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