
Quiz #2 - Feasibility Study
Quiz
•
Professional Development
•
11th Grade
•
Practice Problem
•
Easy
Jovy Corpuz
Used 2+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A market feasibility study's primary objective is to analyze the market and determine whether there is sufficient demand for the business to succeed.
A. True
B. False
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Before you begin any sales and marketing functions you do not have to develop a strong knowledge of the market by preparing a market description.
A. True
B. False
3.
OPEN ENDED QUESTION
3 mins • 1 pt
3-4. Give atleast 2 factors that affects demand
Evaluate responses using AI:
OFF
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Marketing strategy is also known as...
A. Promotion
B. Market strategy
C. Marketing mix
D. 4P's
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
It is the tool used by the proponents to inform potential respondents about the information they need, encourage accurate responses, and produce data in a form that is useful for analysis.
A. Business Plan
B. Survey Questionnaire
C. Feasibility Study
D. Target Market
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In making survey questionnaires, you can use figurative language and imagery.
A. True
B. False
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
It refers to a specific subset of individuals and/or organizations that need your product or service and are most likely to patronize your business.
A. Buyers
B. Consumers
C. Target market
D. Customers
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