IInd Sessional B.Voc Anand 2nd Sem - ED - June 2020

What is an entrepreneur?

• Someone who invests time and money to start a business.
• Someone who makes a lot of money.
• Someone who takes a risk to make a profit
• Both A & C

Define Free Enterprise:

• A business taking a risk to make a profit.
• A program administered by the Government.
• People in business trying to make a profit.
• A business adventure or undertaking.

Capital is:

• Money available to invest
• Prohibitive cost of entry
• A guarantee that a company will be successful.
• A & B.

The following are included in a business plan

• Financial information, production plans, personnel policies.
• Goals of the business and how they will be achieved.
• A step by step plan for the success of your business.
• All of the above.

Quality Control is defined as:

• Controlling the cost of the product.
• Controlling the number of pieces produced.
• Producing & monitoring products so they are acceptable to the consumer.
• Producing & monitoring products so they are acceptable to the workers

A market survey is important because it tells you:

• How many & what types of people are shopping at a store.
• Tells you what the customer will buy.
• Tells you how much the customer will pay for the product.
• All of the above.

Making a purchase you had not planned is called:

• Consumer shopping.
• A warranty.
• Impulse buying.
• Comparison shopping.

Product planning tells you:

• Where you will produce your product.
• Cost to produce your product.
• Your Net profit.
• Total revenues.

Cost per serving means:

• How much it will cost to produce one recipe.
• How much it will cost to produce what you sell in one day.
• How much it will cost to make “One.”
• How much it will cost to make one batch.

What makes a good advertisement? (Choose the best combination)

• Color, Attracts attention, ingredients in product.
• Name of product, price, location, attractive.
• Easy to read, price, color, location, why customers should buy it.
• Nutritional information, price, color, where to buy it, easy to read.