EBM N4

Question 1

Reasons why entrepreneurship fails:

Accepted Answer

Failure to plan

Question 2

A product used in the production of other products is known as …

Accepted Answer

Industrial

Question 3

A reason why you should become an entrepreneur is to …

Accepted Answer

Reach your full potential

Question 4

Products identified by a strong brand name:

Accepted Answer

Shoping products

Question 5

Personal resources of successful entrepreneurs:

Accepted Answer

Funds

Question 6

An example of an indirect environmental force is …

Accepted Answer

Technology

Question 7

Demographic segmentation refers to …

Accepted Answer

The social class to which people belong

Question 8

New products never created before are …

Accepted Answer

Inventions

Question 9

…. Is a method of protecting your idea.

Accepted Answer

Trademark

Question 10

Positive possibilities in the external environment:

Accepted Answer

Opportunities

Question 11

A business's most important asset is …

Accepted Answer

People

Question 12

The number of possible customers in a specific area:

Accepted Answer

Demographic segmentation

Question 13

By examining the external environment, entrepreneurs can discover …

Accepted Answer

Opportunities and threats

Question 14

An example of a communication medium for a business:

Accepted Answer

Fax, Computer, All the above-mentioned, Telephone

Question 15

The methode used to collect primary data:

Accepted Answer

Surveys, Questionaires, All the above, Personal interviews

Question 16

Which of the following is not a personal resource of the entrepreneur?

Accepted Answer

Perfectionism

Question 17

Sources of secondary data:

Accepted Answer

Magazines

Question 18

Which instrument would you use to investigate the internal environment of your business?

Accepted Answer

SWOT analysis

Question 19

An example of a sales promotion is …

Accepted Answer

Coupons

Question 20

Assets that can be quickly into cash:

Accepted Answer

Stock

Questions 20