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Entrepreneurship, Marketing & Employment Flashcards | StudBud
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Entrepreneurship, Marketing & Employment
Entrepreneurship, Marketing & Employment
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Flashcards
35 cards
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Questions
35
Answers
1
Target market is the group of people a business aims to sell its product to
True
False
2
Pick the odd one out…
CSO statistics
Newspapers
Internet websites
Surveys
3
A characteristic is an ability you learn to do over time
True
False
4
Responsibilities of employers include…
Obeying all laws and regulations
Being punctual
Doing a fair days work
Respecting employers property
5
Benefit in Kind is …
You take home a percentage of the sales you make
Blue & red are correct
The benefit of receiving wages as part of your employment contract
A non-monetary form of compensation for employment
6
The following are factors to consider when determining price…
Red and yellow buttons are both right
Competitors prices
Design of the product
Income of target market
7
Roles of local enterprise offices are 1) providing grants to new start ups & 2) providing info to public re new startups
False
True
8
The private sector refers to jobs such as teachers, gardaí, nurses, ambulance drives etc…
True
False
9
Delegating means…
Driving the business forward
Dividing up the work amongst team members
Giving out tasks to different members of organisation
Blue AND yellow answers
10
Unique selling point is….
Where the company sellers it product from
What differentiates a company’s product from its competitors
How the company brand is established
Promoting your product online
11
The Unfair Dismissal Act 1977 states that employees cannot be fired on the basis of …
Continuous workplace misbehaviour
Gender, race, religion etc.
Inability to do the job properly
All of the above
12
A responsibility …
Something that is expected of you
Something you ought to do
Something you are entitled to
Blue & green are correct
13
Networking is..
Ability to inspire people to work towards a common goal
Giving out to tasks to your workers
The ability to make contacts and connections that could useful in future
Ability to bounce back from rejection
14
Wholesalers might be typically included in a channel of distribution because of their ability to sell in bulk
True
False
15
Enterprise Ireland give out grants to new businesses being set up in Ireland. A grant is…
Given out by government bodies for a specific purpose, needs to be repaid
A sum of € given to a business for specific purpose + no need to repay
A loan given from government to businesses
Yellow & red are correct
16
An entrepreneur…
Identifies gaps in the market
All of the above
Turns an idea into a business
Takes a personal and financial risk
17
Desk research is primary research - the discovery of information that has already been discovered.
False
True
18
Pick the odd one out …
Café Depeche
Centra
Mardyke Gym
Saint Vincent de Paul
19
Choose which options are examples of rights of employees…
Holidays and leave
Safe working conditions
All of the above
A fair days wage
20
The negative impacts of enterprise for communities can include…
Over-reliance
All of the above
Traffic congestion
Pollution
21
Volunteering can reduce pressure on government to pay out as much social welfare…
True
False
22
You get paid an income for work…
True
False
23
“Automation” is a terms used when human jobs are lost due to advancements in technology
False
True
24
The benefits of the enterprise for our economy include…
Creates employment
All of the above
Creates tax revenue for our government
Improves standard of living
25
Extra time available for annual leave could be considered an example of BIK..
True
False
26
Choose the examples of jobs in the primary sector of the economy below…
Opticians, bankers, doctors etc.
Fishermen, miners, lumberjacks
Builders & bakers
Blue & green
27
Pick the odd one out
Product placement
Discounts
Merchandising
Endorsement
28
Trade Unions are…
All of the above
Organisations that aim to protect members in a certain industry
People to come together to trade goods
Groups of people working in carpentry, welding, plumbing, construction etc.
29
Volunteering allows the following for the individual…
Gathering of workplace experience
Development of new skills
All of the above
Potential to get hired in the future
30
Cultural enterprises….
Are set up by the government
Provide access to visual arts
Try to address societal issues such as anti-social behaviour
Aim to make a profit
31
Gucci suits -> Brown Thomas -> Us. This channel of distribution is…
Manufacturers to wholesaler to consumer
Wholesaler to consumer to retailer
Manufacturers to retailer to consumer
Retailer to wholesaler to consumer
32
Pick the odd one out….
Flexible
Communicating
Resilient
Motivated
33
Enterprise is set up -> workers hired -> income earned -> money spent in other shops. This is an example of…
Multiplier effect
Substitution effect
Income effect
Enterprise effect
34
Being flexible means..
Entrepreneurs can outline their plans to investors clearly
Entrepreneurs are good at stretching
Entrepreneurs anticipate different business situations and have a plan B
Entrepreneurs can adapt to changing business environments
35
The maturity stage of the product life cycle is when the product reaches its peak sales …
False
True
