What can Governments do to create more innovation and entrepreneurship in the nation

Set up school based programs, Create business start up hubs

What are negative contributions that businesses can do to the economy?

Environmental damage, Advertise products that consumers dont need

Which is not a source for business opportunity

Visit Displays about the Good/service

Which of the following is in a Business Concept?

Specific features of the Good/Service

Which of these is not a reason why goal setting is important?

Smart, Measurable, Attainable, Relevent, Time bound

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Business Managment VCE unit 1 & 2 Outcome 1

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Questions 11

Answers

1
Which of these is not a characteristics of both Entrepreneurs and Business Managers
Maximise risk taking
Ability to innovate
Strong Vision
High Initiative
2
What can Governments do to create more innovation and entrepreneurship in the nation
Pay the businesses taxes for them
Set up school based programs
Create business start up hubs
Give psychological help to Entrepreneurs
3
Which of the following is a positive contribution that a business can do for the economy?
Let all employees go on vacation at the same time
Give free merchandise to employees
Make it compulsory for workers to go to a weekly bingo night
Set up a charity day
4
What are negative contributions that businesses can do to the economy?
Environmental damage
Create jobs
Advertise products that consumers dont need
Send a nuclear attack on the business market
5
Which is not a source for business opportunity
Visit Displays about the Good/service
Change in Customer needs
Gap in the market
Global market
6
How many main types of goals are there?
3
1
4
2
7
Which of these are complimentary products?
Printer and ink
iphone and Android
Car and car paint
Coke and Pepsi
8
Which of the following is in a Business Concept?
Specific features of the Good/Service
trees
Grants
Market conditions
9
What is not in a feasibility study?
Consideration of operations
Others attempting the same idea
Assessment of the market
Environmental damage
10
Which of the following is not a way to protect a business idea?
Patent
Slogan
Design rights
Trademark
11
Which of these is not a reason why goal setting is important?
Smart, Measurable, Attainable, Relevent, Time bound
Set company direction or provide motivation
Without a goal a business has no clearly defined purpose
To keep your business on track for a set period of time

Business Managment VCE unit 1 & 2 Outcome 1 Flashcards | StudBud