Entrepreneurship - Chapter 6

All businesses go through life cycles of launch, development, growth, maturity and decline
1. True
2. False
How many businesses in Europe can be classified as ‘large’ (i.e. over 250 employees)?
1. 4 million
2. 400,000
3. c.40,000
Which of the following factors CANNOT be positively linked to high growth firms?
1. The entrepreneur & the enterprise
2. The strategy
3. The business environment
4. The government
What percentage of the business population normally close down every year in the UK?
1. 10%
2. 5%
3. 20%
4. 15%
What percentage of firms are still trading after 3 years in the UK
1. 25%
2. 45%
3. 65%
4. 75%
What percentage of businesses that close, re-open again in a different form?
1. 7%
2. 17%
3. 27%
4. 37%
What percentage of businesses that close, do so through insolvency?
1. 48%
2. 38%
3. 28%
4. 18%
What percentage of owners that exit from a business, retire?
1. 9%
2. 19%
3. 29%
4. 39%
What percentage of owners that exit from a business, continue as a business owner?
1. 42%
2. 52%
3. 62%
4. 72%
What percentage of business owners have a negative financial outcome from one business venture that closes, yet remain positive about, and want to go back into business ownership
1. 25%
2. 35%
3. 45%
4. 55%