1&2BM U1AoS1 MC quiz
Authored by Alessio Conte
Business
11th Grade
Used 10+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following are sources of business opportunities for business ideas:
Innovation and entrepreneurship
Global markets and technological development
Changing customer needs
All of the above
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which is NOT considered an innovation:
Process of creating a new good, service or process
Ability/willingness to start a new business venture
Significantly improving an existing good, service or process
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A person who is willing to seize opportunities to start and operate a business, and is prepared to take risks in the hope of making a profit is called...
An innovator
An entrepreneur
A businessman
A business owner
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Invention refers to the development of
an existing idea/product/process
a completely new idea/product/process
the alteration of out-of-date idea/product/process
an existing idea/product/idea
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Goal setting is important because
it describes what a business expects to accomplish over a set period.
it provides a clearly defined purpose for the business.
It can also allow the potential business owner to develop their ideas for a business.
All of the above.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Goods and services exchanged between businesses and customers across the world is best described as.....
Global markets
Globalisation
International markets
Offshore markets
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The desire for independence, profit and to fulfill a market need are all....
business goals
business strategies
business objectives
business motivations
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