Who has an idea for a new business?
Producer
Consumer
Entrepreneur
Creditor
Who decides on the business idea or opportunity?
Shareholder
The starting and managing of a successful business and aiding in the development of useful skills is termed as:
Economic development
Economic growth
Personal development
Global development
What are the factors of production?
Land, labour and enterprise
Land and capital
Land, capital and enterprise
Land, labour, capital and enterprise
Who will have to make the product, promote it, sell it and count the money?
Which of the following is one of the key objectives of all business?
Added value
Competition
Both 1 & 2
Service
Social enterprises compete with other business in the:
Same market or industry
Different market or industry
Same market or agricultural sector
Commercial sector
The ownership of companies is divided into small units called:
Shares
Dividends
Profits
Debentures
The value added by the business, other costs have to be paid, such as labour and rent value added is not the same as:
Profit
Loss
Revenue
In order to see results, entrepreneurs must be willing to take:
Risk
Motivation
Planning
Obligation
