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) Strategy D) Command
A) The Market B) Labor C) Management D) The business
A) Always consider pitfalls B) Emphasize the target market C) Capture the customers interest D) Prepare an objectively long plan
A) Pricing B) Distribution C) Cost control D) Advertising and promotion
A) New relationships B) Improved service C) New product D) New service
A) New service B) New means of production C) New relationships 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) Countering the competition B) Meeting the competition C) Assessing the competition D) Beating the competition
A) Product strategy B) Product mix C) Product line D) Product segmentation
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 standardization B) Free from government C) Free from independent business D) Free from competition
A) Controlled operations B) Low risk C) Customer loyalty and preference D) Less advertising cost
A) Manufacturer-Wholesaler Franchise B) Retailer-Wholesaler Franchise C) Manufacturer-Retailer Franchise D) Wholesaler-Retailer Franchise
A) Lower operating cost B) Guarantees faster expansion C) Wider brand recognition and promotion D) Greater market penetration
A) Estimate the sales B) Assess the competition C) Determine the competitive products D) Identify your customer profile
A) Product analysis B) Market analysis C) SWOT analysis D) Strategic analysis
A) To discover customer comfort B) To determine customer mindset C) To determine customer preferences and minimize losses D) None of the above
A) Integrated marketing mix B) Lower tariffs C) Free trade D) Technological advances
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 II and III C) Both I and II D) Both I, II and III
A) Market segmentation is a useful process for small businesses to undertake. 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) Selling is essentially a matching process.
A) Work long hours B) Risk taker C) You are the boss D) Uncertain income
A) Get absorb within larger innovative businesses B) Get absorb within non-innovative businesse C) Not survive and disappear from the market D) Thrive in the market
A) Government policies B) Weather conditions C) Consumer expenditures 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) All of these D) Can help demonstrate the viability of the venture
A) Helps to prioritize tasks, focus energy, and maximize impact on target customers B) Help motivate employees to work toward shared goals C) Serves as a strategic plan for success D) Building a strong organizational culture
A) Job specifications B) Job catalogue C) Job descriptions D) Job requirements
A) Mission B) Objective C) Goal D) Strategy
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 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) Encourage open discussion B) Creating management options C) Understanding environment D) When synergy is present
A) Sales B) Profits C) Costs D) Turnover
A) To discover customer comfort B) None of these C) To determine customer preferences and minimize losses D) To determine customer mindset
A) Franchising B) Franchise C) Franchise buyer D) Franchising contract
A) Greater market penetration B) Guarantees faster expansion C) Wider brand recognition and promotion D) Lower operating cost
A) Controlled operations B) Low risk C) Customer loyalty and preference D) Less advertising cost
A) French Mutiny B) French Revolution C) French Rebellion D) French Economic Age
A) Bahala na attitude B) Bravery C) Risk taker D) Destiny
A) Investor B) Salesman C) Inventor D) Businessman
A) Tony Mayer B) Jean Baptiste Say C) Adam Smith D) Joseph Schumpeter
A) An Entrepreneur B) A Professional C) A Leader D) A Manager
A) Personal decisions B) Routine decisions C) Organizational decisions D) Strategic decisions
A) Departure point B) None of the above C) Goal orientation D) Business skill development
A) Strategic Plan B) Financial Plan C) Business Plan D) Marketing Plan
A) Chinese B) French C) Latin D) English
A) Sales and profits B) Career development C) Employee satisfaction D) Attract and retain more customers
A) Bayanihan B) Smooth Interpersonal Relationship or SIR C) Pakikisama D) Delicadeza |