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LO1 - ENTREPRENEURSHIP (PART A)

Authored by grace gregson

Business

10th Grade

Used 1+ times

LO1 - ENTREPRENEURSHIP (PART A)
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52 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an entrepreneur?

A person who works for a company

A risk taker who starts their own business or enterprise

Someone who invests in stocks

A manager in a large corporation

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a common goal for entrepreneurs?

To avoid risks

To work for someone else

To make a profit or achieve personal satisfaction

To follow a strict routine

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does being an entrepreneur involve?

Setting up new business ventures every day

Avoiding any form of risk

Having foresight, drive, and ambition to solve problems

Working only in the technology sector

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is it called when entrepreneurs launch a new product or service?

Market saturation

Market gap

Market analysis

Market research

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the roles of a successful entrepreneur?

Identify Potential Business Opportunity

Ignore Market Research

Avoid Financial Planning

Focus Solely on Product Design

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does evaluating the viability of a business opportunity involve?

Ignoring market trends

Ensuring the business idea is viable through market research and careful planning

Focusing only on product design

Avoiding financial considerations

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the 4Ps of the marketing mix?

Price, Place, Product, Promotion

Plan, Produce, Profit, People

Price, People, Product, Process

Plan, Place, Promotion, People

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