Unit 1 Business Management AOS1 The Business Idea

A person taking a risk to develop, start and manage a profitable business is a(n)...

Creating and implementing new ideas or significantly improving existing goods or services is...

Technological developments can allow a business to improve their business processes.

A businesses web address is called a(n)...

A favourable situation which can lead to advancement or success is called a...

To protect a poem you would use what?

Physical items that satisfy an individual's wants or needs are called...

Quantitative data is...

The running of a business day-to-day is done by?

Being innovative is a key characteristic to be a successful entrepreneur.

Businesses that engage in research and development contribute to the economic wellbeing of a nation by...

Business goals are important because they...

The remaining amount of revenue left over after expenses have been deducted is called...

A researched evaluation of how viable a business concept might be is called a...

The personal motivation to start a business is the same for all new business owners.

A business mentor runs the business during the initial stages of a start-up.

The M in SMART goals stands for...

Addressing a previously unmet area of demand is an example of...

A social enterprise has the primary goal of...

Which of these is NOT a source of business opportunity?