BEP Exam Prep #1
Flashcard
•
Business
•
University
•
Practice Problem
•
Hard
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40 questions
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1.
FLASHCARD QUESTION
Front
After analysis that determines you aren’t able to offer a LARGE menu, what would you do instead?
Back
Promote something else that you do well
2.
FLASHCARD QUESTION
Front
After a self-assessment that indicates you are not as outgoing as might be helpful for your business, what might you do? Options: Be disciplined. Stay focused on deadlines and ensure that products are delivered on time. Be creative. Expand product line. Partner with someone who is more outgoing and able to promote your product. Be determined. Refuse to quit despite this obstacle.
Back
Partner with someone who is more outgoing and able to promote your product.
3.
FLASHCARD QUESTION
Front
If you find that your competitors have expensive pricing, what should you do to attract customers?
Back
Offer lower prices
4.
FLASHCARD QUESTION
Front
If traffic is bad in a city and you want to open a store in a rural part of town so people can avoid the traffic, what should you emphasize when marketing?
Back
Convenient location
5.
FLASHCARD QUESTION
Front
What is the greatest risk of entrepreneurship?
Back
Loss of investment
6.
FLASHCARD QUESTION
Front
If you find that your salary is lower than the industry average and you decide to start your own business because of this, which reward are you most interested in gaining?
Back
Creating greater wealth
7.
FLASHCARD QUESTION
Front
What business opportunity has the lowest risk of failure? Options: Buy an independent business, Buy a franchise, Start a new business, Become an inventor
Back
Buy an independent business
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