Topic Five (1.5): Consolidation

Introduction Icon.png Introduction

This topic is designed for you to review, and reflect on, what you have learnt in this module. The tasks below will help develop the links you make between ideas and will provide important knowledge or analysis that will aid you in the assignments and exams.

Consolidate Icon.png Consolidate

  • Review pages 3 to 31 in the textbook, and the notes you have made for this module.
  • Looking back over the previous topics, make sure you can answer the following questions:
    1. Explain the difference between enterprise and an enterprise.
    2. Define ‘entrepreneur’ and ‘intrapreneur’.
    3. What is meant by ‘added value’ and ‘adding value’?
    4. Define ‘opportunity cost’.
    5. Explain why new businesses often fail.
    6. What is a business plan?
    7. Why is a franchise not a type of business structure?
    8. What is a social enterprise?
    9. What is the difference between unlimited liability and limited liability?
    10. What is a public corporation?

Quiz Understand Icon.png Quiz

Complete the end-of-module quiz to test what you have learnt so far in this module. You can take this quiz as many times as you like. 

COMPLETE – Quiz 01

Worksheet Icon.png Assignment

When you have completed all the activities and are fully prepared and feel confident with the material, you should complete Assignment One and submit it to your tutor via Canvas for marking and feedback.