Ventures and Risks
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Ventures and Risks

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Questions and Answers

Which one of these is a risk associated with starting a venture?

  • Loss of appetite
  • Loss of interest
  • Loss of sleep
  • Loss of time (correct)

    • How is a venture formed?

  • By identifying a need in the market (correct)
  • By following trends
  • By investing in existing businesses
  • By copying existing products

    • Who typically funds the early stages of a business venture?

  • Investors (correct)
  • Entrepreneurs
  • Large corporations
  • Government organizations

    • Which of the following is a characteristic of a business venture?

    <p>Entrepreneurship</p> Signup and view all the answers

    What is the goal of a venture?

    <p>To make a profit or achieve a specific objective</p> Signup and view all the answers

    Which one of these is a characteristic of goods?

    <p>Goods can be touched</p> Signup and view all the answers

    Which one of these is a characteristic of services?

    <p>Services can be sold using a variety of methods</p> Signup and view all the answers

    What should an entrepreneur who decides to sell products consider?

    <p>Methods of selling goods</p> Signup and view all the answers

    Which one of these is a method of selling goods?

    <p>Manufacturing goods</p> Signup and view all the answers

    Which one of these is a method of selling services?

    <p>Providing assistance</p> Signup and view all the answers

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