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WorksheetsAES Entrepreneurship Unit 2
Total questions: 17
Worksheet time: 26mins
Providing products or services that could be raffled off by a non-profit organization to raise money is an example of a business _____.
asking for free stuff
giving back to the community
marketing plan
trying to look good
What are good methods for collecting feedback from customers?
Comment card available at the business
A feedback page on the business's website
An on-line survey
All of the above
Identifying the target market for a product allows an entrepreneur to _____.
develop plans for expanding their business
market the product to specific people
better budget their time and money
worry less about the future of their business
What is a target customer?
The customers a business should avoid
The possible customers for a business
The ideal customers a business should try to attract
The customers marketed to by competitors
Marketing is the _____.
act or process of selling an existing business
act or process of creating a sales plan
act or process of promoting your business to potential customers
act or process of going to the grocery store
In order for your business to be successful you need to have _______?
a larger market share than your competition.
a well-placed market segment.
won a business competition and get the help of experienced entrepreneurs.
Why is it a good idea for a business to be involved in the community?
To give to the community that supports the business
To promote the business
To help those less fortunate
All of the above
Why is it important to know the wants of specific customers?
To attract better customers than your competition
In order to have the proper amount of merchandise on hand
To be able to provide the products or services they will purchase
So your merchandise is better than your competition
What is a market segment?
A breakdown of business strategy provided to customers for review and investigation.
A subgroup of a larger market that shares at least one characteristic or need
The produce section in a shopping center
A group sharing common resources and costs used during business start-ups
A group sharing common resources and costs used during business start-ups
It can be used as potential tax right-off.
It creates new opportunities for growth.
To make potential customers aware of your business
To find new market segments.
What kind of things should a business keep in mind when looking for facilities?
Location relative to target customers
Space for storage and employee breaks
Production and sales spaces
All of the above
What is the purpose of networking with other businesses?
To have businesses outside the network understand the benefits of being in the network.
To create a supportive system of sharing information and resources with businesses who have similar goals, interests, and clients.
To create stronger and more stable internet access for those who subscribe to the network.
To develop a web of organizations that is mutually beneficial while remaining exclusive and competitive.
Why is it a good idea to match a specific product to a target market?
To create an organized look and feel for the product
To more easily create advertising for the product
To produce a better year-end report for the product
To ensure a strong customer base for the product
How can a business get involved in its community?
Sponsor community events.
Donating products or services to non-profit organizations
Organize special events.
All of the above
What should you do when you receive feedback from customers?
Thoughtfully consider their opinions.
Laugh at them behind their backs.
Do everything everyone suggests.
Ignore them completely.
What is a business's competition?
A similar business you want to be better than.
A business with a percentage of the market share
A business owned by someone you hate.
A business you plan to steal customers from.
Which of the following is an appropriate response to negative feedback?
Yell at the person giving the feedback until they go away
Thank the person giving the feedback and tell them you'll consider it
Refusing to acknowledge you received the feedback
Call the person providing the feedback names
