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