most important thing an entrepreneur has to do is...

• Take a risk

• Spot a business opportunity

• Survive

• Create products

The process of breaking something up into smaller parts?

• Sample

• Demographic

• Segmentation

• Breaking up

The process of breaking something up into smaller parts?

• Sample

• Demographic

• Segmentation

• Breaking up

What is an example of primary research?

• Magazine
• Observation
• Newspaper
• Government statistics

What is a problem with using secondary data?

• It is easy to find
• It is normally quicker to find
• You did not create it (it might be unreliable)
• You have to find the information yourself