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Business · Module 1

Business Foundations

Lessons
8 lessons
Assessment
Module quiz included

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Lessons

Lesson 1 · 12 min

What Is a Business?

Lesson 2 · 13 min

Value Creation

Lesson 3 · 14 min

Business Models

Lesson 4 · 14 min

Customers and Markets

Lesson 5 · 14 min

Revenue, Cost and Profit

Lesson 6 · 13 min

Competition

Lesson 7 · 14 min

Measuring Success

Lesson 8 · 13 min

Business in Everyday Life

Check your understanding

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Business Foundations Module Quiz

8 questions · pass mark 80%

  1. 1.Which best describes what a business is?
  2. 2.A customer buys a 5mm drill bit. What are they actually buying?
  3. 3.What does a business model describe?
  4. 4.Why do businesses divide a broad market into segments?
  5. 5.A company earns $500,000 in revenue and consumes $420,000 in costs. What is its profit?
  6. 6.What effect does competition tend to have on a market?
  7. 7.Why do healthy businesses measure performance with indicators rather than relying on intuition?
  8. 8.Pick any business you used this week. In one sentence each, name its customer, the problem it solves, and how it earns revenue.
Answer every question to submit.