Which of the following shoes the enterprise skills of 'PLANNING' for a local baker.

Buying supplies for products yet to be sold/made., Calculating savings you need to make to buy new equipment.

Which of the following is an example of 'DRIVE & DETERMINATION' by a mobile hairdresser.

Ringing a local salon daily to see if they have extra jobs.

What is competitive advantage?

Outperforming your competitors in all aspects of business.

Which of the following would be used in a mind map? To...

Provide an overview of key factors to be more competitive.

Which are reasons why individuals start up their own business.

To meet a personal challenge or goal., To use business profits to make a difference.

Symbol, sign or product features protected by law.

What is lateral thinking?

Thinking differently to find new & unexpected ideas.

Which of the following demonstrates 'SEEKING OPPORTUNITIES' for a local plumber.

Asking around if anyone needs a plumber, Doing an advertising 'mail drop' in the local area.

The process of transforming inventions into products.

What are the colours of de Bono's six thinking hats?

Blue, white, yellow, red, black, green.

Which is a question to ask if you were starting a new clothing store?

What type/style of clothes should I sell?

What is deliberate thinking?

Thinking to stimulate new ideas and products.

What is a calculated risk.

Probability of a negative event occurring this year.

What is an entrepreneur?

A person who takes risks when running their own business.

Which is an example of a 'Service'?

A shampoo & blowdry treatment before a haircut

Correctly finish the sentence "Copyright ...

Gives legal ownership of literary, artistic & music material

Adding value or a new feature to an existing product

What is the difference between lateral and blue sky thinking.

Blue sky thinking has no restrictions.

Which are advantages for a franchisee of buying into a franchise?

Provides a tried & tested product., Provision of on-going support, guidance & help.

What is drive & determination?

Personal strength to ensure the idea is successful.

What lateral thinking techniques would an entrepreneur to think creatively?

Blue sky thinking, Creative management

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Combined 1.2 Quiz - Showing Enterprise

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#gcse #businessstudies combined student #revisionquiz for #Unit1.2 #showingenterprise

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Questions 25

Answers

1
Which of the following shoes the enterprise skills of 'PLANNING' for a local baker.
Buying supplies for products yet to be sold/made.
Answering a customer's text about a job quote.
Calculating savings you need to make to buy new equipment.
Reviewing your work diary of jobs on for next week.
2
Which of the following is an example of 'DRIVE & DETERMINATION' by a mobile hairdresser.
Filling the shampoo bottles each week.
Scouting the local area for people who need a hair cut
Ringing a local salon daily to see if they have extra jobs.
Paying monthly membership to the Hairdresser's union.
3
What is competitive advantage?
Outperforming your competitors in all aspects of business.
Being better value for money than your competitorsl
Being cheaper in price than your competitors.
Taking bigger risks than your competitors.
4
Which of the following would be used in a mind map? To...
Calculate cash flow for the next 6 months.
Budget for unforeseen costs that could crop up this year.
Plan business objectives for the long term.
Provide an overview of key factors to be more competitive.
5
Which diagram records ideas around a central concept?
Market map
Online survey
Mind map
Scatter diagram
6
Which are reasons why individuals start up their own business.
To work more hours than they do currently.
To avoid paying income tax to the government.
To meet a personal challenge or goal.
To use business profits to make a difference.
7
What is a trademark?
Temporary ownership of products & processes for 6 months.
Ownership of books, music & films so they can't be copied.
Right of ownership of an invention.
Symbol, sign or product features protected by law.
8
What is lateral thinking?
Thinking differently to find new & unexpected ideas.
Thinking 'blue sky' for something completely different.
Thinking competitively to beat your competitors.
Thinking creatively to improve your business.
9
Which of the following demonstrates 'SEEKING OPPORTUNITIES' for a local plumber.
Getting a new 'work' mobile number.
Asking around if anyone needs a plumber
Driving to a customer's house to fix a leak.
Doing an advertising 'mail drop' in the local area.
10
Which is an example of a 'Good'?
New Maserati Quattroporte car.
Watching the latest blockbuster film at the cinema.
Bus journey paid using an Oyster card.
A haircut
11
What is innovation?
The process of transforming inventions into products.
The process of creating a new invention.
The process of selling individualised products.
The process of advertising using social media.
12
What are the colours of de Bono's six thinking hats?
White, red, green, purple, black, yellow.
Blue, white, yellow, red, black, green.
Yellow, pink, blue, black, green, white.
Black, yellow, orange, green, white, blue.
13
Which is a question to ask if you were starting a new clothing store?
How are people going to pay for the clothes?
How should I display the clothes in the shop?
How much profit will I make in 2 years?
What type/style of clothes should I sell?
14
What is deliberate thinking?
Thinking to stimulate new ideas and products.
Thinking about just one aspect of the business/product.
Thinking outside the box.
Thinking about profits and sales all day every day.
15
What is a calculated risk.
Probability of making a loss this year.
Probability of a positive event occurring this year.
Probability of a negative event occurring this year.
Probability of making a profit this year.
16
What is an entrepreneur?
A person who takes risks when running their own business.
A person who sells their business ideas to other people.
A person who sells goods and services to consumers safely.
A person who sells products online.
17
Which of the following will protect a song you have written?
Copyright
Trademark
Patent
Branding
18
Which is an example of a 'Service'?
A new Apple MacBook pro
A new pair of Nike Air Jordan's
Iphone 7
A shampoo & blowdry treatment before a haircut
19
What is 'INVENTION'?
Transforming a product into something else.
Discovering of new products.
Creating a new product using old methods.
Remaking an old product a new way eg same product new style.
20
Correctly finish the sentence "Copyright ...
Protects both the invention & innovation.
Limits ownership of literary, artistic, or musical material.
Makes illegal downloading legal.
Gives legal ownership of literary, artistic & music material
21
Innovation is...
Thinking of a new product.
Adding value or a new feature to an existing product
Creating a new product.
Giving an old product a new USP
22
What is the difference between lateral and blue sky thinking.
Blue sky thinking has no restrictions.
Blue sky thinking is more creative.
Lateral thinking is more 'outside the box.'
They both the same thing.
23
Which are advantages for a franchisee of buying into a franchise?
Provides a tried & tested product.
Provision of on-going support, guidance & help.
Freedom to make your own decisions.
Initial set up costs are cheap.
24
What is drive & determination?
Personal strength to start up a new business.
Personal weakness to not hire family & friends as workers.
Personal weakness of not taking advice from others.
Personal strength to ensure the idea is successful.
25
What lateral thinking techniques would an entrepreneur to think creatively?
Six thinking hats
Blue sky thinking
Deliberate creativity
Creative management

Combined 1.2 Quiz - Showing Enterprise Flashcards | StudBud