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