Which of these is a method of product differentiation?
Having a unique selling point
Selling a product in multiple territories
Introducing a product at a low price
All of above
Q.2.
What helps to create brand identity?
Having multiple products
An increase in profits
Creating a logo for the company/product
Both A & B
Q.3.
What is an operating cost?
Something a business pays before the company starts
Something the company receives
Something the company pays for their day to day running
Something the company cant afford
Q.4.
Start up costs are...
the amount of money spent setting up a business
money spent on a regular basis to keep a business running
Fixed Costs + Variable Costs
costs which change with output
Q.5.
Which of the following is it OK to leave out of a business plan?
Executive summary
Location
Marketing
Employees needed
None of the above
Q.6.
What is a business plan?
Written document that only outlines the business practices of the new business.
Written document that describes the financial aspects of the business.
Written document that only describes the ownership of the business.
Written document that describes all the steps necessary for opening and operating a successful business.
Q.7.
Why do you need a business plan?
To explain your idea
the ability to get financing.
it's a road map that sets objectives and goals for the business
All of the above
Q.8.
All partnerships must be- 50?
True
False
Q.9.
Your business plan should never list any risks or potential problems.
True
False
Q.10.
True or False: Business plans are used by new, rather than established, firms
TRUE
FALSE
Q.11.
Which of the following statements about business plans is TRUE?
Business plans eliminate risk to lenders
Business plans reduce risk to lenders
Business plans increase risk to lenders
Business plans have no impact on risk to lenders
Q.12.
An entrepreneur is creating a business plan for a new business ; they are including a section on sources of finance. Which of these are appropriate sources of finance to suggest? (Suggest as many as are appropriate)
Grant
Bank loan
Owner savings
All of above
Q.13.
Which of these pieces of information would NOT be in a business plan put together by a new business?
Target market
Market research
Profit
Estimated cashflow
Q.14.
A target market is a group of _______ that the _______ has decided to aim its marketing efforts and ultimately its merchandise towards.
Companies, Business
Companies, Research
Customer, Business
Business, Customer
Q.15.
What are the solutions to the unemployment?
Encourage Entrepreneurship
All secondary schools should have active partnerships with employers
Earlier Career Guidance
All of the above
Q.16.
Which one from the above is not the main cause of unemployment?
decrease in Population
Slow Economic Growth
Fall of Cottage and Small industries:
slow Growth of Industrialisations
Q.17.
What is the unemployment?
refers to the person who does not have a job.
All people who are not working.
Unemployed citizens
Unemployment or joblessness is the situation of actively looking for employment but not being currently employed
Q.18.
Which places that are most affected by the poverty?
Rulal areas
Surbubs
Urban areas
Township
Q.19.
How can the poverty be addressed?
Create jobs
raise a minimum wage
Establish work schedules that work
All of the above
Q.20.
What are the causes of poverty?
corruption
world hunger
Lack of access to education
all the above
Support mcqgeeks.com by disabling your adblocker.
Please disable the adBlock and continue. Thank you.