McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Master of Business Administration (MBA) .
Chapters
| 51. |
The activity which occurs when the new venture is started is called: |
| A. | Motivation |
| B. | Business skills |
| C. | Departure point |
| D. | Goal orientation |
| Answer» C. Departure point | |
| 52. |
The level at which an individual is viewed by society is called: |
| A. | Financial status |
| B. | Qualification |
| C. | Social status |
| D. | Achievement |
| Answer» C. Social status | |
| 53. |
Which one of the following is an important source of idea generation due to their familiarity with the needs of market? |
| A. | Existing products and services |
| B. | Distribution channels |
| C. | Federal government |
| D. | Consumers |
| Answer» B. Distribution channels | |
| 54. |
Members of distribution channels are excellent sources for new ideas because: |
| A. | They earn a handsome profit from new business |
| B. | They are familiar with the needs of the market |
| C. | They do not bother if entrepreneur bears a loss |
| D. | They have well-developed sales force |
| Answer» B. They are familiar with the needs of the market | |
| 55. |
Which one of the following is the most important characteristic of a successful business website? |
| A. | Innovation |
| B. | Speed |
| C. | Graphics |
| D. | Products |
| Answer» B. Speed | |
| 56. |
Which one of the following is the next stage to the Concept Stage of Product Planning and Development Process? |
| A. | Idea Stage |
| B. | Product Planning Stage |
| C. | Product Development Stage |
| D. | Test Marketing Stage |
| Answer» C. Product Development Stage | |
| 57. |
SBA stands for: |
| A. | Small business accountants |
| B. | Small business administration |
| C. | Small business adequacy |
| D. | Small business advisors |
| Answer» B. Small business administration | |
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