Enterprise, Business Growth and Size

A person who organizes, operates and takes the risk for a new business venture....

• entrepreneurship

• entreprise

• entrepreneurial

• entrepreneur

Being ....................is a key characteristic of a successful entrepreneur.

• a risk taker

• a team worker

• unwilling to take decisions

• always willing to follow the advice of others

A..............is not usually one of the contents of a business plan

• description of the market

• description of the physical location

• job description

• cash flow forecast

Governments support business startups to ............

• reduce inflation

• reduce wage rates

• reduce unemployment

• reduce tax revenue

The number of people employed and value of..........are two ways of measuring the size of a business.

• profit

• expenses

• shares

• output

A business plan ensures a business will not fail

• true

• false

Governments can help new start up businesses by offering advice and support sessions to entrepreneurs

• true

• false

Entrepreneurs are always successful

• true

• false

A large business can have high sales but employ few workers

• true

• false

External growth is by a takeover of or merger with another business

• true

• false