BUS 4401 Unit 8 Entrepreneurship 2 Self Quiz 5 Q&A- University of the People 2023
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BUS 4401
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BUS 4401
BUS 4401 Unit 8 Entrepreneurship 2 Self Quiz 5 Q&A- University of the People 2023BUS 4401 Unit 8 Entrepreneurship 2 Self Quiz 5 Q&A- University of the People 2023
bus 4401 unit 8 entrepreneurship 2 self quiz 5 qampa
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Value Chain Analysis is:
Select one:
a. a generalized version of the Business Utility Matrix defined in the Blue Ocean Strategy
b. a specific version of the Business Utility Matrix defined in the Blue Ocean Strategy
c. a quick version to identify incremental product and service innovations
d. an analysis used in ethical considerations pertaining to entrepreneurship all over the world
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The correct answer is: a generalized version of the Business Utility Matrix defined in the Blue Ocean
Strategy
According to Hoffman Entrepreneurship is:
Select one:
a. the phenomenon associated with entrepreneurial activity.
b. the business process associated with entrepreneurial economy
c. the financial process associated with entrepreneurial activities
d. the creative process associated with entrepreneurs.
Feedback
The correct answer is: the phenomenon associated with entrepreneurial activity.
Disadvantages of the Sole proprietorship Include:
Select one:
a. Unlimited liability and can be hard to raise capital.
b. Limited liability and can be hard to raise capital.
, c. Unlimited liability and relatively easy to raise capital.
d. Limited liability and relatively hard to grow capital.
Feedback
The correct answer is: Unlimited liability and can be hard to raise capital.
According to the International Franchise Association, the estimated number of franchised
locations in the U.S. is almost:
Select one:
a. 400,000 in 75 industries, employing almost 10 million workers, in more than 2,500
companies.
b. 150,000 in 25 industries, employing almost 0.5 million workers, in more than 500 companies.
c. 800,000 in 175 industries, employing almost 100 million workers, in more than 200,500
companies.
d. 200,000 in 75 industries, employing almost 10 million workers, in more than 2,500 companies.
Feedback
The correct answer is: 400,000 in 75 industries, employing almost 10 million workers, in more than
2,500 companies.
Examples of branding include the following EXCEPT:
Select one:
a. a poor press review for a new product
b. a corporate image designed by a professional designer
c. a marketed image
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