ESTABLISHING A BUSINESS TEST

Who is an "entrepreneur"?

List THREE reasons why an individual would want to start their own business.

Outline TWO roles of the entrepreneur in economic development.

Explain the role of the entrepreneur in 'planning'.

Outline THREE areas in a typical business plan

Explain the importance of conducting a feasibility study

Sources of information already published can be used for market research by companies. This is termed

• Primary Sources

• Secondary Sources

• Qualitative Data

• Quantitative Data

People who conceptualize and undertake the risk of starting a business venture are specifically

• Superiors

• Managers

• Subordinates

• Entrepreneur

The condensed version is contained in the:

• Feasibility Plan

• Marketing Plan

• Keynote Summary

• Executive Plan

Cash used to secure a loan at the bank is referred to as

• Collateral

• Fixed deposit

• Fixed Assets

• Current Assets