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