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