Amber and Jacob are starting a new business venture. What should be their primary goal in enterprise?
Understanding Enterprise and Entrepreneurship

Quiz
•
Business
•
11th Grade
•
Easy
Christian Obe
Used 1+ times
FREE Resource
18 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To maximise profits at any cost
To use creativity and innovation to meet customers’ needs and aspirations
To eliminate all competition
To focus solely on financial gains
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Grace and Alfonso are planning to start a new business. Which of the following is a strategic risk they might face?
A competitor entering the market
Non-payment by a customer
Introduction of new health and safety legislation
Breakdown of key equipment
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Grace and Amber are working on a project that aims to provide clean drinking water to underprivileged communities. What type of enterprise are they likely focusing on?
Start-up
Lifestyle
Social enterprise
Franchise
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Grace has decided to start her own bakery business, where she will be the sole owner and operator. What type of business format is Grace using?
Partnership
Sole trader
Limited partnership
Public limited company (PLC)
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Jacob and Lillie are starting a new business. What is a key characteristic of an entrepreneur's mindset that they should embrace?
Rigidity
Passivity
Adaptability and flexibility
Indifference
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Amber and Grace run a small business. Which of the following is a financial risk for their enterprise?
A competitor entering the market
Non-payment by a customer
Introduction of new health and safety legislation
Theft of key equipment
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Alessia and Ben are starting a business together. What is their primary focus if they want to create a lifestyle enterprise?
Rapid growth and expansion
Achieving a balance between work and personal life
Addressing social issues
Franchising opportunities
Create a free account and access millions of resources
Similar Resources on Wayground
15 questions
ENTREPRENEURSHIP SEATWORK

Quiz
•
11th Grade
20 questions
Economic Systems

Quiz
•
9th - 12th Grade
15 questions
Entrepreneur

Quiz
•
11th Grade - Professi...
15 questions
B.E. Chapter 4: Private Enterprise

Quiz
•
9th - 12th Grade
18 questions
small business

Quiz
•
11th Grade
20 questions
BUSINESS KEY WORDS

Quiz
•
10th - 12th Grade
19 questions
Economic Systems

Quiz
•
9th - 12th Grade
14 questions
CAB Chapter 2

Quiz
•
9th - 12th Grade
Popular Resources on Wayground
25 questions
Equations of Circles

Quiz
•
10th - 11th Grade
30 questions
Week 5 Memory Builder 1 (Multiplication and Division Facts)

Quiz
•
9th Grade
33 questions
Unit 3 Summative - Summer School: Immune System

Quiz
•
10th Grade
10 questions
Writing and Identifying Ratios Practice

Quiz
•
5th - 6th Grade
36 questions
Prime and Composite Numbers

Quiz
•
5th Grade
14 questions
Exterior and Interior angles of Polygons

Quiz
•
8th Grade
37 questions
Camp Re-cap Week 1 (no regression)

Quiz
•
9th - 12th Grade
46 questions
Biology Semester 1 Review

Quiz
•
10th Grade