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