A) Going with the easiest option B) Choosing the best alternative C) Choosing with the advantage D) Going with the first option
A) Command B) Market C) Strategy D) Operations
A) The business B) Labor C) Management 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) Distribution C) Pricing D) Advertising and promotion
A) Improved service B) New product C) New service D) New relationships
A) New means of production B) New relationships 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 business B) The management C) The industry D) The market
A) Countering the competition B) Assessing the competition C) Meeting the competition D) Beating the competition
A) Product mix B) Product strategy C) Product segmentation D) Product line
A) The time consumed by the management training and support the franchisor provides B) Territory limitations C) The cost of national advertising 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 competition C) Free from standardization D) Free from government
A) Less advertising cost B) Controlled operations C) Customer loyalty and preference D) Low risk
A) Retailer-Wholesaler Franchise B) Manufacturer-Retailer Franchise C) Manufacturer-Wholesaler Franchise D) Wholesaler-Retailer Franchise
A) Greater market penetration B) Lower operating cost C) Wider brand recognition and promotion D) Guarantees faster expansion
A) Determine the competitive products B) Identify your customer profile C) Assess the competition D) Estimate the sales
A) SWOT analysis B) Product analysis C) Market analysis D) Strategic analysis
A) None of the above B) To determine customer preferences and minimize losses C) To discover customer comfort D) To determine customer mindset
A) Technological advances B) Lower tariffs C) Integrated marketing mix D) Free trade
A) They can be innovators of new products and services B) They can influence the market prices and trends C) They can provide specialist support to larger companies 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) A benefit is the value of a product feature to a customer. B) Market segmentation is a useful process for small businesses to undertake. C) It is a good idea for small businesses to compete solely in price. D) Selling is essentially a matching process.
A) Uncertain income B) Risk taker C) Work long hours D) You are the boss
A) Get absorb within larger innovative businesses B) Thrive in the market C) Get absorb within non-innovative businesse D) Not survive and disappear from the market
A) Consumer expenditures B) Profitability C) Weather conditions D) Government policies
A) Can help demonstrate the viability of the venture B) All of these C) Provide a guide for business activities by defining objectives D) It helps to persuade others to commit funding to the venture
A) Building a strong organizational culture B) Help motivate employees to work toward shared goals C) Serves as a strategic plan for success D) Helps to prioritize tasks, focus energy, and maximize impact on target customers
A) Job requirements B) Job catalogue C) Job descriptions D) Job specifications
A) Objective B) Mission C) Strategy D) Goal
A) The vision should elaborate a purpose for the organization 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 specify detailed and short-term goals
A) Planning reinforces success, which may lead to failure B) Planning can't be developed for a dynamic environment C) Planning may create rigidity D) Planning focuses Entrepreneur's attention on tomorrow's survival but not today's competition
A) Encourage open discussion B) Creating management options C) Understanding environment D) When synergy is present
A) Turnover B) Costs C) Profits D) Sales
A) None of these B) To discover customer comfort C) To determine customer preferences and minimize losses D) To determine customer mindset
A) Franchising B) Franchising contract C) Franchise buyer D) Franchise
A) Guarantees faster expansion B) Lower operating cost C) Greater market penetration D) Wider brand recognition and promotion
A) Customer loyalty and preference B) Less advertising cost C) Controlled operations D) Low risk
A) French Rebellion B) French Revolution C) French Economic Age D) French Mutiny
A) Bahala na attitude B) Destiny C) Bravery D) Risk taker
A) Investor B) Salesman C) Businessman D) Inventor
A) Jean Baptiste Say B) Tony Mayer C) Joseph Schumpeter D) Adam Smith
A) A Professional B) An Entrepreneur C) A Manager D) A Leader
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) Chinese B) English C) French D) Latin
A) Attract and retain more customers B) Career development C) Sales and profits D) Employee satisfaction
A) Pakikisama B) Delicadeza C) Smooth Interpersonal Relationship or SIR D) Bayanihan |