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Entrepreneurship 2.07-2.11 Test Review

Authored by Robin Scott

9th - 12th Grade

Used 4+ times

Entrepreneurship 2.07-2.11 Test Review
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20 questions

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1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

A business that identifies products to sell that fill needs is

making which decision?

Line Extension

Product Mix

Customer Service

Quality Control

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

An entrepreneur considers the location and financial needs of a business venture during which process?

Distribution

Controlling

Implementation

Planning

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which is the FIRST factor that a business should consider when it is deciding if it should sell a product?

Promotional Strategy

Taxation rate

Storage space

Market demand

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which is a way that a business can determine if a product will fulfill the needs of a target market?

Observe workers

Distribute promotional materials

Ask the customers

Develop a prospect list

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

A business might take an existing product and alter it to fulfill a specific need for which benefactor?

Medium

Product

Utility

Target market

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which is a characteristic of a well-conducted feasibility study?

Subjective

Abbreviated

General

Complete

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which statement is true about business start-up requirements?

Equipment is the least expensive requirement for a start-up business

A new business owner usually needs to register for patent protection

Purchasing a franchise is usually easy and inexpensive for start-up business owners

The financial needs to start a new business depend on the nature of the venture

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