YR11 Business Unit 1 Topic 2

This is Unit 1 Topic 2

• True

• False

What is your assessment?

• an exam

• an essay

• a feasibility report

• going home early

How many stages are there in the business life cycle?

• 3

• 2

• 4

• 5

What are the stages of the business life cycle

• seed, start-up, growth, maturity, post-maturity

• start-up, growth, maturity, post-maturity, decline

• seed, start-up, growth, maturity, decline

• growth, maturity, decline,

What is the seed stage?

• first stage of the business life cycle

• all of the above

• initial idea or thought

• entrepreneurs determine whether the idea is worth pursuing

What is NOT a challenge for the seed stage?

• funding

• time

• energy

• costumes

What is a strategy for the seed stage?

• imagining a better future

• being competitive

• creating a business plan

• going to Maccas

Maccas is in the seed stage

• True

• False

What are the internal environmental factors?

• customers

• employees

• owners and managers

• suppliers

What are the external environmental factors?

• customers

• interest groups

• owners and managers

• organisational structure