Entrepreneurship
Answers are for parents and teachers.
1
Write down three entrepreneurial activities in your district (for example a bakery, a wholesale shop, an insurance agency) and assign each to one of the four types.
The answer depends on the examples; e.g. a bakery is production, a wholesale shop is trade, an insurance agency is insurance.
2
Write three qualities you think an entrepreneur should have and justify each in one sentence.
For example: initiative — sees a new opportunity first; responsibility — meets duties to lenders and staff; honesty — obeys the law and earns long-term trust.
3
A shopkeeper bought 50 pens at 2 000 so‘m and sold them at 2 800 so‘m. How many so‘m came from the price difference in total?
40000
4
What sections does a business plan contain? Name at least four.
a short description of the firm; description of the product or service; organisation and management of production; costs, revenue and profit; market analysis; conclusions
5
Why does a bank ask a loan applicant for a business plan? Write 2–3 sentences.
The bank must be confident the money will come back; the plan shows income, costs and risk, so it helps the bank decide whether to lend.