EBM N4 Quiz 1

Which personal resource refers to the entrepreneur’s ability and expertise?

The difference between selling price and cost price is known as:

Which of the following is a method of generating ideas?

A product purchased only after comparing quality and price is a:

Primary data is collected through:

The point where total income equals total costs is called the:

Which segmentation method divides customers by age and income?

Which of the following protects an invention?

Which are reasons why businesses fail?

Which are creativity methods?

Which are examples of primary data collection?

Which are advantages of entrepreneurship?

Entrepreneurship always guarantees success.

A SWOT analysis evaluates strengths and weaknesses.

Secondary data is collected directly from customers.

Market segmentation helps identify target customers.

Match the term with its description.

Match the concept.

Explain FOUR personal qualities of a successful entrepreneur.

Describe the importance of conducting a market feasibility study before starting a business.