Business Basics for Young Learners

What is a franchise?

• A type of car

• A type of business where you can use someone else's brand and sell their products

• A type of food

What does a trade mark protect?

• A country's borders

• A company's logo or brand name

• A type of animal

What is copyright used for?

• To protect written works, music, and art from being copied without permission

• To build houses

• To make clothes

What is market segmentation?

• Dividing a market into smaller groups of people with similar needs or characteristics

• Building a new shopping centre

• Making a new type of chocolate

What is risk management?

• A game you play with friends

• The process of identifying and minimising risks in a business

• A type of dance

What is market research?

• Studying the weather

• Collecting information about what people want to buy

• Planting trees

Which of the following is a legal form of business?

• A lemonade stand

• A sole trader

• A football team

What is the purpose of a franchise agreement?

• To decide what to eat for dinner

• To outline the rules and responsibilities between the franchisor and franchisee

• To plan a holiday

Why is a trade mark important for a business?

• It helps them cook better food

• It protects their brand and makes it unique

• It helps them run faster

What is one benefit of market segmentation?

• It helps businesses target their products to the right people

• It makes the sky blue

• It helps plants grow