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