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