Top 250+ Solved Entrepreneurship and Small Business Management MCQ Questions Answer
Q. In the creativity and innovation matrix, what is a 'medium level of creativity' and a 'mediumlevel of innovation' referred to as?
a. Winner
b. Loser
c. Mediocre
d. Average
Q. The following example of networking represents which type of activity: In an entrepreneurial setting, you might be: renewing contact with a old school friend, now working in a finance house, to provide advice or support for the venture; converting an informal contact made while on holiday into a potential client; or building a much closer relationship with a supplier, which may lead to a formal alliance or merger.
a. Creating new ties
b. Renewing and pruning existing ties
c. Developing existing ties
d. Extending existing ties
Q. _________ __________ between people in the personal contact network play an important communications role, enabling the entrepreneur to identify opportunities that are not evident to others.
a. Good relations
b. Weak ties
c. Strong ties
d. Unique connections
Q. What are the missing words in the following definition: 'The management of regular marketing can be characterized by a careful planning process which is informed by _____ _____ to guide the selection of target markets and the composition of a marketing mix with which to position products competitively within the marketplace.
a. Environmental forecasting
b. Market research
c. Product analysis
d. Customer understanding
Q. What characterizes the techniques used in entrepreneurial marketing?
a. Mass media, passive reception, customer resistance
b. Low cost, word-of-mouth
c. Informal, personal and strongly interactive
d. Guerrilla marketing and ambush marketing
Q. Business opportunity relates with
a. Business possibilities
b. Commercially feasible projects
c. Risky projects
d. Favourable market demand
Q. Early growth stage fails to consider following symptoms.
a. Very slow
b. Perceived comfort zone
c. Very rapid
d. Rapid
Q. Very rapid situation indicates
a. Increase in production
b. Rapid increase in production
c. Rapid increase in sales
d. Increase in sales
Q. Enterprise positioning is meant for
a. Short-term arrangement
b. Continuous process
c. Long-term process
d. None of the above
Q. Techno-economic analysis deals with identification of the
a. Supply potential
b. Demand potential
c. Export potential
d. Import potential
Q. Input analysis relates with
a. Funding requirement
b. Material requirement
c. Labour requirement
d. Resource requirement
Q. General objective of selecting a location is not he following
a. Minimise the cost of production
b. Minimise the distribution cost
c. Minimise the cost of capital
d. None of the above
Q. External economies affect location
a. Generally
b. Exceptionally
c. All of the above
d. None of the above