Business Start-ups and Entrepreneurship Quiz

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5 Questions

What is an organisation?

A group of people working together to achieve a common goal

What are goods and services?

Goods are tangible items and services are tasks done for us

What are the factors of production required to achieve business objectives?

Land, labor, capital, and enterprise

What is the main purpose of business objectives?

To achieve profit maximization, survival, growth, and social responsibility

What does the term 'enterprise' refer to in the context of business?

The entity that combines the factors of production to produce goods and services

Test your knowledge of business start-ups and entrepreneurs with this quiz covering topics such as the definition of an organization and business activity. Challenge yourself with questions related to common goals and ways of carrying them out, as well as the provision of goods and services to satisfy consumer wants.

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