NEW
Font size
WorksheetsUnit 1 Business Management - Identifying Business opportunities
Total questions: 10
Worksheet time: 5mins
A business opportunity is only about having an idea...
false
true
An opportunity is set of circumstances that a person can perceive as
a way to make money
a way to gett rich quick
an avenue to success
Victa lawn mower, Esky, Stump camera, and speedo swimwear are all.....
things we use during summer
things we have at home
things invented overseas
things invented in Australia
The process of creating a new or significantly improved good, service or process is called
invention
innovation
inventing
invented
Invention refers to the development of
an existing idea/product/process
an existing product/process/idea
a totally new idea/product/process
the alteration of out of date ideas/products/processes
If you are willing to take a risk of starting and operating a business you show.......
risk taking characteristics
entrepreneusim
enterpreneurship
enthusiasm
The term for a place where buyers and sellers interact to trade goods and services is called a ....
shop
market
store
a place of exchange
R & D stands for
researched and developed
researching and developing
researching and development
research and development
The application of knowledge that has changed people's lives and changed the way businesses operate is called
Technical development
Technological development
Technology developing
Technology developed
Goods and services exchanged between businesses and customers across the world is best described as.....
globalisation
globalised markets
foreign markets
global markets
