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Entrepreneurship 1 - Obj. 2.02 Flashcards | StudBud
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Entrepreneurship 1 - Obj. 2.02
Entrepreneurship 1 - Obj. 2.02
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Entrepreneurship I (1) Objective 2.02 Review Quiz
Flashcards
15 cards
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Practice quiz
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Questions
15
Answers
1
Which of the following is NOT an example of competition?
Best Buy and Chipotle
Target and Walmart
Apple and Samsung
CVS and Walgreens
2
External environment relates to:
Management
Technology
Organisational culture
Physical assets
3
Internal environment relates to things that are:
Controlled by the company
Not controlled by the company
Outside the company
Within the company
4
Trends are what's popular at the time
True
False
5
Which of the following can change minimum-wage laws?
Market
Competition
Government
Society
6
What sections in SWOT analyze internal environment?
Opportunities, Threats
Strengths, Weaknesses
Strengths, Opportunities
Weaknesses, Opportunities
7
Environmental Scanning aims to:
identify new businesses opening in the area
identify changes to the environment that affect agriculture
identify trends, gaps, events, development, and issues that affect business
scan the surroundings of a business
8
Environmental scanning is a(n) ________ and __________ process.
Analysis and Reflection
Analysis and Summarization
Analysis and Evalutation
None of the answers listed
9
Going "green" is an example of a(n):
Market trend
Social trend
Cultural trend
Demographical trend
10
Investor confidence relates to the economy. (according to the slideshow)
False
True
11
Which of the following is a reason to scan?
Reduces the possibility of being blindsided
Allows for essential adjustments to be made
All of the answers listed
Aids in anticipating change
12
Which of the following is NOT a tool used to scan?
ECGT
STEEP
PEST
SWOT
13
Demographics relate to all of the following except:
Employment status
Hair color
Income
Family status
14
This is perhaps the most rapidly changing category of information
Demographic
Technology
Society and Culture
None of the answers listed
15
Society & Culture is:
All of the answers listed
Customers attitude towards things around them
What customers want
What customers value
