Entrepreneurial Management Chapter 4

Entrepreneurial Management Chapter 4

University

30 Qs

quiz-placeholder

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Entrepreneurial Management Chapter 4

Entrepreneurial Management Chapter 4

Assessment

Quiz

Business

University

Medium

Created by

Christian Wilfred Morales

Used 1+ times

FREE Resource

30 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 2 pts

Target market is the seller of the product. II: High rates of population are located in rural areas. III: The managerial approach of an entrepreneur is characterized by adaptability rather than innovation. IV: The executive summary is an outline of the main body of the business plan and resembles a table of contents.
True
False
DEPENDS ON THE SCENARIO

2.

MULTIPLE CHOICE QUESTION

1 min • 2 pts

A target market is a set of defined consumers who needs plans to satisfy.
True
False
DEPENDS ON THE SCENARIO

3.

MULTIPLE CHOICE QUESTION

1 min • 2 pts

The objective of market identification is to determine the potential segment of society that will serve the firm.
True
False
DEPENDS ON THE SCENARIO

4.

MULTIPLE CHOICE QUESTION

1 min • 2 pts

Markets can be defined by the aggregate sales of related parties.
True
False
DEPENDS ON THE SCENARIO

5.

MULTIPLE CHOICE QUESTION

1 min • 2 pts

Market identification involves understanding the needs and preferences of potential customers.
True
False
DEPENDS ON THE SCENARIO

6.

MULTIPLE CHOICE QUESTION

1 min • 2 pts

Market identification is a one-time process and does not require regular updates.
True
False
DEPENDS ON THE SCENARIO

7.

MULTIPLE CHOICE QUESTION

1 min • 2 pts

Identifying a target market involves analyzing demographics such as age, gender, income, and location.
True
False
DEPENDS ON THE SCENARIO

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