Introduction to Entrepreneurship

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  • Created by: QT
  • Created on: 11-02-14 12:04

1. Which strategy should a firm use that wants to enter a new market with an existing product?

  • Penetration strategies
  • Diversification strategies
  • Market development strategies
  • Product development strategies
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Other questions in this quiz

2. Which of the following is NOT a motivation to globalise?

  • Raw materials
  • Tariffs
  • Cheap labour
  • Lower taxes

3. How frequently do entrepreneurs fail?

  • 40% within the first 8 years
  • 30-50% within the first 7-9 years
  • 50-80% within the first 5-7 years
  • 75% within the first year

4. Which of the following is NOT a dimension of success?

  • Profitability
  • Sustainability
  • Viability
  • Feasability

5. Which of the following personality traits are relevant for entrepreneurs?

  • Extraversion, neuroticism, conscientiousness
  • Extraversion, conscientiousness, openness
  • Agreeableness, extraversion, openness
  • Openness, neuroticism, conscientiousness

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