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WorksheetsFact Check: Two truths and a lie
Total questions: 10
Worksheet time: 3mins
Can you spot the lie
One of the benefits of being an entrepreneur is it is easy to find capital
Another benefit is that entrepreneur are able to put their ideas into practice
Entrepreneurs choose how to use their time and money
Can you spot the lie
Characteristics of an entrepreneur
Optimistic
Innovative
Dependent
Can you spot the lie
In the business plan: the product and service describes what the business delivers or sells
In the business plan: the product and service describes the market the business is targeting
In the business plan: the product and service describes how the firm delivers products and services to customers
Can you spot the lie
In the business plan: the market includes
Analysis of competition
Predicted cost
Forecast sales revenue from the product
Can you spot the lie
Government support business start-ups because
To benefit society
To decrease unemployment
To decrease competition
Can you spot the lie
How does government support start-ups
Providing customers
Providing research
Providing premises
Can you spot the lie
When an owner opens a new branch this is considered as
External growth
Conglomerate growth
Internal growth
Can you spot the lie
When a bakery takes over a windmill this is considered as backward vertical integration
When a bakery takes over a windmill this is considered as forward vertical integration
When a bakery takes over a windmill this is considered as horizontal integration
Can you spot the lie
When a car retail takes over a restaurant this is considered as vertical integration
When a car retail takes over a restaurant this is considered as horizaontal integration
When a car retail takes over a restaurant this is considered as conglomerate integration
Can you spot the lie
Problem linked to business growth
Expansion cost are little
Larger business leads to poor communication
Larger business is harder to control
