A/AS Level Business Studies -
Chapter 1 – Enterprise Questions
and Answers
ConsumerBgoodsB-
BAnswerBtheBphysicalBandBtangibleBgoodsBsoldBtoBtheBgeneralBpublic,Be.g.Bcars,Bfood
BandBdrinks,BwashingBmachines
ConsumerBservicesB-BAnswerBtheBnon-
tangibleBproductsBsoldBtoBtheBgeneralBpublic,Be.g.BinsuranceBservicesBandBhotelBacco
modation
CapitalBgoodsB-
BAnswerBtheBphysicalBgoodsBusedBbyBindustryBtoBaidBinBtheBproductionBofBotherBgo
odsBandBservices,BsuchBasBmachinesBandBcommercialBvehicles
AddedBvalueB-
BAnswerBtheBdifferenceBbetweenBtheBcostBofBpurchasingBrawBmaterialsBandBtheBpric
eBtheBfinishedBgoodsBareBsoldBfor
EntrepreneurB-
BAnswerBsomeoneBwhoBtakesBtheBfinancialBriskBofBstartingBandBmanagingBaBnewBve
nture
SocialBenterpriseB-
BAnswerBaBbusinessBwithBmainlyBsocialBobjectivesBthatBreinvestsBmostBofBitsBprofitsBi
ntoBbenefitingBsocietyBratherBthanBmaximizingBreturnsBtoBowners
TripleBbottomBlineB-
BAnswerBtheBthreeBobjectivesBofBsocialBenterprises:Beconomic,BsocialBandBenvironmen
tal
Chapter 1 – Enterprise Questions
and Answers
ConsumerBgoodsB-
BAnswerBtheBphysicalBandBtangibleBgoodsBsoldBtoBtheBgeneralBpublic,Be.g.Bcars,Bfood
BandBdrinks,BwashingBmachines
ConsumerBservicesB-BAnswerBtheBnon-
tangibleBproductsBsoldBtoBtheBgeneralBpublic,Be.g.BinsuranceBservicesBandBhotelBacco
modation
CapitalBgoodsB-
BAnswerBtheBphysicalBgoodsBusedBbyBindustryBtoBaidBinBtheBproductionBofBotherBgo
odsBandBservices,BsuchBasBmachinesBandBcommercialBvehicles
AddedBvalueB-
BAnswerBtheBdifferenceBbetweenBtheBcostBofBpurchasingBrawBmaterialsBandBtheBpric
eBtheBfinishedBgoodsBareBsoldBfor
EntrepreneurB-
BAnswerBsomeoneBwhoBtakesBtheBfinancialBriskBofBstartingBandBmanagingBaBnewBve
nture
SocialBenterpriseB-
BAnswerBaBbusinessBwithBmainlyBsocialBobjectivesBthatBreinvestsBmostBofBitsBprofitsBi
ntoBbenefitingBsocietyBratherBthanBmaximizingBreturnsBtoBowners
TripleBbottomBlineB-
BAnswerBtheBthreeBobjectivesBofBsocialBenterprises:Beconomic,BsocialBandBenvironmen
tal