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Worksheets1.1.3 - The role of business enterprise
Total questions: 13
Worksheet time: 7mins
When a business launches an updated product with new features, it is best described as adding value through:
Convenience
Branding
Quality
Design
Which of the following statements best describes the term, unique selling point? When a business:
Establishes a clear target market for its products
Develops an aspect of a product that makes it different to its rivals
Carries out market research effectively
Produces a range of goods and services
The main purpose of which of the following businesses is to provide a service to customers?
An independent bakery
A dog grooming parlour
A farm
A specialist skateboard producer
Which of the following statements best describes the term, entrepreneur?
Someone who buys a product from a business
Someone who uses goods and services produced by a business
Someone who works for a business
Someone who is willing to take the risk involved in starting a business
In order to add value, local grocery stores often sell cheese that has already been grated for the customer. This adds value through:
Convenience
Branding
Quality
Customer service
One role of an entrepreneur is to organise resources. Which of the following statements best describes this role?
The ability to take calculated risks
The skill to think creatively
Employing workers and buying equipment in order to produce goods
The prospect of keeping all profits that are generated
Which of the following statements best describes the term, added value?
When a product stands out from those of its competitors
Making a product widely recognisable
The difference between the cost of a product and its selling price
Making a product convenient to use
Which of the following skills best describes an entrepreneur that has successfully created and launched a unique business idea onto the market?
Team player
Communicative
Organised
Innovative
An entrepreneur has decided to set up a mobile hairdressing business. The main reason for starting this business was:
To supply a service to customers
To produce goods for customers
To supply a service to suppliers
To produce goods for suppliers
In order to make its products stand out from those of its competitors, a small chocolate manufacturer produces organic, gluten free, chocolate bars. This is classed as adding value through:
Customer service
A unique selling point
Branding
Convenience
Which of the following best describes how value can be added to a product through branding?
When a product is made to high standards demanded by customers
When a product saves the customer time
When a business is recognisable by its name
When a business launches an updated product with new features
Which two of the following are disadvantages of being an entrepreneur?
Select two answers:
Ability to pursue an interest
Flexible working hours
Possible financial loss
Stress of being a decision maker
Being your own boss
Which two of the following businesses produce goods for customers to buy?
Select two answers:
A local veterinary practice
A small producer of specialist mountain bikes
A local hairdressing salon
An independent travel agent
A local ice cream manufacturer
