IGCSE Enterprise 0454/11 Paper 1 Quiz
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Questions and Answers

What is the main issue faced by Virgil and Rinsola's factory?

  • Lack of demand for their clothing products
  • Inability to find retailers to sell their clothing to
  • Lack of innovation leading to difficulty in making a profit (correct)
  • High production costs resulting in low profit margins

    • Why are Virgil and Rinsola considering selling the factory?

  • Lack of demand for their clothing products
  • Legal issues with the factory
  • High production costs
  • Inability to improve profits (correct)

    • What is Rinsola's idea for improving the factory's profits?

  • Printing clothing with the soccer team's logo (correct)
  • Expanding the factory's production capacity
  • Investing in new machinery for the factory
  • Selling the factory to stakeholders

    • Why do Virgil and Rinsola believe that selling the factory would have negative consequences?

    <p>Negative impact on stakeholders</p> Signup and view all the answers

    What is the current state of the factory's profitability?

    <p>Struggling to make a profit due to lack of innovation</p> Signup and view all the answers

    What are the potential consequences for stakeholders if Virgil and Rinsola sell the factory?

    <p>If Virgil and Rinsola sell the factory, stakeholders may face negative consequences such as loss of employment, financial instability, and impact on the local economy.</p> Signup and view all the answers

    How does the lack of innovation impact the factory's profitability?

    <p>The lack of innovation makes it difficult for the factory to attract new customers, retain existing ones, and stay competitive in the market, leading to a decline in profitability.</p> Signup and view all the answers

    What type of clothing does the factory produce and sell to retailers?

    <p>The factory produces and sells clothing, potentially including items such as t-shirts, jerseys, and other apparel, to retailers.</p> Signup and view all the answers

    What inspired Rinsola's idea for improving the factory's profits?

    <p>Rinsola was inspired by seeing people wearing clothing printed with their soccer team's logo during a game, leading her to consider incorporating similar branding or customization into the factory's products.</p> Signup and view all the answers

    What is the potential outcome if Virgil and Rinsola cannot find a way to improve the factory's profits?

    <p>If Virgil and Rinsola cannot improve the factory's profits, they may be forced to sell the factory, which could have negative consequences for stakeholders and the local community.</p> Signup and view all the answers

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