ENT305 Tma Solutions
1. ___is agriculturally related business, concerned with the production, distribution and processing of food and fiber.
—>> Agricbusiness
Food business
Fiber business
Cloth business
2. _____entrepreneurship is the practice of setting up a business “ or setting yourself up as self-employed in one of the creative industries.
—>> Creative
Innovative
Social
Infopreneur
3. ______represents the creative process of generating, developing, and communicating new ideas, while an idea is understood as a basic element of thought that can be visual, concrete, or abstract.
—>> Idea generation
Idea conceptualization
Business conceptualization
Business idea
4. _____is a document demonstrating the feasibility of a prospective new business and providing a roadmap for its first several years of operation.
Business report
Executive summary
—>> Business plan
Feasibility studies
5. _____can be defined as an institution concerned primarily with the production and marketing of goods and services for the economy.
Industry
—>> Business
Entrepreneurship
Organisation
6. The following are sources of idea of opportunities or products expect;
Internal sources
External sources
—>> None of the above
All of the above
7. _____is an exploitable set of circumstances with uncertain outcome, requiring personal commitment, resources and involving exposure to risk.
Priority
Privilege
—>> Opportunities
Uncertainity
8. Distribution channels is also known as _____
—>> Market intermediaries
Retailers
Middle men
Agent
9. _____is the first step for evaluating business opportunity.
—>> Risk Assessment
Market Research
Financial components
Self-Analysis
10. _____arrangement whereby the manufacturer or the sole distributor of a trademark, product or service grants exclusive rights for local distribution to independent retailers in return for their payment of conformity and royalties in order to standardize operating procedures.
Partnership
Sole propretiorship
Joint venture
—>> Franching
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