1) A person who takes the risk of starting and running a business enterprise. a) Markets b) Characteristics of an entrepreneur c) Spotting an opportunity d) Entrepreneur 2) The ability to see the need for a particular product or service customers need. a) Rewards b) Operate c) Entrepreneur d) Spotting an opportunity 3) The features of an entrepreneur, which include being determined, creative and having the ability and confidence to take risks. a) Business plan b) Finance c) Resources d) Characteristics of an entrepreneur 4) The benefits an entrepreneur receives from starting up and running a business. They may be financial or non-financial. a) Rewards b) Resources c) Entrepreneur d) Aims and objectives 5) The possible losses that an entrepreneur may suffer from starting up and running a business. a) Resources b) Risks c) Entrepreneur d) Markets 6) The things a business needs to make it work, including staff and materials. a) Entrepreneur b) Risks c) Rewards d) Resources 7) Statements of what the business is trying to achieve, such as grow larger or make a profit. a) Markets b) Characteristics of an entrepreneur c) Aims and objectives d) Risks 8) Where a business sells its goods or services. a) Rewards b) Operate c) Markets d) Entrepreneur 9) A business word used instead of money. The finance needed to start a business is the money required to buy the resources needed. a) Resources b) Finance c) Operate d) Business plan 10) A simple plan which sets out details of the product or service being sold and how it will be financed, marketed and details of market research findings. a) Business plan b) Operate c) Rewards d) Entrepreneur 11) A term used to explain how a business works. a) Markets b) Finance c) Resources d) Operate

1.1 Role of business enterprise and entrepreneurship AND 1.2 Business activity (Quiz)

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