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Topic 1.1 Enterprise and entrepreneurship Flashcards | StudBud
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Topic 1.1 Enterprise and entrepreneurship
Added Value
Risks could be mimimised by
Topic 1.1 Enterprise and entrepreneurship
20 terms
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StudBud Administration
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Edexcel Business 9-1 Theme 1 topic 1.1
Flashcards
20 cards
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Practice quiz
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Questions
20
Answers
1
Risks could be mimimised by
Listening to Mrs Green
Investing all your money
Conducting research
Investing all your time
2
Added Value
Increase in a product's value as a result of producing it
The price of a product
An investment
Is a tax we pay on everything
3
An example of social media platforms
Twitter
Pinterest
Facebook
All of these
4
How do new business ideas come about
copying other business ideas
Original ideas
Original ideas & adapting existing ideas
adapting other business ideas
5
Value can be added to a product by
All of these
Quality
Branding
Convenience
6
Ordering a cab from Uber on your smartphone is an example of....
E-commerce
M-commerce
Social media
a product
7
Cash flow
This is money from a customer of your business
This is money that comes into your business
This is money going out of your business
This is money that comes in and out of your business
8
the success of Deliveroo is an example of how a business can come about due to
Products becoming obsolete
Changes in technology
Consumers wanting more products
Changes in consumer wants
9
Using the internet for buying and selling is an example of ?
Social media
E-commerce
Marketplace
m-commerce
10
The purpose of business activity is
To produce goods/services
To add value
To meet customer needs
All of these
11
USP can be
Being the first to market
All of these
Price
Quality
12
Why did new business ideas come about
All three of these
Products/services become obsolete
Change in technology
Changes in consumer wants
13
USP is
An American delivery company
Un - Serviced Product
A computer data stick
Unique selling point
14
these are examples of resources in a business
Profit
Humans
Tax
15
Which of these is an example of a business risk
Business failure
conducting research
Gaining profit
Being independant
16
The following product is now obsolete
Cassette players
CD players
Radio units
Record players
17
A reward for starting a business could be
Independance
Getting a raise
Not paying tax
Your boss may promote you
18
Which of the following Business does not provide a service
TFL
Walkers
British Airways
Manchester United
19
The role of entrepreneurship is to
All of these
Organise resources
Make business decisions
Take risks
20
Which is an example of adapting a product for a fast food restaurant
Changing the brand name of the restaurant
Making the pricing more competitive
Changing recipe to cater for a religious diet
Advertising a promotion
