ENT305
Question: can be defined as an institution concerned primarily with the production and marketing of goods and services for the economy.
Answer: Business
Question: is agriculturally related business, concerned with the production, distribution and processing of food and fiber.
Answer: Agriebusiness
Question: is the first step for evaluating business opportunity.
Answer: Self-Analysis
Question: entrepreneurship is the practice of setting up a business or setting yourself up as self-employed in one of the creative industries.
Answer: Creative
Question: is an exploitable set of circumstances with uncertain outcome, requiring personal commitment, resources and involving exposure to risk.
Answer: Opportunities
Question: Distribution channels is also known as
Answer: Market intermediaries
Question: 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.
Answer: Idea generation
Question: is a document demonstrating the feasibility of a prospective new business and providing a roadmap for its first several years of operation.
Answer: Business plan
Question: The following are sources of idea of opportunities or products expect;
Answer: None of the above
Question: 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 ordpr to standardize operating procedures.
Answer: Franching
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