Enterprise, Business growth and size

__________ is a person who organises, operates and takes the risk for a new business venture.

• Employee

• Employer

• Entrepreneur

• Organiser

A __________ is a document containing the business objectives and important details about the operations, finance and owners of the new business.

• Employment Contract

• Business Plan

• Budget

• Annual Report

0. Business A – tractor manufacturer merges with Business B – tractor manufacturer is an example of:

• 0. horizontal integration

• vertical integration

• conglomerate integration

A business building houses merges with a business making clothes is an example of:

• 0. horizontal integration

• vertical integration

• conglomerate integration

conglomerate integration is also known as:

• decentralization

• centralization

• diversification

0. A car manufacturer takes over a business supplying car body panels is an example of:

• 0. horizontal integration

• conglomerate integration

• diversification

• 0. backward vertical integration

From the following which is not an advantage of a business plan:

• to help gain finance/loan

• reduces risk

• evaluate business performance

'Looking forward to a better future is essential' – is which characteristic of a successful entrepreneur?

• Risk taker

• Creative

• Optimistic

• Self-confident

Why governments support business start-ups?

• • reduce unemployment

• • decrease competition

• • decrease output

• • increase unemployment

From the following which is capital - intensive business?

• 
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