The Basic of Entrepreneur

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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

30 Questions8 MinutesCreated by ExaminingTree247

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.

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

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

Not really

It's a must

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.

The Basic of Entrepreneur

The Basics of Entrepreneurship Quiz

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