Assessment of a Business Against the Qualities of an Entrepreneur (Grade 11 NSC Matric Business Studies): Quizzes
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Practise the questions
10 questions from this quiz
What are the three elements of the 'triple bottom line' in sustainable business?
What are the three elements of the 'triple bottom line' in sustainable business?
Profits, people, and planet
What does the term 'ethos' mean, from which the word 'ethics' originates?
What does the term 'ethos' mean, from which the word 'ethics' originates?
Character
Which qualities do good leaders bring to the workplace according to key success factors?
Which qualities do good leaders bring to the workplace according to key success factors?
Energy, enthusiasm, and urgency
What is often more critical than profitability in the short term for business survival?
What is often more critical than profitability in the short term for business survival?
Cash flow
Who started Lush cosmetics in his kitchen in the UK in 1995?
Who started Lush cosmetics in his kitchen in the UK in 1995?
Mark Constantine
Why is customer retention vital for business success?
Why is customer retention vital for business success?
It ensures continued profitability
What is described as the foundation of business profitability?
What is described as the foundation of business profitability?
Sound financial management
Why is a stable, expert workforce important for business success?
Why is a stable, expert workforce important for business success?
Recruiting new staff is expensive
What does strategic focus involve in successful businesses?
What does strategic focus involve in successful businesses?
Clear leadership and planning systems
What is Lush's annual meeting called where they review and discontinue underperforming products?
What is Lush's annual meeting called where they review and discontinue underperforming products?
Mafia Meeting