CURIE ENTREP QUIZZES

1) A formula on how the enterprise exactly plans to make money out of this business A. Business Model B. Business Plan C. Business Concept D. Business Goals

D

2) The following are sections of a business plan except: A. Financial Forecasts B. Introduction C. Executive Summary D. None of the above

D

1) It is the final stage after opportunity seeking and screening A. Opportunity Seizing B. The Feasibility Study C. The Pre-Feasibility Study D. Financial Forecast

a

1. It is the process of creating and accumulating customers a. Marketing b. Promoting c. Competing d. Positioning

a

1. The mind that deals with the conceptualization and embellishment of a product. a. The Creative Mind b. The Business Mind c. The Technical Mind d. The Opportunist Mind

a

10) An income statement is a financial statement that measures a performance of an enterprise. The formula for this is: A. Revenues - Expenses = Income or Profit (Loss) B. Assets = Liabilities + Equity C. Return on Sales = Net Profit After Taxes/Sales D. Return on Assets = Net Profit After Taxes/Total Assets

a

10. All these are part of the respondent selection process except: A. Definition B. Classification C. Elimination D. Screening

a

10. True or False. Such factors that results dissatisfaction with current products that do not warrant the introduction of new, improved versions, or modifications of the product. a. True b. False

a

2. Odd one out a. Time b. Promotion c. Place d. Price

a

3) In this stage an entrepreneur asks how much money is needed to start the business opportunity A. Investment Requirements B. Market Potential C. Target Audience D. Opportunity Seizing

a

3. A way of communication where efforts are present (flyers, campaign, promo tours, product offering, emails, etc.) a. Direct Communication b. Indirect Communication c. One directional Communication d. Redirect Communication

a

4) It involves the flow of resources A. Cash Flow Statement B. Funds Flow Statement C. Income Statement D. Balance Sheet

a

4. Which of the following describes psychographics? A. Perceptions of consumers B. Where consumers live C. Result of the research D. All of the above

a

5) The executive summary is written last but placed on the first part of the business plan. This is done for presentation purposes. A. Both sentences are true. B. Both sentences are false. C. Only the first sentence is true. D. Only the first sentence is false.

a

5.Packaging lengthens the lifespan, physically protects and extends the usefulness of a product. a. Product Preservation b. Brand Distinction c. Address environmental issue d. Brand Identification

a

6. A type of product that is newly generated or of completely new performance benefits a. Breakthrough b. Copycat c. Niche d. Second hand

a

6. True or False. Product launching includes the task of determining the best way to maximize sales to its target audience. a. True b. False

a

7. Which of the following questions is answered by the business mind? a. How do I intend to make money out of selling this product or service? b. How do I intend to convert this product concept into something concrete and real? c. What is the purpose of my product or service? d. Will my product elevate its customers to a new level of self-actualization?

a

8) Refer to the tastes of particular groups of people and affects their behavior in the market A. Customer Preferences B. Customer Desires C. Customer Interests D. Consumer Perceptions

a

8) This shows the future and long-term prospects of the enterprise. A. Business Goals B. Business Plan C. Business Model D. Executive Summary

a

8. The enterprise scans the market environment and decides to position itself with products that specifically address the needs of a chosen target market. a. Enterprise Perspective b. Customers perspective c. Competitive Perspective d. Own Perspective

a

9. A levels of product appeal wherein the concept is to make a product appeal to the consumer's sensesand evoke emotions. a. Sensorial-emotional b. Purpose c. Appeal d. Technology

a

9. Defined as the understanding by an individual of their rights as a consumer concerning available products and services being marketed and sold. a. Consumer Awareness b. Value Proposition c. Consumer Interest d. Consumer Feedback

a

9. Which of the following is considered as a factor in making a market map? A. Demography B. Psychographics C. Technology D. Habits

a

10. A pricing method characterized by Setting the price higher than the variable costs but lower than the full costs to increase profitability. a. Cost recovery pricing b. Marginal Pricing c. Bundle Pricing d. Price Skimming

b

2. Process of configuring and reconfiguring the technical aspects of a product to be able to produce a new one. a. Technological Adaptation b. Technological Rendering c. Technological Conceptualization d. Technological Process

b

2. What allows entrepreneurs to make wiser decisions because of obtained data? A. Experimental research B. Market research - C. Correlational research D. Pre-research design

b

3. Organizes resources to develop, launch and commercialize the product to maximize its market value a. The Creative Mind b. The Business Mind c. The Technical Mind d. The Opportunist Mind

b

5) This is done by using demographics and field research (surveys, focus groups, interviews, etc.) A. Estimating Market Shares and Sales B. Segmenting the Market C. Financial Forecast D. Income Report

b

8.Which of the terms are matched incorrectly? a. Product conceptualization and the Creative mind b. Product Development and the Creative c. Product Development and the Technical Mind d. Product Launch and the Business mind

b

9) A macroenvironment that defines the governance system of the country A. Socio-political B. Political C. Economic D. Socio-economic

b

1. All of these are ways to arrange data in sales data mining except: A. Histogram B. Frequency polygon C. Pictures - D. Pie chart

c

10) Part of the EDS that includes customer satisfaction level, profits generated... A. Output B. Input C. Outcome D. Throughput

c

2) It is an idealized abstraction of the product or service to be offered A. Prototype B. Final Product C. Concept D. Tester

c

3. All of the following describes demographics except A. Age B. Economic status C. Mastery of using a product D. Gender

c

4) The process of the EDS from start to finish: A. Outcome, Input, Throughput, Output B. Input, Output, Outcome, Throughput C. Input, Throughput, Output, Outcome D. Input, Throughput, Outcome, Output

c

5. It is the most preferred instrument for in-depth quantitative research? A. Survey research B. Survey analysis C. Survey questions D. Focus group discussion

c

6) An opportunity source which refers to the 'big forces' affecting the area, industry, and market A. Economic Environment B. Micro environment C. Macro environment D. Industry environment

c

6. Sampling techniques are classified into... A. Simple random and stratified B. Snowball and cluster C. Probability and non probability D. Selective and random

c

7) Defined as the unique selling proposition of the enterprise A. SPEET B. Target Customers C. Main Value Proposition D. Market Demand and Supply

c

7. Normally, a focus group discussion lasts for: A. 30-45 minutes B. 1 and a half up to 3 hours C. 45 minutes- 1 hour D. 2-4 hours

c

7. Products with lower reach, lower prices, lower visibility a. Breakthrough b. Copycat c. Niche d. Second hand

c

8. What kind of product is produced by market segmentation? A. Goods for all B. Products for everyone C. Specialized product D. Goods for the masses

c

9) Allows the entrepreneur to see things in a very positive light A. Entrepreneur's gut B. Entrepreneur's heart C. Entrepreneurial mind frame D. Entrepreneur optimism

c

3) This kind of macroenvironment includes all natural resources and the ecosystem that defines the habitat of man, animals, plants and minerals. A. Political B. Economic C. Technological D. Ecological

d

4. The following shows the product levels of appeal except: a. Purpose b. Sensorial-emotional c. Technology d. Appeal

d

4. Which of the following is not a factor of effective promotion? a. Credibility of communicator b. The message and medium of message c. Receptiveness of audience d. None of the above

d

5. Fill in the blank: The _________ mind must intervene to provide the quality and performance specifications through technology. a. Opportunist b. Creative c. Business d. Technical

d

6) This is the last section of the business plan. A. Financial Forecasts B. Financial Structure and Capital Offering C. Environmental and Regulatory Compliance D. Capital Structure and Financial Offering

d

7) After narrowing down the opportunities and selecting one or two, what is conducted to ensure the viability of the opportunity/ies? A. Viability study B. Business frameworking C. Feasibility study D. Pre-feasibility study

d