1. Nasser is analyzing the strengths and weaknesses of his business idea. He also looks at opportunities in the market and potential threats. This analysis is called:
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Unit 7: Entrepreneurship
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2. Khalid is opening a small manufacturing unit. He purchases raw materials and pays workers daily. These are examples of:
3. Which is an advantage of being your own boss?
4. Which cost includes electricity and water bills?
5. Which skill is most important for an entrepreneur?
6. Which of the following is a fixed cost in production?
7. Ahmed is a new entrepreneur who wants to understand his customers' needs better. He conducts surveys and interviews. This is part of:
8. What is the primary goal of an entrepreneur?
9. Layla is deciding between two suppliers for her bakery. One offers cheaper flour but lower quality. Considering her business plan's quality standards, what should Layla prioritize?
10. An individual who creates a new business, bearing most of the risks and enjoying most of the rewards, is known as a(n):
11. What is the primary purpose of writing a business plan?
12. Hassan is a young entrepreneur who wants to open a car repair shop. He lists the tools and equipment he needs. In his business plan, this is part of:
13. Which of the following is a key characteristic often associated with successful entrepreneurs?
14. Market analysis helps to understand?
15. Which factor affects cost of production most?
16. A good business plan should be?
17. Saeed has a mobile phone repair business. He pays $500 monthly rent and $200 for utilities. He also spends $10 per phone on spare parts. What are his total fixed costs per month?
18. Which of the following is part of production cost?
19. Rania is planning her business's production process. She decides to produce 500 units per month to meet expected demand. This decision is part of:
20. Hanan is preparing a business plan for a tech startup. She describes the problem her product solves and the solution she offers. What section is this?