10697260
Description
Quiz by Alex Pederson, updated more than 1 year ago
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Created by Alex Pederson
over 6 years ago
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Question 1
Question
What is a Mortgage?
Answer
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Money you have to buy a house
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Money you have to rent a house
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Loans from the bank that are used to buy land or buildings
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Loans from the bank that you spend on your life needs
Question 2
Question
What are profits?
Answer
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Left over money from your pocket money
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The amount by which a business's revenue from all its sales exceeds its costs
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An amount of money that you earn and then spend on resources
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Left over tips
Question 3
Question
An objective is a target that is set for a business to achieve
Answer
- True
- False
Question 4
Question
What is a Risk?
Answer
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The possibility of something going wrong
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Where something has gone wrong
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The possibility of something going right
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Where something has gone right
Question 5
Question
What is a Market Segmentation?
Answer
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A group of people that have meeting about a business market
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A group of similar needs within the overall market
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A group that has a business idea and wants to share
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A group of business people who search around for a place in the market
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