1.1_Quiz

What is the balance between the worst that can happen and the best that can happen in business?

• Branding

• Risk & Reward

• Added Value

• Independence

What term describes starting something on your own in business?

• Obsolete

• Entrepreneur

• Business Enterprise

• Goods

What does it mean when a product or service is getting fewer sales over time?

• Branding

• Obsolete

• Added Value

• Goods

What is the need of many business owners to make their own decisions and be their own boss?

• Independence

• Branding

• Services

• Goods

What term describes uncertainty for a business owner about day-to-day family income and assets?

• Dynamic Nature of Business

• Lack of Financial Security

• Unique Selling Point (USP)

• Entrepreneur

What is an original feature of a product that rivals aren’t offering?

• Added Value

• Unique Selling Point (USP)

• Independence

• Risk & Reward

What involves adding a feature that makes a product or service stand out above its rivals?

• Branding

• Added Value

• Entrepreneur

• Goods

Who is someone that shows initiative by taking a risk in setting up, investing in, and running a business?

• Entrepreneur

• Business Enterprise

• Goods

• Services

What are products that are tangible, such as a TV?

• Services

• Goods

• Branding

• Obsolete

What is the process of giving a product a unique identity through a name and logo?

• Branding

• Goods

• Services

• Added Value