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