stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Business Management: Business Idea Flashcards | StudBud
Explore
/
Business Management: Business Idea
Business Management: Business Idea
11 terms
·
StudBud Administration
·
276 plays
#Business Management#Unit 1#outcome 1
Flashcards
11 cards
F
Practice quiz
P
Host live
L
Questions
11
Answers
1
If I want to protect my music and songwriting, I should endeavour to pursue:
A Trademark
The Design Rights
A Domain Name
Copyright
2
Business contribute to National Wellbeing via
Spending less time on research
Low GDP
Financial Security
More imports than exports
3
An example of a changing customer need as business opportunity
changing price of complimentary goods
changes in potential customers
all of the above
gentrification of a suburb
4
Which is a Social Enterprise?
Asylum Seeker Food Justice Truck
ReCreation Fitness
NAB
Boost Juice
5
A BOP is the best measure of the value of all ffinished goods and services produced in a year
True
False
6
A business opportunity is defined as
The ability and willingness to start & operate a business
a set of circumstances that presents as an avenue to success
changing tastes and fashions
creation of a good or service, or improving an existing one
7
I have designed a fast and flawless method of mass production for my factory. I should pursue
A trademark
Copyright
A patent
A logo
8
True or False: Ethics is the same as Social Responsibility
False
True
9
A Potential Source of Business Opportunity
A real passion for hobby
A change to the law eg superannuation
All of the above
A significant Medical Advancement
10
Entrepreneurial Qualities include:
Ability to learn from mistakes
Rigidness
Aversion to risk-taking
Adopting conventional wisdom
11
True or False: Innovation and Entrepreneurship are the same thing
False
True