15 Questions
Which of the following is not a part of the physical environment in the context of an entrepreneurial venture?
Technological Forces
In market positioning, what does concentrated or niche marketing focus on?
Targeting a specific market segment
What is the form of business organization that involves unlimited liability?
Partnership
Which of the following is considered an aspect of the societal environment scanning?
PESTEL Analysis
Which of the Four Ms of Production refers to the human resources involved in production?
Manpower
Which model is used for analyzing the competitive forces in the industrial environment?
Forces of Competition Model
In the context of forms of business organization, which type is a Non-stock Corporation?
Partnership
What is an important consideration for entrepreneurs when evaluating the physical environment for their business?
Prevalent Climatic Condition
Which factor primarily refers to the integrated characteristics of a society in the societal environment?
Cultural Forces
What is a key element that entrepreneurs should consider regarding the societal environment?
Preservation of Ecological System
What is the primary focus of the Industrial Environment Scanning?
Forces of Competition Model
In the context of an entrepreneurial venture, what aspect does the physical environment mainly involve?
Climate and Physical Resources
What does the Societal Environment mainly comprise in the context of an entrepreneurial venture?
Societal, Political, Cultural, Economic, Legal, and Technological Forces
Which form of business organization involves stockholders and issues shares of stock?
Domestic Corporation
What is a major factor influencing the success or failure of a business venture in terms of physical environment?
Climate
Prepare for the Entrepreneurship 3rd Quarterly Examinations for the 2nd Semester of the school year 2023 – 2024 with this review material. The outline includes Differentiated Marketing, Concentrated or Niche Marketing, and review of Environment of an Entrepreneurial Venture such as Physical and Societal Environment.
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