Question 1: Define what an enterprise is in your own words.

Answer: An enterprise is a business or project that aims to make a profit or achieve a specific goal by providing goods or services.

Question 2: Name three different types of enterprises that people might start.

Answer: Examples include a bakery, a pet grooming service, and a clothing shop.

Question 3: List the key steps involved in planning a new enterprise.

Answer: Identifying a need or idea, researching the market, creating a business plan, setting a budget, and deciding on a location.

Question 4: Imagine you want to start a lemonade stand. Draw a simple plan of your stand including the location, supplies needed, and how you will attract customers.

Answer: A sketch showing a stand with a sign, cups, a table, and a customer area. Labels should include 'location', 'supplies', and 'attracting customers'.

Question 5: Why is it important to research the market before starting an enterprise?

Answer: To understand if there is demand for your product or service, to find out about competitors, and to identify potential customers.

Question 6: Describe what a target audience is and why it is important in planning an enterprise.

Answer: A target audience is the specific group of people who are most likely to buy your product or service. Knowing this helps you tailor your marketing and offerings to meet their needs.

Question 7: Sketch a basic logo for a new flower shop called 'Bloom Boutique'.

Answer: A simple design featuring a flower or plant with the shop name in attractive lettering. The logo should be clear and memorable.

Question 8: Identify two potential challenges you might face when starting an enterprise and suggest how to overcome them.

Answer: Challenges could include lack of funding and low customer interest. Overcome these by saving money or seeking small loans, and by promoting your enterprise through flyers and social media.

Question 9: Explain the importance of setting a budget when planning an enterprise.

Answer: A budget helps manage spending, ensures you do not run out of money, and allows you to plan for expenses and profits.

Question 10: Sketch a simple advertisement for your enterprise that would attract customers.

Answer: A drawing featuring bold text, bright colours, and a clear message about what your enterprise offers. Include a catchy slogan or special offer if possible.