BE 7 Quiz

Which can be considered as "strategy"?

• Guesses and predictions

• Plan of action

• Striking ideas

Which among the list is NOT included as weakness?

• Lack of qualified managers

• Good design of the products

• Poor location of the sales office

• Low employee morale

Which is NOT included in the screening for ideas?

• Market feasibility      

• Financing feasibility 

• Emotional feasibility

• Technical feasibility

In determining the suitable means for "marketing feasibility" what must be considered?

• The technical ability of the entrepreneur

• Having stable and sufficient demand

• Obtaining financial aid

• Having income statements ready

How do you identify your company's strengths and weaknesses?

• Look externally and search for competitors.

• Check your company's internal composition and qualities.

• Give competitors a harsh warning about competing with your business.

• Check your company's external competitions.

What can one do to start generating sound business ideas?

• Screen the ideas.        

• Adopt the suitable ideas.                   

• Prepare a formal plan.

• Search for business ideas.

Strengths and weaknesses are considered _______ factors.

• internal

• external

• inductive

• deductive

True or False: Demands can be related to the wants and needs of the people.

• TRUE

• FALSE

True or False: Weakness is based on external factors.

• TRUE

• FALSE

True or False:

Strategic planning is like a roadmap guiding you to achieve your goals.

• TRUE

• FALSE