Investigating Small Business (Enterprise and Entrepreneurship)

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1. Which of the following best defines the role of an entrepreneur?

  • Someone who runs a business while the owner is away on holiday
  • Someone who enjoys working in the service sector
  • Someone who owns and runs their own business and takes risks
  • Someone who wants to avoid paying income tax
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Other questions in this quiz

2. Which one of the following is the purpose of a business?

  • To produce goods and services
  • To only work for the government
  • To minimise profit
  • To meet the needs of suppliers

3. Which one of the following is most likely to be a customer for a marketing agency that produces brochures for tour operators?

  • The general public
  • The business that supplies the agency with paper
  • A business selling adventure holidays in Africa
  • The public sector

4. Which one of the following is a reason for a product to become obsolete?

  • An accessory for the product is introduced
  • The product is unique
  • New technology is introduced
  • The product breaks

5. Which one of the following is a factor that could increase the level of risk in a business?

  • Having low fixed costs
  • Employing a large number of employees
  • Seasonal demand
  • Having a large target market

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