Cambridge National Enterprise and marketing course

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

What is a potential reward for an entrepreneur taking risks?

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

Assets are only regarded as having financial value...

What does the term “Marketing” involve?

Enterprise refers to a ____.

What is an Investor

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

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

Why is negotiation important in entrepreneurship?

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

Which of the following is NOT a type of stakeholder?

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

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

Why do entrepreneurs need confidence?

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

What reflects determination in entrepreneurs?

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

What is the primary goal of an entrepreneur?

Entrepreneurs never have to negotiate in the business setting

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

What are Fixed Costs in a business?

What is crucial for entrepreneurs in terms of communication

What is the main purpose of market research?

An investor is someone who...

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

What is a Target Market?