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