Galway Enterprise Knowledge

What is the first step in conducting market research?

• Creating a marketing plan

• Launching a product

• Analyzing competition

• Defining objectives and goals

What is the purpose of a balance sheet?

• To determine customer satisfaction

• To calculate employee salaries

• To predict future market trends

• To provide a snapshot of a company's financial position

What is the standard rate of income tax in Ireland?

• 15%

• 20%

• 25%

• 30%

What is the capital city of Malta?

• Rome

• Athens

• Paris

• Valletta

What is the official language of Malta?

• Italian

• English

• French

• Maltese

What is the currency of Malta?

• Euro

• Pound

• Dollar

• Yen

Who is the founder of Amazon?

• Elon Musk

• Bill Gates

• Mark Zuckerberg

• Jeff Bezos

What is the term used to describe a business that is owned and operated by a single person?

• single ownership

• solo business

• individual enterprise

• sole proprietorship

What is the process of gathering, analyzing, and interpreting information about a market?

• Market Research

• Market Survey

• Market Analysis

• Market Investigation

What is the formula for calculating net profit?

• Net Profit = Total Revenue x Total Expenses

• Net Profit = Total Revenue + Total Expenses

• Net Profit = Total Revenue - Total Expenses

• Net Profit = Total Revenue / Total Expenses