What is an entrepreneur?

GCSE Business Units 1 to 4 Revision

Quiz
•
Other
•
3rd - 4th Grade
•
Medium
Christopher Cook
Used 9+ times
FREE Resource
55 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A government official
Someone who works for a charity
A person who takes risks to set up a business
A marketing consultant
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
One role of an entrepreneur is to:
Avoid taking risks
Work for someone else
Organise resources
Cut staff
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a business aim?
A short-term decision
A long-term goal
A legal document
A slogan
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does adding value mean?
Selling products for less than cost price
Improving staff performance
Increasing the difference between cost and selling price
Cutting quality
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an example of a calculated risk?
Guessing business costs
Ignoring competitors
Making a decision based on research
Refusing to innovate
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A key reason for starting a business is:
Reducing competition
Gaining independence
Avoiding taxes
Lowering unemployment
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is revenue?
Costs + profit
Selling price × quantity sold
Net profit – costs
Total costs ÷ sales
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