Question detail
BeanBarn serves online shoppers while training staff; the case evidence includes customer retention of ?5,161, sales of 761 units, and a 44% 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 average order value, local community 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 fixed and variable costs as identical and ignore the effect on local community.
- D. Choose the largest sales figure without checking costs, finance, or context.
Answer
The correct option is: Use risk, innovation, entrepreneur to judge average order value, local community impact, and the business objective in Enterprise and entrepreneurship.
Explanation
This is the best-supported choice because Use risk, innovation, entrepreneur to judge average order value, local community impact, and the business objective in Enterprise and entrepreneurship. The case evidence gives ?6,661, 761 units, and 44%, so the answer must explain the commercial effect rather than repeat a definition. The distractors are weaker because they confuse fixed and variable costs, miss the local community, 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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