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25
×
Name 3 skills that a successful entrepreneur often has.
Any 3 of: planning, organising, managing money, problem-solving, generating ideas, conflict resolution, team-building skills, leadership skills, creative
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20
×
What is this? - A cost that does not change no matter how many items are made.
Fixed cost
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eraser
Reset score!
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fairy
Take points!
5
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15
20
25
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shark
Other team loses 20 points!
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thief
Give points!
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25
20
×
Give one example of a variable cost.
answers will vary
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20
×
What is a budget?
It is a plan of how much money you expect to receive and how you expect to spend the money.
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20
×
What is this? - A cost that increases or decreases depending on how many items are made.
Variable cost
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20
×
Are opportunities and threats internal or external factors?
External factors
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10
×
What is starting capital?
The money needed to start the business.
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20
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Why is it important for an entrepreneur to identify the needs and wants of consumers?
It is the first step in finding an idea for a product or service as we need to ensure that we have a market for our goods or services.
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thief
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25
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star
Double points!
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fairy
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20
25
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thief
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25
15
×
What does the "S" and "W" in SWOT analysis stand for?
Strengths and weaknesses
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10
×
Did you enjoy your entrepreneurs' day? Why/Why not?
answers will vary
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20
×
When it comes to selling goods and services, what do we want to maximise and what do we want to minimise?
Maximise income and minimise expenses
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seesaw
Swap points!
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gift
Win 10 points!
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shark
Other team loses 15 points!
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thief
Give points!
5
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15
20
25
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boom
Lose 50 points!
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fairy
Take points!
5
10
15
20
25
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gift
Win 25 points!
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baam
Lose 25 points!
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20
×
Give one example of a fixed cost.
answers will vary
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