
QUIZ #2
Authored by MA. ORTUZAR
Other
11th Grade
Used 76+ times

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10 questions
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1.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Which could provide an individual with the motivation to start a new business venture?
A. The financial rewards
B. A desire to be independent
C. Risk taking
D. all of them
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An individual who starts, creates and manages a new business can be called.
An entrepreneur
A professional
A manager
A leader
3.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Which of the following is the reason for business failure ______
All of the above
Poor management.
Poor financial control
Lack of market research
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Why is it so important for a new entrepreneur to thoroughly understand their product or service?
A) It enables you to mimic what rivals are doing.
B) It enables you to make wise choices and advancements.
C) It makes it simpler to disregard customer reviews.
D) Less marketing effort is required.
5.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Good sources of information for an entrepreneur about competitors can be obtained from.
A. Websites.
B. Product information leaflets.
C. Company reports and published accounts.
D. All the above
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following considerations should you make when assessing market potential?
A) Your individual tastes.
B) The dimensions and makeup of your target market.
C) The pastimes of your rivals.
D) The climate in your region.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Innovation can best be defined as.
the successful exploitation of new ideas.
the opposite of creativity.
the evolution of new ideas.
the generation of new ideas
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