Entrepreneurship Quiz 2

This is essential to opportunity seeking which allows the entrepreneur to see things in a positive and optimistic light in the midst of crisis or difficult situations.

• Entrepreneurial heart flame

• Entrepreneurial mind frame

• Entrepreneurial gut game

• Entrepreneurial heart frame

They are the one that pays cash in exchange to your goods and services.

• suppliers

• competitors

• sellers

• buyers

This refers to the ability of the entrepreneur of being intuitive. It also means confidence in one’s self and the firm believes that everything you aspire can be reached

• Entrepreneurial heart flame

• Entrepreneurial mind frame

• Entrepreneurial gut game

• Entrepreneurial heart frame

Tangible things that can be seen refers to what?

• Service requirement

• customer requirements

• Output requirement

• Entrepreneurs output

Service requirement _____________ thing or product not able to touch but customer can feel the fulfillment.

• Output

• Intangible

• Service

• Tangible

It is a business or marketing statement that summarizes why a consumer should buy a company's product or use its service.

• Marketing concept

• Unique selling proposition

• Value proposition

• Selling proposition

This refers to how you sell your products or services to your customer.

• Marketing concept

• Unique selling proposition

• Value proposition

• Selling proposition

What is the relationship between unique selling proposition and value proposition.

• a framework of each business industry

• meet your competitors needs wants

• persuades another to exchange money for a product service’s

• connected with only one particular thing.

________________ will determine entrepreneur possible customers in one locality.

• market size

• market strategy

• market research

• market design

The term behavioral segmentation refers to:

• divided based on consumers

• divided in terms for customers think and believe.

• divided according to geographical location

• divided according to customers behavior pattern as they interact with a company