1.2 Providing Goods & Services
Authored by Katie Pett
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8th Grade
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30 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is usually the first section of a business plan?
Business aims and objectives
Revenue forecast
Business idea
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is not an element that is included in a business plan?
Marketing mix
Stock market price
Sources of finance
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of these stakeholders might be interested in seeing a business plan?
Bank
Local community
Pressure groups
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What acronym is used when creating business objectives?
SWOT
SMART
PESTLE
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How can a business plan be used to minimise risk for a business?
It tells an entrepreneur exactly how much profit they will make
It shows an entrepreneur how many products they will definitely sell
It allows an entrepreneur to make informed decisions about their business
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the four elements of the marketing mix?
Product, profit, place and promotion
Product, price, place and promotion
Product, price, payments and promotion
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why would a bank primarily be interested in seeing a business plan?
To determine whether a business would be able to pay back a loan or mortgage
To determine whether a business would be able to pay back a grant or mortgage
To check a business’ aims and objectives
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