WorksheetsBusiness unit 1
Total questions: 9
Worksheet time: 5mins
What is a name for a person who starts a business?
Enterprise
assistant
Entrepreneur
owner
What is a business plan?
Written document that only outlines the business practices of the new business.
Written document that describes the financial aspects of the business.
Written document that only describes the ownership of the business.
Written document that describes all the steps necessary for opening and operating a successful business.
What is a form of business ownership in which 2 or more people jointly owns a business
Sole trader
LTD
Partnerships
PLC
why would a business change their goals.
reached their previous goals
They are loosing money
they want to
To hard
What would a business goal of a school be?
Profit
Provide good education to students
Market Share
Survival
What are stakeholders?
Anybody who knows the name of the business
Anybody who is affected by a business
Someone who isn’t affected by a business
Anybody who buys from the business
Which of the following is most likely to be a benefit of business growth?
Increased costs
Increased sales
Increased competition
Increased chance of failure
Which of the following is NOT a method of internal (organic) growth?
Increasing output
Gaining new customers
Developing new products
Merging with / taking over another business
