WorksheetsEnterprise - Component 1 - Learning Aim A
Total questions: 15
Worksheet time: 8mins
What is the maximum number of employees an SME can have according to the European Union definition?
50
100
250
500
Which of the following is a common feature of SMEs?
Large market share
High number of employees
Limited financial resources
Global operations
Which type of enterprise is primarily focused on generating profit?
Non-profit organisation
Social enterprise
Profit-making enterprise
Government agency
What is a key characteristic of a micro-enterprise?
More than 250 employees
Annual turnover exceeding £50 million
Fewer than 10 employees
Operates in multiple countries
In which sector do enterprises that provide services such as banking and insurance operate?
Primary sector
Secondary sector
Tertiary sector
Quaternary sector
Which business model involves selling products directly to consumers through an online platform?
Business-to-Business (B2B)
Business-to-Consumer (B2C)
Consumer-to-Consumer (C2C)
Peer-to-Peer (P2P)
Which industry is primarily involved in the extraction of natural resources?
Manufacturing
Retail
Mining
Hospitality
What is a common aim of many enterprises?
Reducing market competition
Maximising profits
Limiting employee growth
Minimising customer satisfaction
Which activity is typically associated with enterprises in the secondary sector?
Farming
Manufacturing
Retailing
Consulting
Which skill is essential for entrepreneurs to effectively manage their business?
Inability to take risks
Poor communication
Financial management
Lack of creativity
What characteristic is often found in successful entrepreneurs?
Aversion to change
Lack of vision
Resilience
Inflexibility
Which of the following is a feature of a small enterprise?
More than 500 employees
Annual turnover of less than £10 million
Operates in multiple countries
High market share
In which sector do enterprises that produce goods from raw materials operate?
Primary sector
Secondary sector
Tertiary sector
Quaternary sector
Which business model involves transactions between consumers?
Business-to-Business (B2B)
Business-to-Consumer (B2C)
Consumer-to-Consumer (C2C)
Peer-to-Peer (P2P)
Which skill is crucial for entrepreneurs to identify new business opportunities?
Lack of market knowledge
Poor analytical skills
Creativity
Inability to network
