Business Economics Lecture 1 unit 3 paper 2 || COMMERCE NTA NET JUNE 2019 ||

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Business Studies A Levels; Unit 1.1 Enterprise

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Business Studies for A Levels by HeadStart Online
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Not for sale or official release
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Unit 1: Business and its Environment
Sub Unit 1: Enterprise

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Homework Questions
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At the end of this lesson, please complete the following questions, and submit them to info.headstartonline@gmail.com for review. Write your name and “BSA Unit 1.1” in the title of the email.

Q1: Define the term ‘added value’.

Q2: Explain how a supermarket could add value to their food and other stock.

Q3: List 3 Factors of Production (Needs) that a new hair dressing business will require.

Q4: List 3 characteristics of an entrepreneur.

Q5: What is meant by the term Triple Bottom Line?

Q6: Using the example of a small business you know of, explain 3 problems the owners faced and how they over came them.

Q7: List 3 qualities of a successful entrepreneur and briefly explain why they are important.

Q8: What is a business? Use an example to illustrate the functions of a business you know.

Q9: Outline the main benefits to the economy of your country of an increase in the number of new business startups made by entrepreneurs.
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