Podcast
Questions and Answers
Having a strong brand can lead to better customer loyalty, corporate image, and identity.
Having a strong brand can lead to better customer loyalty, corporate image, and identity.
True
Innovation and creativity are not essential for distinguishing an entrepreneur from an ordinary businessperson.
Innovation and creativity are not essential for distinguishing an entrepreneur from an ordinary businessperson.
False
An entrepreneurial venture can only be a sole proprietorship.
An entrepreneurial venture can only be a sole proprietorship.
False
Innovation is primarily noticeable in the delivery stage of a manufacturing operation.
Innovation is primarily noticeable in the delivery stage of a manufacturing operation.
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Manpower is not considered a significant factor in the production process.
Manpower is not considered a significant factor in the production process.
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The entrepreneur must match skilled employees with jobs, among other criteria.
The entrepreneur must match skilled employees with jobs, among other criteria.
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Materials are not a crucial part of the finished product.
Materials are not a crucial part of the finished product.
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When selecting manufacturing equipment, an entrepreneur does not need to consider the availability of spare parts in the local market.
When selecting manufacturing equipment, an entrepreneur does not need to consider the availability of spare parts in the local market.
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The production method does not depend on the type of products to be produced.
The production method does not depend on the type of products to be produced.
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An entrepreneur should not consider waste produced by raw materials when purchasing them.
An entrepreneur should not consider waste produced by raw materials when purchasing them.
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