Font size
WorksheetsBusiness enterprise As Cambridge
Total questions: 13
Worksheet time: 14mins
Which two are economic resources?
Land
Primary sector
Labour
Secondary sector
What is meant by a business objective?
It is an aim for a business.
It is a measurable step people or businesses take to achieve an aim or goal.
A general goal for a business.
It is a step people or businesses take to achieve an aim or goal.
Scarcity refers to a basic economics problem—the gap between limited (a) and theoretically limitless wants.
__________ _____ represent the potential benefits that an individual, investor, or business misses out on when choosing one alternative over another.
Scarcity and choice
Business environment
Business objectives
Opportunity costs
PEST is an acronym for
Political, external, social and technological.
Political, economic, Labour, and technological.
Political, economic, social and technological.
Primary, economic, social and technological.
Owners/managers without much experience, a lack of market power, lack of competitiveness and lack of value for money can be reasons for?
External factors affecting a business
Business to change it's objectives
Business failure
Success
If a business was to fail, effects it could have on the economy could be...
less tax paid to the government
people may lose their jobs
that less businesses are good for competition.
if people lose their jobs, there will be less money spent on goods and services.
Open-mindedness, Curiosity, Proactiveness, Resilience, Risk-taking, Creativeness, Persuasiveness and Bravery are potential traits of an (a) .
Why are entrepreneurs important to the economy?
What is a social enterprise?
An organisation that prioritises maximising profits.
An organisation that relies on donations to support its social or environmental activities.
An organization whose main goal is promoting social or environmental welfare rather than making or maximizing profits.
A type of charity
Which options show a way in which a social enterprise might measure its success...
The human impact of your business, and your ability to affect social change, improve lives, and develops a community in a sustainable way.
The amount of profit it has made.
The total amount of donations received.
Your environmental impact—how you contribute to a sustainable planet or reduce the carbon footprint (CO 2 emissions) of your business and customers.
___ _____ ______ ____ is a business concept that posits firms should commit to measuring their social and environmental impact—in addition to their financial performance—rather than solely focusing on generating profit. Often referred to at the 3 P's (Profit, People and the Planet).
A social enterprise
The factors of production.
Political, economic, social and technological.
The Triple Bottom line
Draw a basic model representing the transformation process
