WorksheetsBusiness
Total questions: 20
Worksheet time: 10mins
The most common form of money used today is referred to as (a) money.
The (a) goods each person had was used to trade with others.
Early man lived in a (a) economy.
Money is a medium of (a) .
When you open a new business, it will have a small start up cost.
True
False
Stock –
shares of ownership in a corporation
Shares of ownership in a partnership
Fish
a joint venture ends when a project is completed
True
False
Goods
are tangible objects that satisfy people's wants
are actions, such as haircuts and car repair, which also satisfy people's wants
none of the above
Who provides this service, a business, or the government?
Business
Government
McDonald's is a
franchise
cooperative
partnership
As part of the Feasibility stage we see if the product can be profitable. This is known as?
Production Feasibility
Financial Feasibility
None of the above.
Which of the following is an example of a barter economy?
Goods and services are exchange for money payments
Goods are not traded because there is no double coincidence of wants
Goods and services are exchanged for other goods
Which of these is not a stage in the development process of a new product?
Idea Generation
Concept Development
Target Market
Feasibility Study
entrepreneurs can get ideas by examining products that are currently being imported and replacing them with home produced goods. What external source is this?
Import Substitution
Media
Family Friends
None of the above
Who provides this service, a business, or the government?
Business
Government
The feedback from the customers surveyed will be used to refine the product, price, promotion and market (place) – the 4Ps.
Feasibility Study
Concept Development
Test Marketing
Product Launch
Which of these is not a external source of business ideas?
Family & Friends
Competitiors
Feedback
Intrapreneurship `
a contractual agreement to use the name and sell the goods or services of an existing company
Franchise
Cooperation
Sole Proprietorship
Service
are tangible objects that satisfy people's wants
are actions, such as haircuts and car repair, which also satisfy people's wants.
none of the above
Who provides this service, a business, or the government?
Business
Government
