WorksheetsEnterprise, business growth and size
Total questions: 21
Worksheet time: 20mins
What is a entrepreneur?
A person who organizes, operates and takes the risks for a new business venture.
a person who buys and sells goods, currency, or stocks.
an individual or company that sells or grants a franchise for the sale of goods or the operation of a service.
the highest-ranking person in a company or other institution, ultimately responsible for making managerial decisions.
What is a enterprise?
a business based upon the use of the brand names, promotional logos and training methods of an existing successful business
a company or group of people authorized to act as a single entity (legally a person) and recognized as such in law
A business or company that run by an entrepreneur
a business that use components, parts or raw materials to make a finished good
Why government supports business starts-ups?
(a)
Advantage of being entrepreneurs
can be independence
easy to setup
reduced risk
it will help in increasing the trade in the nation
Bonus: List some famous entrepreneurs
(a)
What is the disadvantage of being entrepreneurs?
competition with new established businesses
risk of conflict
unlimited liability
Increased potential for legal disputes
What is the characteristics of being successful entrepreneurs
(a)
What is meant a conglomerate merger?
when one business merges with or take over a business in a completely different industry
when one business merges with or take over a business in the same industry at the same stage of production
when one business merges with or take over a business in the same industry but at different stage of production
when the owners of two businesses agree to join their businesses together to make one business
How business plans assist entrepreneurs?
can guide business through each stage of starting and managing your business
it's useless
it's help to control the employee
allow government takeover the business
How government supports the startup?
(a)
Value of output is methods of measuring size of business
True
False
Why a firm may wish to expand
To encourage competition
To keep control of business
To increase the level of profits
To avoid publicity
A business plan for a new business will include all of the following except
Financial forecasts
market research data
previous years' accounts
details of business owners
Which is a problem for a new business to expand?
poor cash flow as a result of poor financial
no competitors in the industry
too much time spent on developing the business plan
consumers like dealing with small firms providing a small service
One way of overcoming the problems that often result from fast business growth is to
intergate with a much larger business
reduce the amount of capital invested in the business
operate the business in smaller units
reduce communication between people to save time
What's a needs for a new business?
(a)
How many type of merger in external growth? List them all.
(a)
List all the methods of measuring business size
(a)
Business size is important to (a)
List all the content of business plan
(a)
What is the business problem from expansion?
(a)
