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Business Enterprise and Value
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Business Enterprise and Value
📚 Part 1: Multiple Choice
1. What is the primary purpose of business activity?
To make entrepreneurs famous
To produce goods or services and meet customer needs
To employ as many people as possible
To compete with other businesses
2. Which of the following are key roles of an entrepreneur? (Select all that apply)
Organising resources
Making business decisions
Taking risks
Guaranteeing profits
3. Which company is best known for adding value through branding and design?
Tesco
Apple
Royal Mail
British Gas
4. What does USP stand for in business?
Universal Sales Point
Unique Selling Point
Ultimate Service Provider
Uniform Standard Product
✏️ Part 2: Short Answers
5. List three ways businesses can add value to their products or services:
a) _________________________
b) _________________________
c) _________________________
6. Explain what risks an entrepreneur might face when starting a new business:
7. Give an example of a local business and describe how it meets customer needs:
8. Complete the sentence: Adding value helps businesses because it allows them to _____________ and makes customers more likely to _____________.
🎯 Part 3: Business Analysis
9. Choose a business you know well (e.g., McDonald's, Amazon, Netflix). Complete the analysis below:
Business name: _________________________
What goods/services do they provide?
How do they add value? (Give at least two examples)
10. Reflection: Why is entrepreneurship important for the UK economy?
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