Question detail
CraftCrate serves premium buyers while launching a product; the case evidence includes labour productivity of ?8,299, sales of 159 units, and a 30% change in costs or demand. Which option best applies Outline entrepreneur objectives including independence, flexible working, pursuing interests, earning more money, identifying a market gap and dissatisfaction with employment?
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 entrepreneur to judge break-even output, employees 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 employees.
- D. Choose the largest sales figure without checking costs, finance, or context.
Answer
The correct option is: Use entrepreneur to judge break-even output, employees impact, and the business objective in Enterprise and entrepreneurship.
Explanation
This is the best-supported choice because Use entrepreneur to judge break-even output, employees impact, and the business objective in Enterprise and entrepreneurship. The case evidence gives ?9,799, 159 units, and 30%, 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 employees, or ignore the business objective.
Common mistake
Enterprise and entrepreneurship common mistake 1
Giving a vague answer instead of directly addressing: Outline entrepreneur objectives including independence, flexible working, pursuing interests, earning more money, identifying a market gap and dissatisfaction with employment..
Answer by clearly explaining how to outline entrepreneur objectives including independence, flexible working, pursuing interests, earning more money, identifying a market gap and dissatisfaction with employment..
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