Y8 5. Building a Business SPA

Identify what a common reason products fail?

• Customers had no need for the product

• The product is unique

• The product is expensive

Select which of the following is not a reward of a successful business?

• Profit

• Success

• Independance

• Lack of security

Select out of the following options is not a risk of a business?

• Independence

• Financial loss

• Lack of security

• Business failure

Sort the following keywords of whether they are a feature of a good or bad logo?

Groups:

(a) Good Logos

,

(b) Bad Logos

• Busy

• Memorable

• Similar to other logos

• Unique

• Lots of different colours

• Eye Catching

• Simple

A person who purchases goods and services for personal use. Is known as ​ (a)  

• Consumer
• ECommerce
• Profit
• Entrepreneur

Commercial transactions conducted electronically on the internet.. Is known as ​​ (a)  

• Profit
• Ecommerce
• Entrepreneur
• Consumers

A financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something. Is known as ​​​ (a)  

• Entrepreneur
• Consumers
• Profit
• Ecommerce

A person who sets up a business or businesses, taking on financial risks in the hope of profit. Is known as ​​​ ​ (a)  

• Consumers
• Ecommerce
• Entrepreneur
• Profit

Match the following

• A way of easily identifying a company

• Slogan

• An image to represent the company

• Logo

• A sentence to represent the company

• Branding

Sort each activity into the type of market research it is?

Groups:

(a) Primary Research

,

(b) Secondary Research

• Books

• Internet

• Interview

• Survey

• Questionnaire

• Newspapers