Considerations for Starting Up a Business Venture (Grade 11 NSC Matric Business Studies): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What percentage of all startups fail?
What percentage of all startups fail?
90%
What does organisational culture refer to?
What does organisational culture refer to?
The personality of a company
Which factor causes environmental changes in business?
Which factor causes environmental changes in business?
Economic fluctuations
What must entrepreneurs do to provide good customer service?
What must entrepreneurs do to provide good customer service?
Identify potential customers early
What problem can growing a business too quickly cause?
What problem can growing a business too quickly cause?
Lack of infrastructure
Which is an effective cost-saving strategy?
Which is an effective cost-saving strategy?
Joint advertising campaigns
What is a strategy in business?
What is a strategy in business?
A plan of action for achieving goals
What do operations involve in a business?
What do operations involve in a business?
Implementing activities from action plan
What does productivity measure?
What does productivity measure?
Converting inputs into outputs
What principle applies to business size?
What principle applies to business size?
Bigger isn't always better