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