UT 1 - Entrep

UT 1 - Entrep

University

50 Qs

quiz-placeholder

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UT 1 - Entrep

UT 1 - Entrep

Assessment

Quiz

History

University

Practice Problem

Easy

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50 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary purpose of understanding market trends?

To increase personal knowledge

To predict future consumer behavior and business opportunities

To create random business ideas

To focus only on current competitors

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following factors influences market trends?

Consumer preferences

Technological advancements

Economic conditions

All of the above

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A major shift in customer demand due to innovation is an example of:

Seasonal change

Market stagnation

A disruptive trend

A declining business model

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary goal of environmental scanning?

To monitor social, economic, and technological changes

To create advertisements for a new product

To identify employees for a new business

To study historical business failures

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a SWOT analysis, which of the following is an example of an opportunity?

Rising competition in the market

A strong brand reputation

A new untapped customer segment

High production costs

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does competitive analysis help businesses determine?

The strengths and weaknesses of competitors

The personal preferences of employees

The best advertising agency to use

How to avoid creating new business strategies

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which method is commonly used for idea generation?

SWOT Analysis

Brainstorming

Market Trend Analysis

Financial Auditing

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