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ENTREP. MIDTERM

Authored by Melona Dehito

Other

12th Grade

Used 3+ times

ENTREP. MIDTERM
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50 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a characteristic of successful entrepreneurial teams?

.

Diverse skill sets

Effective communication

Lack of conflict

Shared vision and goals

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a common legal structure for a business?





Sole proprietorship

Partnership

Corporation

Cooperative

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a characteristic of successful entrepreneurs?



Risk aversion

Limited creativity

Ability to adapt to change

Resistance to innovation

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the definition of entrepreneurship?

The process of starting and managing a business venture

The act of investing in stocks and bonds

The practice of analyzing financial data

The study of economic systems

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How can feedback from customers help in recognizing a potential market?

By identifying new product ideas

By analyzing sales data

By developing a pricing strategy

By understanding customer satisfaction and preferences

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

. Which of the following is an example of a geographic factor in market segmentation?



Age

Income

Occupation

Climate

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of conducting competitor analysis in market research?

To identify potential business partners

To assess the financial health of competitors

To understand competitors' strengths and weaknesses

To create a pricing strategy based on

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