Have an account?
Skip to Content
Build your own quiz
20 questions
Show Answers
See Preview
- 1. Fill in the Blank
An organisation that produces and distributes goods and services is called a ______________
- 2. Multiple Choice
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
- 3. Fill in the Blank
As a stall holder at the markets you are a ___________
- 4. Multiple Choice
Tick all the Goods
Hair Cut
Nike Sneakers
Halloween Lolly bag
A trip to Sea World
Doctor Who video
- 5. Fill in the Blank
Goods are something ___________
- 6. Multiple Choice
If the income is higher than the expenses, you made a
Loss
Profit
- 7. Fill in the Blank
If your expenses are higher than your income, it is called a ____________
- 8. Fill in the Blank
Businesses buy their goods from a ___________
- 9. Open Ended
What are the top 5 things you need to include in a business plan?
- 10. Multiple Choice
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
- 11. Multiple Choice
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.
- 12. Multiple Choice
Tick all the Goods
Hair Cut
Nike Sneakers
Halloween Lolly bag
A trip to Sea World
Doctor Who video
- 13. Fill in the Blank
A person who purchases goods and services for personal use is called a ____________________
- 14. Fill in the Blank
It is an _______________ to offer a product no one else has on offer.
- 15. Fill in the Blank
A __________________of the sole trader is the financial risk.
- 16. Multiple Choice
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
- 17. Open Ended
Give an example of a small business that produces consumer goods.
- 18. Multiple Choice
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
- 19. Fill in the Blank
What type of business will you be running at the business expo?
- 20. Multiple Choice
producer goods are:
used by a consumer
used to make other goods
- Answer choicesTagsAnswer choicesTags