A) Choosing with the advantage B) Going with the easiest option C) Going with the first option D) Choosing the best alternative
A) Strategy B) Market C) Command D) Operations
A) The Market B) Labor C) Management D) The business
A) Capture the customers interest B) Emphasize the target market C) Prepare an objectively long plan D) Always consider pitfalls
A) Cost control B) Advertising and promotion C) Pricing D) Distribution
A) New service B) Improved service C) New relationships D) New product
A) New means of production B) Improved service C) New service D) New relationships
A) An Entrepreneurs need bosses to motivate them. B) Entrepreneurs must take divided control and direct the venture towards a maximum position. C) Entrepreneurs requires specific know how in the ventures day to day operations. D) Entrepreneurs des by creating and managing organizations to give long term benefits to the investors
A) The industry B) The management C) The business D) The market
A) Countering the competition B) Meeting the competition C) Assessing the competition D) Beating the competition
A) Product strategy B) Product line C) Product segmentation D) Product mix
A) The cost of national advertising B) Strict adherence to standardized operations C) Territory limitations D) The time consumed by the management training and support the franchisor provides
A) None of these B) More job hunters choose to work for franchise firm rather that big corporations C) The mutual benefits it provides to the franchisor and franchisee D) The economic growth in the commercially developed market
A) Free from competition B) Free from standardization C) Free from government D) Free from independent business
A) Low risk B) Customer loyalty and preference C) Less advertising cost D) Controlled operations
A) Manufacturer-Retailer Franchise B) Retailer-Wholesaler Franchise C) Wholesaler-Retailer Franchise D) Manufacturer-Wholesaler Franchise
A) Lower operating cost B) Greater market penetration C) Guarantees faster expansion D) Wider brand recognition and promotion
A) Identify your customer profile B) Estimate the sales C) Determine the competitive products D) Assess the competition
A) Market analysis B) SWOT analysis C) Product analysis D) Strategic analysis
A) To determine customer preferences and minimize losses B) To discover customer comfort C) To determine customer mindset D) None of the above
A) Lower tariffs B) Integrated marketing mix C) Technological advances D) Free trade
A) They give an outlet for Entrepreneurs B) They can provide specialist support to larger companies C) They can influence the market prices and trends D) They can be innovators of new products and services
A) Both I and II B) Both I and III C) Both II and III D) Both I, II and III
A) It is a good idea for small businesses to compete solely in price. B) Selling is essentially a matching process. C) A benefit is the value of a product feature to a customer. D) Market segmentation is a useful process for small businesses to undertake.
A) Work long hours B) Risk taker C) You are the boss D) Uncertain income
A) Get absorb within non-innovative businesse B) Thrive in the market C) Not survive and disappear from the market D) Get absorb within larger innovative businesses
A) Weather conditions B) Government policies C) Consumer expenditures D) Profitability
A) All of these B) Can help demonstrate the viability of the venture C) It helps to persuade others to commit funding to the venture D) Provide a guide for business activities by defining objectives
A) Serves as a strategic plan for success B) Building a strong organizational culture C) Help motivate employees to work toward shared goals D) Helps to prioritize tasks, focus energy, and maximize impact on target customers
A) Job requirements B) Job catalogue C) Job specifications D) Job descriptions
A) Goal B) Objective C) Strategy D) Mission
A) The vision should include a brief summary of what the organization does B) The vision should elaborate a purpose for the organization C) The vision should be built on a foundation of the organization's core values and beliefs D) The vision should specify detailed and short-term goals
A) Planning can't be developed for a dynamic environment B) Planning focuses Entrepreneur's attention on tomorrow's survival but not today's competition C) Planning may create rigidity D) Planning reinforces success, which may lead to failure
A) Creating management options B) When synergy is present C) Encourage open discussion D) Understanding environment
A) Sales B) Profits C) Costs D) Turnover
A) To determine customer preferences and minimize losses B) To discover customer comfort C) To determine customer mindset D) None of these
A) Franchise B) Franchising C) Franchising contract D) Franchise buyer
A) Lower operating cost B) Wider brand recognition and promotion C) Guarantees faster expansion D) Greater market penetration
A) Controlled operations B) Low risk C) Less advertising cost D) Customer loyalty and preference
A) French Economic Age B) French Rebellion C) French Revolution D) French Mutiny
A) Risk taker B) Bravery C) Destiny D) Bahala na attitude
A) Inventor B) Investor C) Salesman D) Businessman
A) Joseph Schumpeter B) Tony Mayer C) Jean Baptiste Say D) Adam Smith
A) An Entrepreneur B) A Professional C) A Leader D) A Manager
A) Organizational decisions B) Strategic decisions C) Routine decisions D) Personal decisions
A) Goal orientation B) None of the above C) Departure point D) Business skill development
A) Marketing Plan B) Business Plan C) Financial Plan D) Strategic Plan
A) Latin B) French C) Chinese D) English
A) Sales and profits B) Attract and retain more customers C) Career development D) Employee satisfaction
A) Pakikisama B) Delicadeza C) Smooth Interpersonal Relationship or SIR D) Bayanihan |