Question 1
1 markIn the context of business enterprise, what is the primary purpose of a business plan when presented to a potential lender?
Cambridge International A Level · Business (9609)
Enterprise: Practice Questions
5 multiple-choice questions marked as you go, and 5 written questions with worked solutions. All on Enterprise.
10 questions25 marksFree, no account
Question 2
1 markAn entrepreneur launches a tech startup, but after three months, a sudden change in government regulation makes their primary product illegal. The entrepreneur immediately uses their remaining capital to re-engineer the product to comply with the new law.
Which quality of an entrepreneur is most clearly demonstrated in this scenario?
Question 3
1 markWhich of the following would be considered an internal barrier to entrepreneurship for a person attempting to start a new retail business?
Question 4
1 markA detailed business plan includes a sales forecast based on previous market trends. However, a sudden, unpredictable shift in consumer fashion preferences makes the forecast inaccurate within weeks.
This scenario best highlights which limitation of business plans in a dynamic business environment?
Question 5
1 markA manufacturing firm is considering whether to invest its limited capital into a new automated assembly line or a national marketing campaign.
What is the nature of economic activity demonstrated in this scenario?
Question 6
2 marksIdentify the factor of production that consists of all natural resources, such as water, minerals, and the land itself, used by an agricultural business to produce crops.
Write your answer out first, then check it against the worked solution.
Question 7
2 marksIdentify the four factors of production required for a startup furniture manufacturing business to begin economic activity.
Write your answer out first, then check it against the worked solution.
Question 8
6 marksAnalyse why the limitations of a formal business plan might be more significant for an intrapreneurial project within a large bureaucratic hierarchy compared to an independent new venture.
Write your answer out first, then check it against the worked solution.
Question 9
4 marksEnterprise plays a vital role in the economy.
(a) Identify two reasons why a new business might fail within its first year.
(b) Explain the difference between a local business and a national business.
Write your answer out first, then check it against the worked solution.
Question 10
6 marksA government decides to reduce the barriers to entrepreneurship by providing low-interest grants to individuals starting businesses in the technology sector.
(a) Identify two common barriers to entrepreneurship.
(b) Analyse how the role of business enterprise contributes to the overall development of a country.
Write your answer out first, then check it against the worked solution.
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