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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?

Entrepreneurship Signup and view all the answers

What is the goal of a venture?

To make a profit or achieve a specific objective Signup and view all the answers

Which one of these is a characteristic of goods?

Goods can be touched Signup and view all the answers

Which one of these is a characteristic of services?

Services can be sold using a variety of methods Signup and view all the answers

What should an entrepreneur who decides to sell products consider?

Methods of selling goods Signup and view all the answers

Which one of these is a method of selling goods?

Manufacturing goods Signup and view all the answers

Which one of these is a method of selling services?

Providing assistance Signup and view all the answers