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Business Aims and Organisation
Which of the following is an example of enterprise?
Accepting a job promotion
Starting a new job
Starting a new business
What is it important for an entrepreneur to do?
Never take risks
Use their initiative
What is innovation?
Discovering new products
Discovering new processes
Bringing a new idea to the market
How can the law protect a new business idea?
Which of the following best describes deliberate creativity?
A thinking skill
Launching a new product
Launching a new business
How can an entrepreneur create a competitive advantage?
By selling the same products as rivals
By improving customer service
By launching a new business
What is enterprise?
Who is profit paid to?
How would a drug company stop rivals from copying a new drug?
Register a patent
What would a manufacturer use to stop rivals from using their name on copied products?
A business plan