Cambridge National Enterprise and marketing course

Which term refers to the point where total revenue equals total costs, resulting in no net profit or loss?

Which of the following is NOT a type of stakeholder?

Why do entrepreneurs need confidence?

Assets are only regarded as having financial value...

What is a Target Market?

What reflects determination in entrepreneurs?

What is crucial for entrepreneurs in terms of communication

Entrepreneurs never have to negotiate in the business setting

Entrepreneurs should be willing to take risks, and in return, they might gain large ____

What is the primary goal of an entrepreneur?

Market Research doesn’t involve gathering information about consumers' needs and preferences

Market research is the process of gathering and analyzing data about a target audience or market

Why is negotiation important in entrepreneurship?

What are Fixed Costs in a business?

Enterprise refers to a ____.

What is an Investor

What does the term “Marketing” involve?

Which of the following market structures is characterized by a single firm controlling the entire market?

What type of company allows the general public to buy and sell its shares on the stock market?

Entrepreneurs must have good communication skills to effectively communicate with lenders, ____, and future customers..

An entrepreneur doesn’t take any financial risks when setting up a business..

What is the main purpose of market research?

What might an entrepreneur need to do to develop a new product or service?

What is a potential reward for an entrepreneur taking risks?

An investor is someone who...

A shareholder is someone with a general interest or concern in a business

To "Break even" in business means to reach a point where profits are equal to ____.