Question

Choose the best answer for each question.
What is the main goal of most businesses?


a) To make friends


b) To make a profit


c) To travel


d) To spend money


An entrepreneur is:


a) A person who invests in real estate


b) A person who copies other businesses


c) A person who starts and runs a business


d) A person who only works for others


What does "innovation" mean?


a) Starting a fight


b) Making something better or new


c) Selling old products


d) Watching a tutorial


What is a target market?


a) A supermarket


b) The location of your store


c) The people you want to sell your product to


d) Your competitors


What is profit?


a) Total expenses


b) Total income


c) Money left after expenses are paid


d) Cost of the product


Which of the following is a business expense?


a) Customer happiness


b) Materials used for production


c) Net profit


d) Number of customers


What is a product?


a) A service you provide


b) A website


c) A physical item you sell


d) The store location


What is the meaning of “branding”?


a) Selling only online


b) Creating a name, logo, and identity for your product


c) Making money quickly


d) Advertising on TV


What is a “cost price”?


a) The price customers pay


b) The price you want to sell for


c) The amount it costs you to make or buy the product


d) The amount you earn


What is a “break-even point”?


a) When you make no profit or loss


b) When you sell everything


c) When you go bankrupt


d) When you double your profit


What is a service?


a) A tangible product


b) A physical item


c) Work done for someone


d) Something you eat


Why is teamwork important in enterprise?


a) So you don’t have to do anything


b) It helps share skills and responsibilities


c) To blame others


d) To avoid communication


What does "supply" mean?


a) How much people want a product


b) How many people know about your business


c) How much of a product is available


d) What price people pay


What happens when demand is high but supply is low?


a) Prices stay the same


b) Prices go down


c) Prices go up


d) No one buys anything


Which of the following shows good customer service?


a) Ignoring customers


b) Being polite and helpful


c) Only taking cash


d) Arguing with the customer

Answer 1

Here are the best answers for each question:

1. What is the main goal of most businesses?
b) To make a profit

2. An entrepreneur is:
c) A person who starts and runs a business

3. What does "innovation" mean?
b) Making something better or new

4. What is a target market?
c) The people you want to sell your product to

5. What is profit?
c) Money left after expenses are paid

6. Which of the following is a business expense?
b) Materials used for production

7. What is a product?
c) A physical item you sell

8. What is the meaning of “branding”?
b) Creating a name, logo, and identity for your product

9. What is a “cost price”?
c) The amount it costs you to make or buy the product

10. What is a “break-even point”?
a) When you make no profit or loss

11. What is a service?
c) Work done for someone

12. Why is teamwork important in enterprise?
b) It helps share skills and responsibilities

13. What does "supply" mean?
c) How much of a product is available

14. What happens when demand is high but supply is low?
c) Prices go up

15. Which of the following shows good customer service?
b) Being polite and helpful