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Enterprise and Entrepreneurship 1.1 Business Flashcards | StudBud
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Enterprise and Entrepreneurship 1.1 Business
Enterprise and Entrepreneurship 1.1 Business
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Flashcards
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Questions
10
Answers
1
Which characteristic do you need to be an entrepreneur?
Risk taker
Shy
Quiet
Kind
2
Which famous entrepreneur started Virgin?
Anita Roddick
Elon Musk
Richard Branson
Jeff Bezos
3
Which of these is a reward for starting your own business
Business Success
Independence
Profit
All of the above
4
Which of these is not a "product"?
Insurance
Mobile phone
Chocolate
Car
5
Which of these is a way of "adding value"?
Sponsorship
Branding
Research and development
Market research
6
Which of these is NOT a risk associated with starting a business
Business Failure
Freedom
Lack of security
Financial loss
7
The purpose of business activity is to...
Add value
Produce goods or services
All of the above
Meet customer needs
8
Most new businesses fail...
True
False
9
What am I describing? "I am intangible, you cannot touch me"
Service
Enterprise
Product
Elon Musk
10
What does USP stand for?
Unlimited Selling Potential
Unique Selling Point
Unlimited Star Power
Unique Status precision
