Possible Questions Flashcards by Bailey Dilkes | Brainscape

Q

State two aims of a new start up business.

A

Survival.
Profit Maximisation.

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Q

Define the term ‘entrepreneur’.

A

A person who sets up a business or businesses, taking on financial risks in the hope of profit.

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Q

Explain how a business’ objectives may have changed since starting out.

A

Now instead of wanting to survive, the business is trying to increase profit and market share.

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Q

Analyse how a business decision may impact on two stakeholders.

A

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Q

Analyse two benefits of being a Public Limited Company.

A

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Q

Evaluate the effectiveness of a business plan.

A

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