ENT305 Solutions

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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