Which activity does a business perform when conducting a competitive analysis?

Monitoring rivals' marketing strategies

Which of the following is an important advantage for the corporate form of business ownership?

Ability to raise large amounts of capital

A disadvantage of a general partnership is that each partner

is liable for the business's losses

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Entrepreneurship I (3.05-3.06)

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Entrepreneurship I objectives (3.05-3.06)

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Answers

1
Which of the following is a factor that businesses consider when conducting a market analysis?
location of test market
Size of the market next year
design of the questionnaire
safety of the research process
2
Which law protects a business's inventions or written works from the unauthorized use by others
Intellectual Property
Income Tax
Consumer Protection
Product liability
3
"What resources do we lack" is a question a business will ask when evaluating its weakness.
False
True
4
Which activity does a business perform when conducting a competitive analysis?
Monitoring rivals' marketing strategies
develops selling procedures
calculates income data
set productivity goals
5
What is important to ask to determine the business's strengths when conducting a SWOT analysis:
What economic trends are beneficial to us
What obstacles do we face?
What are our competitors doing?
Where are we making money?
6
Which of the following is an important advantage for the corporate form of business ownership?
Ease of making major policy changes
ease of starting and dissolving
Ability to raise large amounts of capital
relatively little government regulation
7
One way that a business can learn about its competitors activities is by
evaluation intranet efficiencies
reviewing secondary data
identifying communication barriers
developing product specifications
8
A disadvantage of a general partnership is that each partner
is liable for the business's losses
has responsibility for preparing the annual report
invest the same amount of capital
performs limited management duties

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