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BE 7 Quiz

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

Which can be considered as "strategy"?

a)

Guesses and predictions

b)

Plan of action

c)

Striking ideas

2.

Which among the list is NOT included as weakness?

a)

Lack of qualified managers

b)

Good design of the products

c)

Poor location of the sales office

d)

Low employee morale

3.

Which is NOT included in the screening for ideas?

a)

Market feasibility      

b)

Financing feasibility 

c)

Emotional feasibility

d)

Technical feasibility

4.

In determining the suitable means for "marketing feasibility" what must be considered?

a)

The technical ability of the entrepreneur

b)

Having stable and sufficient demand

c)

Obtaining financial aid

d)

Having income statements ready

5.

How do you identify your company's strengths and weaknesses?

a)

Look externally and search for competitors.

b)

Check your company's internal composition and qualities.

c)

Give competitors a harsh warning about competing with your business.

d)

Check your company's external competitions.

6.

What can one do to start generating sound business ideas?

a)

Screen the ideas.        

b)

Adopt the suitable ideas.                   

c)

Prepare a formal plan.

d)

Search for business ideas.

7.

Strengths and weaknesses are considered _______ factors.

a)

internal

b)

external

c)

inductive

d)

deductive

8.

True or False: Demands can be related to the wants and needs of the people.

a)

TRUE

b)

FALSE

9.

True or False: Weakness is based on external factors.

a)

TRUE

b)

FALSE

10.

True or False:

Strategic planning is like a roadmap guiding you to achieve your goals.

a)

TRUE

b)

FALSE