SME's
x amount of all people in the private sector
68%
Is gender an influence for establishing an SME?
Yes
Fill the blank
A ...... statement helps a business grow and gives them something to aim for in the future and gives the business a purpose.
Vision
Why are SME failure rates so high?
Insufficient leadership and management
Inadequate market research
Poor financial management
Average Number Of people in an Australian Household
3
What is a term that refers to the record of a country's trade and financial transactions with the rest of the world?
Exports
What does PAYG stand for?
Pay As You Go
In the planning process, how many subheadings are under the point of monitoring and evaluation?
3
How many Critical issues relate to an SME's success or failure?
7
Which global consumer electronics brand’s name is derived from the Latin word for “voice”?
Sony
What is an SME
small business that employs less then 20 people
What is a franchisee?
an individual or business that purchases a franchise.
What is the formula for Break Even Analysis
Quantity = Total Fixed Costs
Unit Price - Variable Costs Per Unit
What is the purpose of a business plan?
guides you through each stage of starting and managing your business
Which Australian company is famous for its "Vegemite" brand?
Bega Cheese
what % of SMEs will fail within the 1st ten years
60%
What is Goodwill?
The momentary value attached to the reputation of a particular business.
What is the formula for Total Revenue?
Price x Quantity = Total Revenue
What is a Skills Audit?
A skills audit assesses an employee's capabilities concerning their overall role.
Name one major sponsor of the World Cup 2026
Adidas, Coca-Cola, Visa, Qatar Airways, Lenovo, Hyundai-Kia, and Aramco
What are the 4 key functions of a business?
Marketing, HR, Finance and Operations
What are the 3 establishment options?
Setting up a new business from scratch
Purchasing an existing business
Purchasing a franchise.
What is the Formula for total costs?
FC + VC = TC
What term describes the inability of a business to pay its debts on time?
Insolvency
At what age did Heath Ledger die?
28