Enterprise key terms review

Which type of incorporated organisation can sell shares to friends and family only?

• Sole trader

• Partnership

• Private limited company

• Public limited compnay

An organisation, with a particular interest, who tries to influence other businesses or the government

• Charity

• Pressure group

• Trade union

• Co-operative

When conducting a negotiation, after setting the tone and presenting the proposal, what comes next in the process?

• Reaching an agreement

• Summarising to check understanding

• Photo opportunity

• Understanding each others point of view

When considering SMART targets, what does the T stand for?

• Target

• Timed

• Tell over

• Total

Interviews and focus groups provide what kind of data?

• Quantitative

• Qualitative

Spot the odd one out

• Creativity

• Qualifications

• Taking responsibility

• Delegation

Spot the odd one out

• Director

• Survival

• Profit

• Growth

A business which allows entrepreneurs to use their brand name and logo

• Social enterprise

• Merger

• Co-operative

• Franchise

What does break-even analysis measure?

• When a business is no longer making a loss but not yet profitable

• Sales

• Profit

• The effectiveness of a manager

What is the 5th stage of the enterprise process?

• Monitoring progress

• Action planning

• Evaluation

• Implementing the plan