Business & Enterprise Revision

Which feature in the product life cycle?

• Growth

• flow

• Decline

• Maturity

Which Parliamentary Act prevents discrimination?

• Copyright, Designs and Patents Act 1988

• Health & Safety at Work Act 1974

• Schools Act 1911

• Equality Act 2010

What would be a necessary quality for an entrepreneur?

• Determind

• Lazy

• Honest

• Happy

Select all that apply to adding value to a food item

• Chopping it up

• Cooking it

• leaving it alone

• Putting with other ingredients

Select two features of a break even chart

• Fixed costs

• Flow costs

• Batch cpsts

• variable costs

A bakers bakes a dozen cakes at a time, which type of production are they using?

• Job

• Production

• Batch

• Flow

A business who's adverts highlight how close their shops are is focusing on which aspect of the Marketing Mix?

• Place

• Price

• Promotion

• Product

Which source of finance does not need to be repaid?

• Owner's funds

• Trade credit

• Loan

• Mortgage

Which source of finance usually requires interest to be paid?

• Trade Credit

• Loan

• Owner's funds

• Share capital

A Business Plan is important to demonstrate that an entrepreneur has considered and has a plan for different aspects of their business, who would be interested in seeing it?

• Neighbours

• Teachers

• Utility companies

• Investors