Chapter 3 and 4 Entrepreneurship IT
Authored by suchanya saichana
Business
University
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25 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is not an element of business definition?
the offer
the acceptance
target market
production and delivery capability
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Business definition answers the questions of who, what, and ________.
how
when
why
None of the above.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A ________ is a group of people who would be interested in buying a given product or service.
market
consumer
customer
target
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
________ is the core values of an organization in action.
Mission
Culture
Vision
None of the above.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Your ________ is a concise communication of your strategy including your business definition, purpose, and your competitive advantage.
target market analysis
business plan
values statement
mission statement
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Business definition + competitive advantage is ________.
competitive tactics
competitive strategy
business mission
business plan success
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
For a business to be successful, a competitive advantage must be ________.
expensive
legal
sustainable
profitable
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