Which of the following is not required for an organisation to have the Fairtrade guarantee?

The organisation does not use pesticides in their practice

The person responsible for making and selling products

How would you describe a consumer?

The person that buys products from businesses

Something that you cannot survive without

Which of the following statements is most correct definition? An entrepreneur...

founds a business, takes risks and create original products

studbud

Year 7 Economics

10 termsStudBud Administration1,701 plays

This quiz will test Year 7 Economics students on the key concepts and topics of our unit with a focus on entrepreneurship and how entrepreneurs plan for and run a successful business. #advertising #economics #year7economics #consumers #producers #entrepreneurship

Flashcards10 cardsFPractice quizPHost liveL

Questions 10

Answers

1
Which of the following is not required for an organisation to have the Fairtrade guarantee?
No child labour or forced labour
Environmentally friendly and sustainable practices
Fair working conditions and price paid to the farmer
The organisation does not use pesticides in their practice
2
What is a producer?
The person responsible for making and selling products
The person that found a business
The person that buys products
The person that distributes goods
3
An advertising campaign will be most successful if decisions are made to suit the target market
True
False
4
How would you describe a consumer?
The person in a transaction who sells something
The person that buys products from businesses
The person that invents a business
The person who manufactures and distributes goods
5
Which word does not describe keeping on trying despite failure or experiencing difficulty?
Grit
Perseverance
Resilience
Ingenuity
6
When a famous person supports a product this is known as....
The Fame Game
FPPA- Famous Person Product Approval
Celebrity Endorsement
Status Guarantee
7
What is a need?
Something that is useful but not required for survival
Something you would like to buy to make your life easier
Something that you cannot survive without
Something that you will invent to help someone else
8
Which of the following is not a characteristic or quality of a successful entrepreneur?
Willingness to take risks
A big amount of money
Perseverance
Creativity
9
Thinking about the cost and profit that a business will make is known as....
Marketing
Financial Planning
Cost and Profit Evaluation
Advertising
10
Which of the following statements is most correct definition? An entrepreneur...
is not the same as a business person
creates a business selling traditional products
founds a business, takes risks and create original products
start a business and makes lots of money

Year 7 Economics Flashcards | StudBud

Year 7 Economics

10 termsStudBud Administration1,701 plays

Flashcards10 cardsFPractice quizPHost liveL

Questions 10

Answers

1
Which of the following is not required for an organisation to have the Fairtrade guarantee?
No child labour or forced labour
Environmentally friendly and sustainable practices
Fair working conditions and price paid to the farmer
The organisation does not use pesticides in their practice
2
What is a producer?
The person responsible for making and selling products
The person that found a business
The person that buys products
The person that distributes goods
3
An advertising campaign will be most successful if decisions are made to suit the target market
True
False
4
How would you describe a consumer?
The person in a transaction who sells something
The person that buys products from businesses
The person that invents a business
The person who manufactures and distributes goods
5
Which word does not describe keeping on trying despite failure or experiencing difficulty?
Grit
Perseverance
Resilience
Ingenuity
6
When a famous person supports a product this is known as....
The Fame Game
FPPA- Famous Person Product Approval
Celebrity Endorsement
Status Guarantee
7
What is a need?
Something that is useful but not required for survival
Something you would like to buy to make your life easier
Something that you cannot survive without
Something that you will invent to help someone else
8
Which of the following is not a characteristic or quality of a successful entrepreneur?
Willingness to take risks
A big amount of money
Perseverance
Creativity
9
Thinking about the cost and profit that a business will make is known as....
Marketing
Financial Planning
Cost and Profit Evaluation
Advertising
10
Which of the following statements is most correct definition? An entrepreneur...
is not the same as a business person
creates a business selling traditional products
founds a business, takes risks and create original products
start a business and makes lots of money