Unit 2: Entrepreneurship Development

A business arrangement where one party allows another party to use a business name and sell its products or services is known as__________.

• A cooperative.

• A franchise.

• An owner-manager business.

• A limited company.

Good sources of information for an entrepreneur about competitors can be Obtained from_________.

• Websites.

• Product information leaflets.

• Company reports and published accounts.

• All of these

Entrepreneurs are motivated by _________.

• money.

• personal values.

• pull influences

• All of these

State Industrial corporations engage in the development of__________.

• industrial estates.

• institutional estates.

• individual investors.

• agricultural entrepreneurs.

EDPs course contents contains ___________.

• General introduction to entrepreneurs.

• Motivation training.

• Managerial skills.

• All of these

Decisions taken by an entrepreneur on behalf of his enterprise are known as _________.

• Organizational decisions.

• Personal decisions.

• Routine decisions.

• Strategic decisions

Which of the following is not one of the 4 Ms?

• Organizational decisions

• Personal decisions.

• Routine decisions.

• Strategic decisions.

Decisions which are concerned with policy matters and exercise fundamental influence on the objectives of the organization are called as____________.

• Organizational decisions.

• Personal decisions.

• Routine decisions.

• Strategic decisions

One of the disadvantages of a franchise business for a franchisee is ________.

• Lack of independence.

• Franchise businesses typically have a high failure rate.

• Lack of brand identity

• Training is not normally provided by the franchisor

Today, many companies are using managerial techniques that are designed to encourage _________.

• increasing profits

• legal compliances

• Ethical behavior

• shareholders value