15. It is a managerial tool used to assess the environment. A. Constraints evaluation C. SWOT Analysis B. Level Opportunities D. Reference Evaluation
16. It may involve modification of an existing product or its presentation, or formulation of an entirely new product that satisfies a newly defined customer's needs, wants, and C. Managerial Tools D. Product Development market place. A Work Management B. SWOT Analysis
17. It refers collectively to the entire process, of identifying the market opportunity, creating a product to appeal to the identified market and testing, modifying the refining the product until it becomes ready for production A Development C. Analysis B. Management D. Evaluation
18. It is the factor or consideration presented by a seller as the reason that one product or service is different and better than that of the competition A. Innovation C. Unique Selling Proposition B. Finding value D. Acceleration
19. It is the introduction of something new in your product or service. A Value C. Product Development B. Management D. Innovation
20. It is a believable collection of the most persuasive reasons why people should notice you and take the action you're asking for. It is what gets people moving, what makes people spend for your product or services. A. Value Proposition C. Finding Value B. Unique Selling Proposition D. Product Development
21. It is the marketing practice of creating a name, a symbol or design that identifies and differentiates product or services from the rest. A Managing C. Developing B. Branding D. Preparing
22. Entrepreneurs have self-reliance in one's ability and judgement. A Disciplined C. Ability to accept change B. Hardworking D. Creative
23. Which of the following is NOT a tip to publicize your product or brand? A. Use Empathy C. Design a logo B. Sustain a brand quality D. Write a brand message
24. Which of the following is NOT a quality of a good product? A Confirm credibility C. Connect to target prospect B. Practice consistency D. Concretize user loyalty
25. An entrepreneur makes wise decisions towards the set objectives. A. Excellent planner C. Sound decision maker B. Possess people skills D.
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Answers & Comments
Answer:
15. It is a managerial tool used to assess the environment
•C. SWOT Analysis
16.It may involve modification of an existing product or its presentation, or formulation of an entirely new product that satisfies a newly defined customer's needs, wants,
•D. Product Development market place.
17. It refers collectively to the entire process, of identifying the market opportunity, creating a product to appeal to the identified market and testing, modifying the refining the product until it becomes ready for production
•A Development
18. It is the factor or consideration presented by a seller as the reason that one product or service is different and better than that of the competition
•C. Unique Selling Proposition
19. It is the introduction of something new in your product or service.
•D. Innovation
20. It is a believable collection of the most persuasive reasons why people should notice you and take the action you're asking for. It is what gets people moving, what makes people spend for your product or services.
•A. Value Proposition
21. It is the marketing practice of creating a name, a symbol or design that identifies and differentiates product or services from the rest.
•B. Branding
22. Entrepreneurs have self-reliance in one's ability and judgement.
•B. Hardworking
23. Which of the following is NOT a tip to publicize your product or brand?
•A. Use Empathy
24. Which of the following is NOT a quality of a good product?
•C. Connect to target prospect
25. An entrepreneur makes wise decisions towards the set objectives.
•B. Possess people skills
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