Topic 1.1.3 The Role of Enterprise and Entrepreneurs
Authored by J Kelly
Other
10th Grade
Used 5+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the first function of enterprise?
To produce goods and services
To provide food and shelter
To create jobs and employment
To add value to products
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is enterprise important in an economy?
To relieve burden from the government
To increase the range of goods and services
To create jobs and employment
All of the above
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the process of creating something that customers are prepared to pay more for than it has cost to produce?
Adding value
Creating convenience
Building reputation
Offering unique selling point
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which factor can add value to a product through branding and reputation?
Convenience
Quality
Design
Image
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What can attract customers to pay more for a product due to its durability and benefits?
Convenience
Quality
Design
Functionality
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What can make customers pay more for a product due to its unique features?
Convenience
Quality
Design
Unique selling point
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one of the roles of entrepreneurs?
Organizing resources
Creating convenience
Building reputation
Offering unique selling point
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