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- Fill in the BlankPlease save your changes before editing any questions.
An organisation that produces and distributes goods and services is called a ______________
- Multiple ChoicePlease save your changes before editing any questions.
What are the 2 main aims of a business?
To make more money than the competition
Make a profit
To have popular goods or services
Satisfy particular needs and wants
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As a stall holder at the markets you are a ___________
- Multiple ChoicePlease save your changes before editing any questions.
Tick all the Goods
Hair Cut
Nike Sneakers
Halloween Lolly bag
A trip to Sea World
Doctor Who video
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Goods are something ___________
- Multiple ChoicePlease save your changes before editing any questions.
If the income is higher than the expenses, you made a
Loss
Profit
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If your expenses are higher than your income, it is called a ____________
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Businesses buy their goods from a ___________
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What are the top 5 things you need to include in a business plan?
- Multiple ChoicePlease save your changes before editing any questions.
A business plan...
...is the same as a budget
...mainly describes the product
... is a document providing the important details of a business
...shows the business idea of a company
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An entrepreneur is
a person who sets up a business.
a person who takes on financial risks in the hope of profit.
a person who is employed at a successful organisation
a person who talks about his/her product interests.
- Multiple ChoicePlease save your changes before editing any questions.
Tick all the Goods
Hair Cut
Nike Sneakers
Halloween Lolly bag
A trip to Sea World
Doctor Who video
- Fill in the BlankPlease save your changes before editing any questions.
A person who purchases goods and services for personal use is called a ____________________
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It is an _______________ to offer a product no one else has on offer.
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A __________________of the sole trader is the financial risk.
- Multiple ChoicePlease save your changes before editing any questions.
To find out trends and demands of the consumer, it is best to
create a strong slogan
conduct surveys and market research
find out what your partner says
observe the competition
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Give an example of a small business that produces consumer goods.
- Multiple ChoicePlease save your changes before editing any questions.
A company ....
is not a common type of business
comes from the 'Old French', meaning companionship
is more complex than a small business
is treated as if it were a person
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What type of business will you be running at the business expo?
- Multiple ChoicePlease save your changes before editing any questions.
producer goods are:
used by a consumer
used to make other goods