GCSE Business Topic 1 - Revision Quiz
Authored by Christopher Cook
Business
9th - 10th Grade
Used 10+ times
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47 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main purpose of an entrepreneur?
To employ staff
To earn a salary
To take risks and set up a business
To manage resources
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an example of a service?
A car
A haircut
A smartphone
A chocolate bar
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a business plan used for?
To calculate taxes
To provide a strategy for the business
To market products
To design logos
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one characteristic of an entrepreneur?
Laziness
Creativity
Indifference
Dishonesty
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a financial motive for starting a business?
Profit
Independence
Salary
Security
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which term describes a business owned by one person?
Partnership
Corporation
Sole trader
Franchise
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the term "innovation" mean in business?
Copying others
Doing the same as before
Introducing something new
Selling products cheaper
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