Entrepreneurship for the Consumer is one of 8 topics in the Grade 12 Consumer Studies CAPS syllabus, covered across 3 lessons on Study Vault. Below are real practice questions from this topic with full worked answers.
Sample practice questions
Easy
1. A viable business idea should primarily be grounded in:
Genuine market demand, solving a real problem or need for potential customers
Personal interest alone, regardless of whether customers would pay for it
The lowest possible startup cost, regardless of customer demand
Copying a competitor exactly, with no differentiation
Answer: Genuine market demand, solving a real problem or need for potential customers — A viable business idea must be grounded in real market demand, addressing an actual problem or need that customers are willing to pay to have solved.
Easy
2. Which of the following is an example of a clothing-related small business opportunity mentioned in this lesson?
A garment alteration and repair service
A home safety inspection service
A healthy school lunchbox service
A spice production business
Answer: A garment alteration and repair service — A garment alteration and repair service is an example of a clothing content area business opportunity in Consumer Studies entrepreneurship.
Medium
3. Name the four-letter abbreviation for the analysis tool used to assess strengths, weaknesses, opportunities and threats before starting a business.
Answer: SWOT — A SWOT analysis assesses Strengths, Weaknesses, Opportunities and Threats, helping an entrepreneur evaluate a business idea before committing resources.
