What is the last step of 'market research'

Analyse and interpret the results

Which on is a social goal for a business?

Increase number of trees planted each year by 5%

What is the purpose of Market Research

Helps in gathering feedback from your specific market

Market research is important because ...

Process of gathering information

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Business Management Unit 1-AOS1

16 termsStudBud Administration472 plays

Questions to meet the 2017 BM study design

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Questions 16

Answers

1
Is changing customer needs a business opportunity?
False
True
2
Entrepreneurs are usually innovative and know how to seize an opportunity
True
False
3
SMART principle helps with?
Goal setting
Fostering innovation
Business opportunities
Research and development
4
Increasing market share is a financial objective
False
True
5
Which one is a personal motivation for starting business
To make revenue
A desire for export
To fulfill a childhood dream
To make a profit
6
Managers and entrepreneurs share the same characteristics
False
True
7
Which one is not a business opportunity?
Technological Development
Social factors
Global Markets
Changing customer needs
8
What is the last step of 'market research'
Analyse and interpret the results
Analyse and change business idea
Gather relevant information
Identify the information needed
9
Which is not a way to foster innovation and entrepreneurship in a nation
Regional start up hubs
Business mentorship
Business apprenticeship
School based programs
10
A business contributes to the economy by
By allowing government involvement
By Export earning BoP
By Import earning BoP
By openning up more school
11
Which on is a social goal for a business?
To decrease the number of trees planted by 5%
Increase number of trees planted each year by 5%
Decrease profits by 5%
Increase profits by 5%
12
Government grants can help boost
Financial goals
Research and devleopment
Registered patents
Partnerships
13
What is the purpose of Market Research
Helps in gathering feedback from your specific market
Helps in gathering statistics only
Helps in identifying the corporate culture within your specific market
Helps you gather opinions from your specific market
14
Small business help the economy.
False
True
15
Market research is important because ...
Process of gathering information
It can show profit and loss
It can help identify legal structure
Process business opportunity
16
Which one listed below only takes calculated risks
Entreprenuer
HR Manager
Manager
Shareholder

Business Management Unit 1-AOS1 Flashcards | StudBud