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