2019-2020 Entrepreneurship 1st Semester Review

When customers know exactly what they want, the fulfillment of their needs is referred

Product Mix is

equilibrium is the point where the supply and demand curve meet?

Lenders require a business plan before they will consider financing a business.

Which is not a characteristic of a successful entrepreneur?

Data Warehouse finds hidden patterns and relationships in the customer data stored in the data warehouse

Writing a business plan is one of the easiest things you will do as an entrepreneur.

What is publicity ?

What does indirect Channel do?

Advertisement is a form of paid communication?

What is not a Marketing concepts

A demand curve shows that the quantity consumed does what?

Which of the following is not a rational buying motive

Cost-Based pricing is the pricing that determined by considering what competitors charge for the same good or service?  

A business plan is a written document that describes all the steps necessary for operating and opening a successful busi

Needs are something necessary for survival?

About how many businesses survive after 5 years?

A marketing plan should do all of the following except?

The marketing plan should be separate from your business plan

Which of the following would be considered an indirect competitor of McDonalds?

 A formal problem-solving mode does/is

What is not part of the elements of a business plan?

The problem-solving process is not complete until the action is evaluated?

What is a business plan ?

Psychographic data describes people's mind and habits in terms of

Marker segments are groups of customers within a small market that don't share common characteristics.

How much of a good or service a producer is willing to produce at different prices is called ?

The customer's you would most like to attract are referred to as your?

 A detailed description of business goals is in what section of the business plan?

What is an example of secondary data 

What does NOT consist of the marketing mix?

Competitors should be analyzed concerning their

The psychologist who developed a theory of the hierarchy of needs was?

Advertising is a paid form of communication

Which is a disadvantages of radio ads?

Which of these is not a step in the market research plan

The Nike “Swoosh” is an example of a product

What are some ways to increase market share?

Scarcity exist because

What is an entrepreneur?

What is not an advantage of being an entrepreneur?

Financial Management helps

Which is NOT one of the three ways to charge for online advertising

Which of the following businesses would use a retailer to distribute their business?