L1 Business Putake

Where is the long-term vision of a business written?

• Financial objectives

• Social goals

• Stakeholders

• Mission statement

What are measurable targets that help track a business's progress towards achieving its aim?

• Stakeholders

• Product

• Financial tools

• Objectives

What is the failure rate of startups in the first year according to recent data?

• 90%

• 50%

• 70%

• 10%

What are actions that have a positive impact on the community and involve the business behaving ethically?

• Event

• Business objectives

• Social goals

• Financial goals

What does the triple bottom line theory consider beyond the usual financial measures of business success?

• Putake

• Stakeholders

• Financial tools

• People, planet, and prosperity

What does the Maori word 'Putake' mean?

• Relationships

• Leadership

• Reason

• Guardianship

What is the term for building relationships and connections for business success?

• Putake

• Whanaungatanga

• Tikanga

• Kaitiakitanga

Which Maori business concept refers to the set of values, customs, and obligations?

• Kaitiakitanga

• Tikanga

• Whanaungatanga

• Putake

How does the Maori business concept of kaitiakitanga influence businesses in persuading their target market to purchase goods or services?

• By increasing prices

• By reducing quality

• By improving sustainability

• By ignoring customers

What is the term for demonstrating knowledge in business by including 'must know business words' correctly in assessments?

• Business Failure

• Financial Objectives

• Social Goals

• Best Practice