Question detail

PixelPrint serves repeat customers while raising prices; the case evidence includes unit contribution of ?7,092, sales of 382 units, and a 33% change in costs or demand. Which option best applies Outline entrepreneur characteristics such as hard work, innovation, organisation and willingness to take risks?

Try the question, check the answer, then read the explanation to understand the curriculum point.

At a glance

MCQ

Type

practice

Style

Topic

The purpose and nature of businesses

Question

  1. A. Use risk, innovation, entrepreneur to judge supplier lead time, customers impact, and the business objective in Enterprise and entrepreneurship.
  2. B. Give only a definition of The purpose and nature of businesses without using the case evidence.
  3. C. Treat margin and markup as identical and ignore the effect on customers.
  4. D. Choose the largest sales figure without checking costs, finance, or context.

Answer

The correct option is: Use risk, innovation, entrepreneur to judge supplier lead time, customers impact, and the business objective in Enterprise and entrepreneurship.

Explanation

The option is correct because Use risk, innovation, entrepreneur to judge supplier lead time, customers impact, and the business objective in Enterprise and entrepreneurship. The case evidence gives ?8,592, 382 units, and 33%, so the answer must explain the commercial effect rather than repeat a definition. The distractors are weaker because they confuse margin and markup, miss the customers, or ignore the business objective.

Common mistake

Enterprise and entrepreneurship common mistake 1

Giving a vague answer instead of directly addressing: Outline entrepreneur characteristics such as hard work, innovation, organisation and willingness to take risks..

Answer by clearly explaining how to outline entrepreneur characteristics such as hard work, innovation, organisation and willingness to take risks..

Related flashcards

Flashcard 1 of 5

Press Space to flip, arrows to move

Related practice questions

Question 1 of 5

Choose an answer, get feedback, then move sideways through the set.

0 of 4 attempted