A) Going with the first option B) Going with the easiest option C) Choosing the best alternative D) Choosing with the advantage
A) Strategy B) Operations C) Command D) Market
A) The business B) The Market C) Labor D) Management
A) Always consider pitfalls B) Capture the customers interest C) Prepare an objectively long plan D) Emphasize the target market
A) Advertising and promotion B) Cost control C) Distribution D) Pricing
A) New relationships B) New product C) Improved service D) New 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 management B) The industry C) The market D) The business
A) Countering the competition B) Assessing the competition C) Meeting the competition D) Beating the competition
A) Product mix B) Product line C) Product segmentation D) Product strategy
A) The time consumed by the management training and support the franchisor provides B) Strict adherence to standardized operations C) The cost of national advertising D) Territory limitations
A) None of these B) The economic growth in the commercially developed market C) The mutual benefits it provides to the franchisor and franchisee D) More job hunters choose to work for franchise firm rather that big corporations
A) Free from independent business B) Free from government C) Free from standardization D) Free from competition
A) Customer loyalty and preference B) Controlled operations C) Low risk D) Less advertising cost
A) Manufacturer-Retailer Franchise B) Manufacturer-Wholesaler Franchise C) Retailer-Wholesaler Franchise D) Wholesaler-Retailer Franchise
A) Greater market penetration B) Lower operating cost C) Guarantees faster expansion D) Wider brand recognition and promotion
A) Identify your customer profile B) Estimate the sales C) Assess the competition D) Determine the competitive products
A) SWOT analysis B) Strategic analysis C) Product analysis D) Market analysis
A) To determine customer preferences and minimize losses B) None of the above C) To discover customer comfort D) To determine customer mindset
A) Free trade B) Technological advances C) Integrated marketing mix D) Lower tariffs
A) They can provide specialist support to larger companies B) They give an outlet for Entrepreneurs C) They can influence the market prices and trends D) They can be innovators of new products and services
A) Both I and III B) Both II and III C) Both I and II 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) Work long hours B) You are the boss C) Risk taker D) Uncertain income
A) Thrive in the market B) Not survive and disappear from the market C) Get absorb within non-innovative businesse D) Get absorb within larger innovative businesses
A) Weather conditions B) Profitability C) Government policies 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 catalogue C) Job descriptions D) Job requirements
A) Objective B) Goal C) Strategy D) Mission
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 be built on a foundation of the organization's core values and beliefs D) The vision should elaborate a purpose for the organization
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) Creating management options C) When synergy is present D) Understanding environment
A) Costs B) Turnover C) Profits D) Sales
A) To determine customer preferences and minimize losses B) To discover customer comfort C) None of these D) To determine customer mindset
A) Franchise B) Franchise buyer C) Franchising D) Franchising contract
A) Wider brand recognition and promotion B) Guarantees faster expansion C) Greater market penetration D) Lower operating cost
A) Customer loyalty and preference B) Less advertising cost C) Low risk D) Controlled operations
A) French Mutiny B) French Rebellion C) French Economic Age D) French Revolution
A) Destiny B) Bravery C) Bahala na attitude D) Risk taker
A) Investor B) Businessman C) Salesman D) Inventor
A) Tony Mayer B) Jean Baptiste Say C) Joseph Schumpeter D) Adam Smith
A) A Manager B) An Entrepreneur C) A Professional D) A Leader
A) Routine decisions B) Strategic decisions C) Personal decisions D) Organizational decisions
A) Goal orientation B) Business skill development C) None of the above D) Departure point
A) Financial Plan B) Marketing Plan C) Business Plan D) Strategic Plan
A) English B) French C) Latin D) Chinese
A) Career development B) Sales and profits C) Employee satisfaction D) Attract and retain more customers
A) Pakikisama B) Delicadeza C) Bayanihan D) Smooth Interpersonal Relationship or SIR |