the nature of business quiz

The next most desired options that is given up?

• Primary

• Opportunity cost

• Commercial

• Branding

Consumer services

• any activity undertaken by people to make profits

• tanggible physical assets only motivated by maximising profit

• the organised effort of individuals to produce and sell, for a profit, goods and services

• non tanggible product sold to customers that are not intended fpr resale

The person who risks his or her time, energy and money to start a business is called:

• an employee

• an entrepreneur

• an intrapreneur

• a laopan

An example of a secondary industry is:

• Plastics Manufacturing Ltd

• Uranium Mining

• Bina nusantara learning Centre

• Heritage Hotel

The most common type of business entity in indonesia is a:

• multinational company

• cooperatives

• Transnational company

• sole trader

Why do some business fail, except..

• poor record keeping

• Lack of cash

• Poor management skills

• Flexible decision making

A business employee who takes direct responsibility for turning ideas into a profitable new product/ business venture

• Innovation

• intrapreneur

• entrepreneur

• enterprise

Businesses are important to the Indonesia economy because they:

• provide goods and services to satisfy consumers' wants

• provide employment for millions of people

• contribute to Australia's Gross Domestic Product (GDP)

• all of the above

the benefits of intrapreneurship to existing business except...

• injecting creativity and innovations

• creating competitive advantages

• Encourage original thinkers and innovators to stay in the business

• increased social cohesion among start up companies.

The main elements of a business plan are:

• executive summary, description of business opportuinty, marketing strategy, team and staff, operation, financial forecast

• Evaluation added values, innovations, enterpreneur skills, management skills

• background, vision mission, SWOT analysis, PEST analysis, budgeting, locations

• Business Track record,Problem, opportunity, future plans, ask.