Question detail
MetroMove serves premium buyers while launching a product; the case evidence includes labour productivity of ?11,184, sales of 959 units, and a 25% 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 unit contribution, managers 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 internal and external finance as identical and ignore the effect on managers.
- D. Choose the largest sales figure without checking costs, finance, or context.
Answer
The correct option is: Use risk, innovation, entrepreneur to judge unit contribution, managers impact, and the business objective in Enterprise and entrepreneurship.
Explanation
The option is correct because Use risk, innovation, entrepreneur to judge unit contribution, managers impact, and the business objective in Enterprise and entrepreneurship. The case evidence gives ?12,684, 959 units, and 25%, so the answer must explain the commercial effect rather than repeat a definition. The distractors are weaker because they confuse internal and external finance, miss the managers, 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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