WorksheetsBTEC 2 Micro-enterprise review
Total questions: 10
Worksheet time: 6mins
What is an Entrepreneur?
A person who sets up a business, taking on financial risks in the hope of profit.
A person who wants to make money
A person who thinks about ideas but waits for someone else to make it a business
A mystery person from outer space
Highlight two key skills of an entrepreneur
Being lazy
Being a risk taker
Being motivated
Being a good gamer
What is the definition of a micro-enterprise?
A small spaceship
A very large business
A business operating on a very small scale
One of Richard Branson's business ventures
Highlight two ways you can generate ideas
Looking to see if there is a product or service missing where you live
Making something up
Looking at your daily life and seeing if there is a product or service missing
buying the idea from someone else
Highlight two business considerations you need when analysing an idea
How much will it cost to make and sell?
Will I like it?
Will I hate it?
What ways could the idea be marketed?
Highlight two ways to market your idea
Telling your pet
Keeping it to yourself
Social media
Leaflets
What is the definition of a target market?
A shooting range
Where you go to buy targets
A specific group of consumers at which a product or service is aimed
A created group of consumers to buy a product or service
What is the definition of a SWOT?
A tool that helps a business be better than another
An analysis of your current situation
A situational analysis that helps a person look further at a business or idea
What does SWOT stand for?
Super Strengths
Outstanding Strengths
Worrying Weaknesses
Tiring Weaknesses
Strengths
Opportunities
Weaknesses
Threats
Strengths
Outside
Within
Threats
Do you think your micro-enterprise idea will be a success>
Yes
No
Maybe
