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
- A. Use risk, innovation, entrepreneur to judge supplier lead time, customers impact, and the business objective in Enterprise and entrepreneurship.
- B. Give only a definition of The purpose and nature of businesses without using the case evidence.
- C. Treat margin and markup as identical and ignore the effect on customers.
- 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..
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