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WorksheetsBusiness ventures and Business roles
Total questions: 12
Worksheet time: 7mins
Name
Class
Date
1.
What is an example of a service?
a)
A bus journey
b)
A bus
c)
A bus stop
2.
What is the individual who buys a product called?
a)
Customer
b)
Consumer
c)
Supplier
3.
What is a business start up?
a)
A new firm operating in a market for the first time
b)
The time a shop opens
c)
A firm that has been operating in a market for several years
4.
Which of the following does every business do?
a)
Make a profit
b)
Produce goods and services
c)
Provide jobs for everyone
5.
How do you reduce the risk of starting a new business?
a)
Advertising
b)
Planning
c)
Investment
6.
What do you call an individual who sets up their own business?
a)
An enterprise
b)
An entrepreneur
c)
A stakeholder
7.
What helps owners identify their aims and competition?
a)
A spreadsheet
b)
A monopoly
c)
A business plan
8.
What is it called when multiple business are trying to win the same customers?
a)
A competitive market
b)
A monopoly
c)
A diverging market
9.
An entrepreneur is someone
a)
Someone who works for a new business
b)
Someone who starts a new business
c)
Someone who takes over an existing business
d)
Someone who does not want to work
10.
An entrepreneur must know...
a)
Only the parts of the business they like
b)
No parts of the business management
c)
all parts of business: finance, marketing, etc.
11.
A Business owned by 1 Person
a)
Sole Proprietorship
b)
Partnership
c)
Franchise
d)
Corporation
12.
Which of the following provides both goods and services?
a)
Beauty Shop
b)
Rug Cleaning
c)
Lawn Mowing
d)
Clothing Store
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