Which one is an example of a mission statement?

"To be the best pizza for every pizza occasion."

What is Buckminsterfullerene?

A spherical molecule composed of 60 Carbon atoms in a dome structure.

What does 'SMART' stand for?

Specific, Measurable, Attainable, Relevant, Timely

What are the four categories for market segmentation?

Geographic, Behavioural, Psychographic, and Demographic

What is a target market?

Specific group of customers that a company aims its goods/services towards.

What does 'VIPS' stand for?

Values, Interests, Personality Traits, and Skills

What are the four basic market structures?

Monopoly, Oligopoly, Monopolistic Competition, Perfect Competition

What is competitive advantage?

Giving customers better products, or something not offered by competition.

What would ESFP stand for?

Extrovert, Sensor, Feeler, Perceiver

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Very cool Entrepreneurship Quiz

26 termsStudBud Administration12 plays

A Quiz made for Mrs. Judy Chan's Entrepreneurship class of 2025.

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Questions 26

Answers

1
A franchisee has complete ownership of the brand.
False
True
2
Why might a business owner sell their business?
Retirement
Financial Success
To become friends with Lebron James
They hate themselves
3
Dominos is a direct competitor to Nike.
True
False
4
A reward is an intrinsic motivator.
True
False
5
Opportunity Cost is the cost of what you give up when one choice is made over another.
False
True
6
Which one is an example of a mission statement?
"Very cool things happen in China."
"We like to gamble."
"Empowering ideas to spark connection and possibility."
"To be the best pizza for every pizza occasion."
7
What is Buckminsterfullerene?
A spherical molecule composed of 60 Carbon atoms in a dome structure.
A disease which enlarges the liver caused by inhaling mushroom spores.
A word I just made up.
A micro bacteria found in a human's large intestine that absorbs bile.
8
What is my favourite Greek Mythology punishment?
Tantalus' Punishment
Atlas' Punishment
Sisyphus' Punishment
Prometheus' Punishment
9
What does 'SMART' stand for?
Specific, Measurable, Attainable, Relevant, Timely
Solvable, Marginal, Achieveable, Real, Trivial
Smart, Manageable, Attainable, Realistic, Timely
Strategic, Masterful, Actual, Relevant, Trainable
10
Decisions never lead to consequences.
True
False
11
What is my favourite pastry?
Donut
Apple Pie
Cinnamon Bun
Croissant
12
Which two are values?
Skateboarding, Swimming
Math, Puzzles
Zeal, Spirituality
Lebron James, Stephen Curry
13
What are the four categories for market segmentation?
Infographic, Diagraphic, Neographic, and Sonographic
Algraphic, Hypnographic, Occidiographic, and Reographic
Digraphic, Biographic, Isographic, and Urographic
Geographic, Behavioural, Psychographic, and Demographic
14
What is a target market?
Specific group of customers that a company aims its goods/services towards.
Behaving with sensitivity to social, economic, and environmental issues.
The cost of what you give up when one choice is made over another.
Something you shoot with an arrow.
15
What does 'VIPS' stand for?
Values, Interests, Personality Traits, and Skills
Values, Interpretation, Personality, and Skills
Very Important Personal Skills
Vaguely Important Personal Standards
16
Is Lebron LeGoat?
Yes, but in red
Yes, but in yellow
Yes, but in green
Yes, but in blue
17
What are the four basic market structures?
Oligopoly, Moonopoly, Monopolistic Competition, Perfect Competition
Monopoly, Oligopoly, Monopolistic Competition, Perfect Competition
Monopoly, Oligopoly, Monopollistic Competition, Perfect Competition
Monopoly, Sorry, Scrabble, Settlers of Catan
18
'Country' is an example of a Geographic target market
False
True
19
An indirect competitor would sell different products and services from the same category.
True
False
20
What is my favourite plant besides Earth?
Kepler-16b
HD 189733 b
Kepler-22b
Wasp-76b
21
What is competitive advantage?
Having Lebron James as your Chief Executive Officer.
A company selling similar products and services.
Giving customers better products, or something not offered by competition.
Just being better than another business.
22
What is my 2nd favourite country?
Iceland
Canada
Belgium
Japan
23
What is the third step for making a decision?
Evaluate alternatives
Identify the problem
Gather information
Make a decision
24
A Monopoly is an enterprise that is the only seller of a good or service.
True
False
25
What would ESFP stand for?
Entertainer, Successor, Feeler, Perceiver
Extrovert, Sensor, Feeler, Perceiver
Exotic, Sensational, Feeler, Perceiver
Extrovert, Sensor, Feeler, Privy
26
Which one of these would be a direct competitor to Dominos?
Pizza Hut
Wendy's
Youtube
Starbucks

Very cool Entrepreneurship Quiz Flashcards | StudBud