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