B.S. IG Chap 3

Self confidence is a characteristic of a successful entrepreneur.

• True

• False

______________ means Business

• Entrepreneur

• Enterprise

• Governments

Select ways of measuring business size.

• Value of output

• Capital

• All the options given

• Market share

• No. of employees

A ______________ is a detailed document giving information about a business.

There are 5 components of a Business Plan

• True

• False

Financial Forecasts means

• How much money is given to employees

• Predictions the business makes about profits and revenue

• Paying money to the government

What the business hopes to achieve is...

• Market research

• Business Opportunity

• The Objective

Why is Business Plan important?

• The government requires it

• Helps set aims and gives a direction to the business

• The customers want to see it before buying goods and services

Why do governments support start up?

• It benefits the economy.

• It does not benefit the economy.

1. 1. Greater competition which can lead to better prices for consumers

2.  2. Provide specialist goods and services 

3. 3. Can grow larger and lead to more economic activity

• Advantages of Government support for start ups

• Disadvantages of Government support for start ups