Quiz #1: Entrepreneurship

Question 1

Which of the following is a primary cause of failure in small businesses?

Accepted Answer

Poor location

Question 2

Which general function of marketing involves the physical meeting point for buyer and seller at the point of production?

Accepted Answer

Exchange functions

Question 3

If her business idea is a boutique, what qualities of a future entrepreneur is INAPPROPRIATE?

Accepted Answer

Relaxed

Question 4

Which of the following is NOT a source of fund for Ms. Burgos future business?

Accepted Answer

Seek assistance from the central bank of the Philippines

Question 5

Which of the following skills are NOT needed by an entrepreneur?

Accepted Answer

Working skills

Question 6

Which of the following is NOT appropriate for running a small-scale business?

Accepted Answer

Managing cash flow

Question 7

Which is considered a vehicle for informing the target market about the enterprise and the products or services?

Accepted Answer

Promotion

Question 8

Which of the following statement is INAPPROPRIATE in starting a business?

Accepted Answer

Cope with failures of the business

Question 9

Which type of marketing function enable the actual flow of commodities through space and time from producer to consumer?

Accepted Answer

Physical functions

Question 10

Which entrepreneurial trait gives an entrepreneur a positive outlook in life which gives the energy to pursue endeavors?

Accepted Answer

Ambition

Question 11

From a societal viewpoint, which of the following statements about marketing objectives is NOT true?

Accepted Answer

Maintain instability of supply and demand for marketed goods

Question 12

Which of the following is NOT a characteristic of an entrepreneur?

Accepted Answer

Irritated

Question 13

With which traits is an entrepreneur able to withstand the troubles that come with a starting business?

Accepted Answer

Perseverance

Question 14

Marketing channel operates with capital owned directly by the operator and their partner or in some cases by shareholder

Accepted Answer

Independent,locally-based private enterprises

Question 15

Which among these characteristics of an entrepreneur is UNDESIRABLE?

Accepted Answer

Impassive

Question 16

Which of the following is the correct definition of the term "entrepreneur"?

Accepted Answer

Seeks to create value for local communities, people, or customer

Question 17

Entrepreneur decide whether she wants to try to rejuvenate the product by invest in development and quietly admit defeat

Accepted Answer

Decline

Question 18

Targeting a new market of buyers and taking market share from competitors by price cutting or relaunching the product

Accepted Answer

Maturity

Question 19

Which of these traits an entrepreneur off of his/her feet and puts him/her into action, turning daydreams into reality?

Accepted Answer

Enthusiasm

Question 20

A tangible and intangible aspect is the thing you offer to satisfy your customer's wants and needs

Accepted Answer

Product

Questions 20