1) An entrepreneur has decided to set up a mobile hairdressing business. a) This is an example of a service b) This is an example of a limited company c) This is an example of a public services d) This business provides a product e) This a online business f) This is an example of a charity 2) Which two of the following businesses produce goods for customers to buy? a) A local Veterinary practice  b) A small producer of mountain bikes c) A petting farm   d) A local hairdressing salon e) Independent travel agent f) Swimming pool 3) Which of the following is an objective a) To be the world leader in communicatio b) Start a tutoring business that makes a profit within a year c) To be the fastest broadband service d) Tastiest sausages in the world e) Survive the worst recession f) Employ 170 people. 4) Why is planning useful? a) Stops you making mistakes b) Helps to sell shares c) Sorts out your paperwork d) Helps to clarify objectives e) Looks good f) Takes a long time 5) Private limited company is a) A company owned by private shareholders and registered at companies house b) A public company owned by shareholders on the stock exchange c) Has unlimited liability d) A person starting a business on their own e) Selling on the internet f) A business with 2-20 partners 6) What is a Sole Trader? a) An person who is willing to take a risk to start their own business b) A person starts a business on their own c) 2-20 people who start a business together d) A private company owned by shareholders e) A public company owned by shareholders on the stock exchange f) is a partnership of at least two people.

Business Aims and Objectives

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