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Week 6 - Creating your Business

Authored by Wail Gamil

Science

University

Used 1+ times

Week 6 - Creating your Business
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15 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the definition of social value?

The price customers are willing to pay for a product

The wider positive impact an organisation has on society and the environment, beyond financial benefits

The profit margin a company achieves annually

The brand reputation of a business

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of a social enterprise?

McDonald’s

The Big Issue

Amazon

Apple

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The Big Issue was launched in:

1985

1991

2001

2010

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The Big Issue’s main aim was to:

Sell magazines to raise money for charity

Help homeless people earn a legitimate income

Increase magazine sales in London

Reduce unemployment among students

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In the Big Issue business model, vendors buy magazines for £1.25 and sell them for £2.50. What is their profit per copy?

£0.75

£1.00

£1.25

£2.25

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is not a benefit of social enterprises?

Fulfilling unmet social needs

Attracting motivated staff willing to work for less

Using all profits for shareholder dividends

Offering meaningful work for career changers

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these is one of the two major conditions for financial viability?

High customer satisfaction

Profitability

Innovation

Social impact

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