Business Unit 1 Setting up a Business

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1. what should be considered when locating a firm?

  • location of : suppliers, customers, competition, communication
  • the price of air
  • the price of music on iTunes
  • location of : animals (farms), suppliers, band member's houses
  • location of : Walt Disney's body, customers, roads
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2. correct spelling?

  • entrupeneur
  • entruprenuer
  • entrepreneur
  • entreprener

3. what qualities are entrepreneurs likely to have?

  • able to take this exam for me, willing to take this exam for me, oh god help
  • motivated, smart, skilled factory worker, that one guy no one knows the name of from NIrvana
  • able to take calculated risks, driven, motivated/ able to motivate
  • nice hair, singer, works in school

4. section in a business plan:

  • credit card numbers
  • Nirvana
  • rocket parts
  • mission statment
  • paypal password

5. a stakeholder is:

  • anyone with a stake in the business
  • vampire killers
  • anyone that can cook steaks
  • someone that holds steaks


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