review entrep

When an entrepreneur introduces innovative solutions to any obstacles and

problems in the enterprise, he is a

• planner

• proactive

• risk-taker

• problem-solver

When an entrepreneur convinces customers and financiers to patronize his

business, he has

• initiative

• persuasion

• Perseverance

• self-confidence

It is the payment made to the entrepreneur as recompense for taking the risk of turning a company idea into a successful venture.

• Market

• Profit

• Product

• Sales

When business owners put together and coordinate resources—physical, human, and financial

resources and guide them toward achieving and pursuing goals using

managerial abilities, entrepreneurship results in the 

• creation of organizations

• economic development

• improvement of standard of living

• development of managerial capabilities

This will answer if the location traffic generally composed of your target

customers.

• exact fit to target customers

• image and location conditions

• fiscal and regulatory requirements

• clustering of competitor establishment

is an advertising strategy that focuses on placing advertisements on public transportation as well as public transportation locations.

• broadcast media

• movie advertising

• print media

• transit advertising

Which of the following is NOT one of the 7 P's of the marketing mix?

• Place

• Product

• Process

• Promotion

How to compute Net Income?

• Add net sales and expenses

• Add gross sale and expenses

• Deduct expenses from net sales

• Deduct net sales from expenses

When ROI is 10.5% and above, the company is at risk of failing.

• True

• False

• Maybe

• None of the above

What is net sales when the gross sale is 10,000 and the cost of goods sold is 5,000?

• -5000

• 4000

• 5000

• 50,000