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Investigating small business Flashcards | StudBud
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Investigating small business
Investigating small business
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106 plays
Investigating small businesses made by Max
Flashcards
13 cards
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Practice quiz
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Host live
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Questions
13
Answers
1
The world we live in is constantly changing, what changes are included?
People
Communications
Technology
Economy
2
Match it! -
changes in technology
-
Increased concern for healthy eating
Products and services becoming obsolete
CD's being replaced by different music formats
Development of 4g
3
Risk or reward? - High sales levels-
5 SECONDS
RISK
REWARD
4
Is change a threat to businesses that
ignore
it?
Yes
No
5
Can you pick out which ones are services of the following?
KFC
Facebook
British airways
Jaguar land rover
6
What could
increased wealth
decrease demand for?
Super market value products
New clothes
Hotel bookings
Gas prices
7
Enterprise can have two meanings. It can be used to show the ~~~~~~~~~~ of a business.
Motivation
Skill
Risk
Procedure
8
Original or adaption? Dark chocolate kit kat
original idea
Adapting existing product
9
What does
innovative
mean?
To lead their business successfully
Prepared to work long hours
Good at persuasion
Having lots of ideas
10
What should an entrepreneur do when they find something they want to pursue?
Undertake research
Ask family for a loan
Make more money
Develop the idea
11
What one of these is a reason why
businesses fail?
Making their business larger
Downloading dodgy content
Sleeping to much
Poor management
12
Risk or reward? - Independence - you only have 5 seconds!!!
RISK
REWARD
13
Risk or reward- Profit-
5 SECONDS!!!!!!!!!!!!!!!
REWARD
RISK