Question detail
CraftCrate serves small retailers while taking a loan; the case evidence includes capacity utilisation of ?3,038, sales of 463 units, and a 19% 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 labour productivity, lenders 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 efficiency and productivity as identical and ignore the effect on lenders.
- D. Choose the largest sales figure without checking costs, finance, or context.
Answer
The correct option is: Use entrepreneur to judge labour productivity, lenders impact, and the business objective in Enterprise and entrepreneurship.
Explanation
This option works because Use entrepreneur to judge labour productivity, lenders impact, and the business objective in Enterprise and entrepreneurship. The case evidence gives ?4,538, 463 units, and 19%, so the answer must explain the commercial effect rather than repeat a definition. The distractors are weaker because they confuse efficiency and productivity, miss the lenders, 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..
Related flashcards
Flashcard 1 of 5
Related practice questions
Question 1 of 5
Choose an answer, get feedback, then move sideways through the set.