The Basic of Entrepreneur
The Basics of Entrepreneurship Quiz
Test your knowledge on the fundamentals of entrepreneurship with our comprehensive quiz! This quiz covers various aspects of being an entrepreneur, including characteristics, marketing strategies, and business management.
- 30 thought-provoking questions
- Multiple-choice, text, and checkbox formats
- Learn while you assess your entrepreneurial knowledge
What is an Entrepreneur?
Someone who creates a new business in the face of risk and uncertainty for the purpose of achieving profit and growth by identifying opportuniities and assembling the necessary resources to capitalize on them.
Someone who creates a business for the purpose of achieving profit and growth.
Someone who is willing to work 8 hours a day.
Choose 5 correct answer the characteristics of entrepreneurs?
Preference for moderate risk
High level of energy
Competitiveness
Skilled at organizing
Lack of confidence
Money Orientation
Self-reliance
Unwilling to take initiative
What is the benefit of small Business Ownership?
Control your own destiny.
Limit your potential.
To be famous
Just for fun
What is the risk of small business ownership?
Uncertainty of income.
No responsibility
A lot of haters
A bit stress
How to avoid of small business failure? (Choose 3 correct answer)
Know your business in depth.
Prepare a business plan.
Manage financial resources.
Maintain an arrogant attitude.
Set your business same as your competitors.
What is Marketing?
The Process of Understand target Custemor's Need, demands, and wants.
The process of offering customer the products and services to satisfy their needs, demands and wants.
The Process of creating and delivering desired goods and services to customers, involves all of the activities associated with winning and retaining loyal customer.
The process of providing customers with quality, service, convenence and value.
Why do we need to do a marketing plan?
To identify the target markets
To determine customer needs, wants and characteristic.
To make sure we are better than competitor
To create brand
How to maintain the quality in your business?
Introduce new product every month
Use only the best suppliers.
Provide managers and employee with the training
Empower workers at all level of the organization
Set higher price for your product to gain higher customer expectation.
Reward employees for quality work
Which one is categorize under the marketing Mix (4P's)?
People
Product
Packaging
Process
Promotion
Place
Price
Why do you need to advertise your product?
As awareness to customer of your product/ service.
To make the owner glamour
To convince customers that your product/ service can fulfill their needs
Enhance your image
Reinforce sales people's Messages
Is it important for you to register your brand name in MyIPO for Trademark protection?
Yes
No
Not really
It's a must
What is the criteria of good commercial Ad?
Not more than 3 Minutes
Keep it simple
Serious concept
Edu-Entertain
With subtitle
Which is the most powerful marketing strategy for your shop?
Selection of colors
Proper lighting
Scents
Background music
Proper arrangement
External Appearance
Entrances
Signage
What can affect the Price?
War
Product/ service costs
Seasonal functuations
Diseases
Competitor's price
Brand
Year End
Substitute products
Political
Which is the Price strategies for your new product?
Penetration
Life cycle pricing
Discount/ Free gift
Skimming
Bundle Price
Which one is the correct answer for the Dropship model?
Customer Places order and pays you retail price
You order to your supplier and pay wholesale price
Supplier ships the product directly to your customer
You keep the stock and ships the product to your customer
You pick up the product from your supplier then ship to your customer.
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