Start up cost consists of

Deposit for rent, registration fee and start up cost

Strength Weakness Opportunities Threats

What does break even point mean?

You have no profit but you did not lose any money

Consumer attraction: which is an example of Touch

Carpet stores showing examples of products

Person Place Price Products Packaging

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Consumer Gr12 test

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Questions 22

Answers

1
Which one is NOT required for a profitable business?
Skilled workers
Testing
Capacity
Location
2
The Management plan is a way to use goods and services to improve quality of life and meet consumer needs
False
True
3
Start up cost consists of
Business license permit, Break even point, packaging
Deposit for rent, registration fee and start up cost
Deposit for Rent, electricity and getting a lawyer
Salaries for workers, display in stores and Equipment
4
SWOT stands for?
Staff Worker Occupational Therapy
Strength Weakness Opportunities Threats
Sky's wonderful ostrich Quiz
Strength Weakness Opponent Threats
5
A profitable business makes enough money for?
Increase size of business
More staff
Have a better location
Be rich
6
Consumer attraction: which is an example of Sight
Music
Attractive workers
Having free samples
Pretty display
7
How to identify a profitable business?
Test Product
Get a lawyer to help
Just start the business
Research
8
What does break even point mean?
When you make a profit from your money
You are broke and can't start a business 😔
You have no profit but you did not lose any money
When you make a lose of money
9
You can't protect your idea when making a business
True
False
10
You are selling children's cough medicine, who is your target market?
Grandparents
Adults
Children
Parents
11
Consumer attraction: which is an example of Touch
Carpet stores showing examples of products
Hair dressers showing a magazine
None of the above
An architect giving a floor plan for you to look at
12
What is required for a profitable business?
Location
A good lawyer
Passion
A good packaging
13
An SSD is an example of a storage space like FIFO and Databases
False
True
14
What is NOT used in a label
The allergens
Expiry date
The location it's made in
Weight
15
AIDA stands for Attention Interaction Desire Action
True
False
16
Which is an opportunity to finance your business?
Partners
Loans
All the above
Investors
17
Consumer attraction: which is an example of Smell
Tea being offered at the entrance
A cafe showing off treats on the counter
Bookstores selling pastries
18
What is the Purpose of Financial Feasibility?
All the above
If the business will fail
Determines of business is profitable
If the business is successful
19
Consumer attraction: which is an example of Taste
Offer biscuits
All the above
Give water to customers
Free samples
20
The 5 Ps are:
Person Packaging Production Promote Printer
Person Place Price Products Packaging
People Post Price Package Product
None of the above
21
Consumer attraction: which is an example of Sound
Music in a cafe
Customers chatting in a restaurant
All the above
Coffee machine making noise in a cafe or bookstore
22
Which is NOT a Pricing strategy?
Competitive
Sustainable
Demand
Sales

Consumer Gr12 test Flashcards | StudBud