EEL217-1

.......................... is a plan or action that we use to achieve or do something.

• strategy

• planning

• selling

• manufacturing

You need a business strategy so that there are no problems and the business runs smoothly in the future.

• True

• False

..................... research helps in getting to know the needs and wants of people in the market.

• Market

• Marine

• Scientific

• Atomic

Rony is opening a toy shop. But before that he does a market research. He found out that the kids are his main buyers. Is he correct in doing so ?

• Yes

• No

A good ..................... guides in each stage from starting to managing your business. 

• Business Plan

• Market Plan

• House Plan

• Class plan

Usain opened a mechanic shop. But his shop was very far from the place where people stay. He was wrong in choosing the place of business. This was the reason for less customers.

• Yes

• No

Reva has a pizza shop. She wants to know who will buy her pizza and for how much will they buy the pizza. She can find the answer by a market research.

• Yes

• No