SRW2 Unit 3 Business Review

Vocabulary - Choose the best word to fill in the blank:

A company can lose customers' ___ if it creates products that are harmful.

• brand

• customer service

• logo

• trust

Vocabulary - Choose the best word to fill in the blank:

Many people buy clothing simply for the ___; companies know people want the status symbol despite the materials being used.

• brand

• excellence

• quality

• value

Vocabulary - Choose the best word to fill in the blank:

An example of a good ___ is to have feedback from all employees in decision-making.

• business model

• entrepreneur

• start-up

• access

Vocabulary - Choose the best word to fill in the blank:

It is important to keep ___ customers because they are cheaper than new ones.

• access

• adapt

• existing

• make decisions

What does the term 'access' mean in the context of the passage?

• Starting a business

• Improving availability or reach of products

• Managing finances

• Networking with other entrepreneurs

Tags

Understanding word meanings

What is a key factor for a successful start-up according to the passage?

• Creating a new product

• Improving access to existing products

• Ignoring consumer demands

• Sticking to traditional business models

Tags

Main ideas and supporting details

What does 'investment' mean in the context of the passage?

• A. Spending money on something

• B. Saving money for future use

• C. Borrowing money from others

• D. Losing money in a business venture

Tags

Understanding word meanings

Why do start-up businesses often fail in the initial stages?

• Lack of available money for advertising and brand building

• Lack of innovative ideas

• Poor management skills

• Overwhelming competition

Tags

Main ideas and supporting details

Vocabulary - Choose the best word to fill in the blank:

Customers want businesses to ___ their service. They want to be treated like a valued individual.

• communicate

• advertise

• invest

• personalize

Vocabulary - Choose the best word to fill in the blank:

The best companies ___ the best people to work for them.

• employ

• owns

• report

• promise