Which of the following is always a problem for new enterprises?
Motivation
Planning
Competition
Commitment
Business have many other needs before they can successfully produce the goods and services demanded by:
Producers
Consumers
Labourers
Debtors
The long term strength of the business will depend on:
Encouraging customers to return to purchase products
Lack of sufficient own finance
Lack of awareness of the financial support
Small budget market research
Social enterprises compete with other business in the:
Same market or industry
Different market or industry
Same market or agricultural sector
Commercial sector
A business with mainly social objectives that reinvest most of its profits into benefiting society rather than maximizing returns to owners, is termed:
Business enterprise
Economic enterprise
Social enterprise
Cultural enterprise
How many objectives are there for a social enterprise?
Two
Three
Four
Five
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
Industrialisation is the term used to describe the growing importance of the:
Primary sector
Secondary sector
Tertiary sector
Quaternary sector
What are the factors of production?
Land, labour and enterprise
Land and capital
Land, capital and enterprise
Land, labour, capital and enterprise
Who has an idea for a new business?
Producer
Consumer
Entrepreneur
Creditor