I don't have a revision list, but I suggest looking on Quizlet (the app.)
3. A.
A great business starts with a great idea of what one can do to produce wealth. One will have to build on this idea and put in all appropriate resources in order to make the business works.
4. A
The price want has to pay for predictability is long hours; long hours have to be spent to predict how things are going to work out.
5. C
One of the advantages of having one's own business is the profit one is going to realize from the business.
9. C
The most likely reason for decrease in order is competition. Probably other companies have started up which produce exactly the product that you offer.
10. A.
About 50% of all business start ups failed in their first or second year in business, only about 50% make it through the first two years.
11. C
The best way to avoid cash flow problem is to downsize. Look for various means of cutting costs in order improve cash flow in the company system.
12. D
Most new business owners set unrealistic goals which can not be achieved and when they are unable to achieve the goals they become discourage, some to the extent of stopping their businesses.
15. A
To re-invent the wheel means to been wasting your time creating what is already in existence. If you start a new business, that means you are not wasting your time re-inventing the wheel.
16. C
When you buy franchise, you still have to put in some works before the franchise get to the final consumers, the money you used for these activities may be very large at times, more than expected.
