GCSE Business 1.1

Which one of the following is a risk associated with starting up a new business enterprise

• Business success

• Business failure

• Independence

• Profit

Which two of the following are not one of the main purposes of business activity?

Select two answers:

• To add value

• To meet customer needs

• To raise finance

• To produce goods or services

• To provide jobs for people

Which two of the following are examples of services?

• A cruise

• A DVD

• A football

• A phone charger

• A haircut

Which one of the following is the correct definition of ‘branding’ in a business

context?

• Sales staff presenting the benefits of a product to potential customers

• Giving a product a distinctive name to make it stand out from other products

• Making a mark on a product with a hot iron

• Communicating with customers about products through the mail

Which two of the following are examples of rewards associated with starting up a business?

• Business success

• Financial loss

• Independence

• Lack of security

Which one of the following is not associated with being an entrepreneur?

• Organising resources

• Working for other people

• Making business decisions

• Taking risks

Which two of the following are examples of products as opposed to services?

• A dress

• A hockey stick

• An operation

• A restaurant meal

• A spa treatment

Which two of the following are most likely to be characteristics of a successful entrepreneur?

• Disorganised

• Irresponsible

• Indecisive

• A risk taker

• Self-motivated

Which two of the following are examples of rewards associated with starting a new business?

• Business success

• Financial insecurity

• Profit

• Shares

• Stress

Which one of the following is not directly associated with entrepreneurship?

• Generating ideas

• Organising

• Entertaining

• Risk taking