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P5 Spellzone 3 Words Flashcards | StudBud

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P5 Spellzone 3 Words

11 terms·StudBud Administration·53 plays

Test your knowledge on idioms and key concepts related to business and entrepreneurship in this engaging quiz.

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Questions 11

Answers

1
What is the significance of a prototype?
Initial model
Final product
Financial plan
Marketing strategy
2
What does 'accessible' mean in a business context?
Difficult to understand
Easy to reach
Rarely available
Expensive to find
3
What does 'favourable' imply in business?
Uncertain results
Positive conditions
Negative outcomes
High costs
4
What is a common challenge for new entrepreneurs?
Having too much money
Finding customers
Lack of competition
Easy regulations
5
What is the meaning of 'debt'?
Money owed
Money earned
Money saved
Money invested
6
What is a common advantage of borrowing money?
Immediate access to funds
No interest rates
Guaranteed profit
No repayment required
7
How can one improve their business model?
By avoiding changes
Through continuous evaluation
By ignoring feedback
By reducing costs only
8
What does 'evaluate' mean?
To ignore details
To sell products
To create something new
To judge value
9
What is the primary purpose of a patent?
To borrow money
To evaluate businesses
To protect inventions
To sell products
10
How can creativity benefit a business?
By following trends
By generating unique ideas
By avoiding risks
By limiting options
11
Which idiom suggests patience is important?
Strike while the iron is hot
Rome wasn't built in a day.
A fish out of water
Think outside of the box