Small Businesses
Quiz
•
Other
•
10th Grade
•
Medium

Lauren Le Gendre
Used 29+ times
FREE Resource
8 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A small business usually has the same premises of the owner's home
TRUE
FALSE
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which is NOT a function of a small business
Creates employment
Provides services large firms are not willing to produce
Often reply on the use of local materials
Cater to niche markets
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is a 'niche market'
A small target group of customers who prefers a particular product or serive
A large target group of customers
Customers who do not know what they prefer
A market that is too small to produce for
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Maintaining a good relationship with customers is a disadvantage for a small business owner
TRUE
FALSE
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which is an advantage of a small business?
Creates employment in the local community
Lack resources necessary to offer a rage of products
Does not generate income
Business is a sole trader
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Why may banks and other lenders be reluctant to give loans to small business owners?
The owner does not have enough capital
Small business owners cant offer a wide range of products
It is risky because small business owners have few assets
The banks do not care about small business owners
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Small businesses and cottage industries are the same
TRUE
FALSE
8.
OPEN ENDED QUESTION
3 mins • 1 pt
Write your own definition of a 'small business'
Evaluate responses using AI:
OFF
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