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  • Questions Equiz

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    Ayusha Jagtap
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    The document discusses different types of entrepreneurial businesses and business concepts. It provides definitions and identifies the correct term for different business arrangements, strategies, and stages. Key points covered include: - Manufacturing businesses produce goods they sell, wholesaling businesses sell to other businesses not final customers, and an office memorandum is a short written business communication. - PESTLE analysis should not include competitor activity. Service industries have lower barriers to entry than manufacturing or distribution. A franchise allows use of a business name and selling of products. - Factors like government policies and weather are less likely to influence new business formation timing than profitability or consumer expenditure. The purpose of all small business strategy is to achieve stated objectives

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    The document discusses different types of entrepreneurial businesses and business concepts. It provides definitions and identifies the correct term for different business arrangements, strategies, and stages. Key points covered include: - Manufacturing businesses produce goods they sell, wholesaling businesses sell to other businesses not final customers, and an office memorandum is a short written business communication. - PESTLE analysis should not include competitor activity. Service industries have lower barriers to entry than manufacturing or distribution. A franchise allows use of a business name and selling of products. - Factors like government policies and weather are less likely to influence new business formation timing than profitability or consumer expenditure. The purpose of all small business strategy is to achieve stated objectives

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    15 views5 pages

    Questions Equiz

    Uploaded by

    Ayusha Jagtap
    The document discusses different types of entrepreneurial businesses and business concepts. It provides definitions and identifies the correct term for different business arrangements, strategies, and stages. Key points covered include: - Manufacturing businesses produce goods they sell, wholesaling businesses sell to other businesses not final customers, and an office memorandum is a short written business communication. - PESTLE analysis should not include competitor activity. Service industries have lower barriers to entry than manufacturing or distribution. A franchise allows use of a business name and selling of products. - Factors like government policies and weather are less likely to influence new business formation timing than profitability or consumer expenditure. The purpose of all small business strategy is to achieve stated objectives

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    of 5

    What type of entrepreneurial business actually produce the products they sell?

    a.manufacturing
    b.wholesaling
    c.Retailing
    d.service
    Ans-1.Manufacturing

    What type of entrepreneurial business sells products to people other than finsl
    customers?
    a.manufacturing
    b.wholesaling
    c.Retailing
    d.service
    ans-2.Wholesaling

    What is an office memorandum?


    a.message from one person to another
    b.A short written form of business communication
    c.short speech
    d.letter
    ans-3. A short written form of business communication

    4. Which of the following factors should not be included in PESTLE analysis?


    A. Government re-cycling policy.
    B. Proposed reduction in interest rates.
    C. Competitor activity.
    D. Demographic changes.
    Ans-4. C. Competitor activity

    Which industrial sector promotes small-scale businesses andEntrepreneurship,


    and has lower barriers to market entry?
    A. Service.
    B. Manufacturing.
    C. Distribution.
    D. Agriculture.
    Ans-5. A. Service.

    A business arrangement where one party allows another party to use a


    business name and sellits products or services is known as .
    A cooperative.
    B. A franchise.
    C. An owner-manager business.
    D. A limited company.

    Ans- B. A franchise.

     Which of the following is least likely to influence the timing of new business
    births?
    A. Government policies.
    B. Profitability.
    C. Consumer expenditure.
    D. Weather conditions.

    Ans- D. Weather conditions.

    The purpose of all good small business strategy is .


    A. to increase turnover.
    B. to increase profitability.
    C. to achieve competitive advantage.
    D. to achieve stated objectives.

    Ans- D. to achieve stated objectives.

    Goods or services reach the market place through


    . A. marketing channels.
    B. multilevel pyramids.
    C. monopolies.
    D. multiplication

    Ans-A. marketing channels.

    One word questions:

    The word entrepreneur derived from_______________


    Answer- Entreprendre

    __________entrepreneur is not involved in innovative


    Answer- Imitative Entrepreneur

    Buying and selling of manufacturing goods related to ---------- entrepreneur


    Answer-  Trading entrepreneur

    A term for corporate venturing______

    Answer- Intrapreneurship

    Ownership position of more than 50 per cent in a business is known as:

    Answer-Majority Interest

    An entrepreneur who is the owner of more than one business


    Answer-Portfolio entrepreneur

    ---------is known as project formulation


    Answer-  feasibility

    -----------stage deals with Prototype development


    Answer-incubation

     The slogan “innovate or evaporate” was given by __


    Answer- Philip Kotler

    __ technology refers to that technology which is suitable to local, economic,


    social and cultural conditions.

    Answer- appropriate

    -----------introduced the term intrapreneur:

    Answer-  Gifford Pinchot

    __ is the difference between the actual sales and break even sales.
    Answer-  margin of safety

    A __ Is an organization designed and success of entrepreneurial companies


    through an array of business support resources and services.
    Answer- Business incubators

    __ refers to any investment opportunity which is to be exploited for profit.


    Answer- project

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