BUS 402 WEEK 2 QUIZ â€¢ Question 1 Primary cause of business failure is: â€¢ Question 2 Dirk wants to be in control. He’s tired of taking orders from others and wants to feel a sense of accountability for the outcome of his work. Dirk displays the entrepreneurial characteristic of: â€¢ Question 3 Potential drawbacks of small business ownership include: â€¢ Question 4 When building a home-based business, it is important that the entrepreneur: â€¢ Question 5 A key characteristic of a successful entrepreneur is: â€¢ Question 6 Juan is able to work well in a constantly changing atmosphere and has little concern for what tomorrow will bring. Juan demonstrates which of the following characteristics of a typical entrepreneur? â€¢ Question 7 “Copreneurs” are marked by: â€¢ Question 8 Entrepreneurs seem to be characterized by: S â€¢ Question 9 Launching and running a business can be an extremely rewarding experience, but it also can: â€¢ Question 10 Which of the following trends is feeding the growth of entrepreneurial activity? â€¢ Question 11 Entrepreneurs start businesses for a number of reasons including: â€¢ Question 12 Which of the following corporate trends have contributed to the growth of entrepreneurship? â€¢ Question 13 The growth of entrepreneurship is being fed by: â€¢ Question 14 Researchers who study entrepreneurs have discovered that: . â€¢ Question 15 A significant benefit of starting your own company is: â€¢ Question 16 The small firm’s “master plan” is its: â€¢ Question 17 Purchasing rival companies’ products, taking them apart, and analyzing them is: â€¢ Question 18 ________ are positive internal factors that contribute towards accomplishing the company’s objectives. â€¢ Question 19 ________ are specific measurable targets to be accomplished in a defined time period. â€¢ Question 20 Once the vision and mission are established, the entrepreneur needs to: â€¢ Question 21 A small business’s “aggregation of factors that sets it apart from its competitors” is its: â€¢ Question 22 ________ focuses everyone’s attention and efforts on the same target market. It is an expression of what the owner believes in. â€¢ Question 23 Rather than attempting to serve the total market, the small firm pursuing a ________ strategy specializes in serving a specific target segment. â€¢ Question 24 Small firms pursuing a cost leadership strategy have an advantage in reaching customers whose primary purchase criterion is: â€¢ Question 25 A small business owner needs to remember that when it comes to employee involvement in the strategic planning process: â€¢ Question 26 Which of the following best expresses the relationship of a company vision to its mission? â€¢ Question 27 A competitive profile matrix: â€¢ Question 28 A mission statement should answer which of the following questions? â€¢ Question 29 The most successful strategic plans make the ________ focal. â€¢ Question 30 The strategic planning process for small businesses is:
AcademicPaperExperts.com is a platform where students from all over the globe can get assignment assistance. It is our endeavor to provide customized assignments which are authentic for students in the United States, United Kingdom, New Zealand, Australia and other countries around the globe. Our team undergoes thorough training to handle all the inquiries in a professional manner. We do not set the bar in custom essay writing, we are the bar. All the custom papers and essays you order are written by our writers in tandem with your requirements.