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
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