A) Going with the first option B) Choosing with the advantage C) Going with the easiest option D) Choosing the best alternative
A) Command B) Strategy C) Market D) Operations
A) Management B) Labor C) The business D) The Market
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) Improved service B) New relationships C) New service D) New product
A) New relationships B) New means of production C) New service D) Improved service
A) An Entrepreneurs need bosses to motivate them. B) Entrepreneurs requires specific know how in the ventures day to day operations. C) Entrepreneurs des by creating and managing organizations to give long term benefits to the investors D) Entrepreneurs must take divided control and direct the venture towards a maximum position.
A) The management B) The market C) The business D) The industry
A) Meeting the competition B) Countering the competition C) Assessing the competition D) Beating the competition
A) Product line B) Product segmentation C) Product mix D) Product strategy
A) The time consumed by the management training and support the franchisor provides B) Territory limitations C) Strict adherence to standardized operations D) The cost of national advertising
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 government B) Free from standardization C) Free from independent business D) Free from competition
A) Customer loyalty and preference B) Less advertising cost C) Low risk D) Controlled operations
A) Manufacturer-Wholesaler Franchise B) Retailer-Wholesaler Franchise C) Wholesaler-Retailer Franchise D) Manufacturer-Retailer Franchise
A) Greater market penetration B) Wider brand recognition and promotion 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) Strategic analysis B) SWOT analysis C) Market analysis D) Product analysis
A) None of the above B) To determine customer mindset C) To determine customer preferences and minimize losses D) To discover customer comfort
A) Technological advances B) Lower tariffs C) Integrated marketing mix D) Free trade
A) They can influence the market prices and trends B) They give an outlet for Entrepreneurs C) They can be innovators of new products and services D) They can provide specialist support to larger companies
A) Both II and III B) Both I and III C) Both I and II D) Both I, II and III
A) A benefit is the value of a product feature to a customer. B) It is a good idea for small businesses to compete solely in price. C) Selling is essentially a matching process. D) Market segmentation is a useful process for small businesses to undertake.
A) Work long hours B) Uncertain income C) Risk taker D) You are the boss
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) Government policies B) Consumer expenditures C) Profitability D) Weather conditions
A) Can help demonstrate the viability of the venture B) Provide a guide for business activities by defining objectives 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) 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 specifications C) Job catalogue D) Job descriptions
A) Objective B) Strategy C) Goal D) Mission
A) The vision should be built on a foundation of the organization's core values and beliefs B) The vision should include a brief summary of what the organization does C) The vision should specify detailed and short-term goals 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) When synergy is present B) Understanding environment C) Creating management options D) Encourage open discussion
A) Costs B) Turnover C) Profits D) Sales
A) To determine customer mindset B) To determine customer preferences and minimize losses C) None of these D) To discover customer comfort
A) Franchise B) Franchising contract C) Franchise buyer D) Franchising
A) Wider brand recognition and promotion B) Lower operating cost C) Guarantees faster expansion D) Greater market penetration
A) Less advertising cost B) Controlled operations C) Low risk D) Customer loyalty and preference
A) French Economic Age B) French Revolution C) French Rebellion D) French Mutiny
A) Bravery B) Bahala na attitude C) Destiny D) Risk taker
A) Investor B) Businessman C) Inventor D) Salesman
A) Adam Smith B) Tony Mayer C) Jean Baptiste Say D) Joseph Schumpeter
A) A Professional B) A Manager C) A Leader D) An Entrepreneur
A) Routine decisions B) Strategic decisions C) Personal decisions D) Organizational decisions
A) None of the above B) Departure point C) Business skill development D) Goal orientation
A) Financial Plan B) Marketing Plan C) Strategic Plan D) Business Plan
A) Latin B) Chinese C) French D) English
A) Attract and retain more customers B) Sales and profits C) Employee satisfaction D) Career development
A) Smooth Interpersonal Relationship or SIR B) Bayanihan C) Pakikisama D) Delicadeza |