Cambridge IGCSE Level Chapter 3: Enterprise, Business Growth and

'An individual who has an idea for a business takes the financial risk of starting and managing a new business' is a definition of the term...

• Intrapreneur

• Enterprise

• Entrepreneur

• Businessman

Below are characteristics of successful entrepreneurs, except...

• Innovative, Self-motivated and determined, Self-confident

• Self-motivated and determined, Self-confident, Initiative

• Self-confident, Initiative, Results driven

• Risk-taker, Less networking, Self-oriented

Below are contents of a business plan, except...

• The financial forecasts

• The objectives of the business

• The Profit

• The market

Below are several ways of measuring and comparing the size of businesses, except...

• Number of products

• Value of output

• Capital employed

• Market share

Below are some reasons for owners want to expand their business, except...

• Protection from the risk of takeover

• Increase in market share

• Increase in unemployment

• Increase in profits

How many ways can a business grow?

• One

• Two

• Three

• Five

Internal growth also known as...

• Organic growth

• Inorganic growth

• Integration

• Disintegration

Below are four main types of integration, except...

• Vertical integration

• Horizontal integration

• Forward vertical integration

• Backward vertical integration

Below are factors affecting business growth, except...

• Owner’s choice

• Access and availability of capital

• Market domination

• Market orientation

Below are reasons for business failure, except...

• Poor planning and Poor cash-flow management

• Poor competition and poor manager skills

• Poor management skills and Poor choice of location

• Lack of finance and Poor marketing