30 Questions
The number of new legal entities established in 2018 was lower than in 2017.
False
In 2018, the number of deregistered legal entities in Lithuania was higher than in 2017.
True
The balance of registered and deregistered legal entities improved in 2019 compared to 2018.
False
In 2019, closed joint-stock companies made up more than 80% of all operating companies in Lithuania.
True
The number of small communities increased by 34% in 2018 compared to the previous year.
True
The number of self-employed persons in the national economy has been increasing since 2016.
False
Identifying the target customer is not important in business.
False
You should try to force everyone to become your customer, even if they don't fit your customer profile.
False
A business developer can't benefit from having a mentor or coach.
False
Building a successful business is solely about pursuing your passion.
False
Every person is a potential customer for your business.
False
Mentors and coaches can help entrepreneurs avoid common mistakes and provide valuable guidance.
True
Creating a new product can provide opportunities to compete in an active market.
True
Improving existing products is not a strategy mentioned for staying ahead in the market.
False
Becoming the leader in a new product category is one way to succeed even if you're not the first.
True
Consumers play a role in the external influencing entities mentioned in the text.
True
Financial institutions are not involved in providing funds for the development of organizations.
False
Social elements such as demographics and values do not impact the market climate according to the text.
False
Entrepreneurs can benefit from valuable connections that may give them an advantage over competitors.
True
Competing in business requires taking drastic measures to destroy competitors.
False
Successful organizations always know what their customers want without asking them.
False
High traffic to a website automatically results in revenue generation.
False
Business success can be achieved by focusing on developing organizational partnerships.
True
Competing with a personal vendetta against competitors is a recommended strategy for business growth.
False
Self-employment is becoming more attractive due to decreasing wages of salaried workers and stable legal and tax regulations.
False
Improving the regulatory environment is not a factor that contributes to the attractiveness of self-employment.
False
In the World Bank's 'Doing Business 2020' study, Lithuania ranked 1st out of 190 evaluated countries in terms of improving business conditions.
False
Starting a business should not be based on solving real problems better, cheaper, or faster than current proposals.
False
Researching the market and evaluating competitors, customers, and opportunities is not essential before starting a business.
False
A business plan calculator is not recommended for developing a business idea.
False
This quiz focuses on generating new product ideas and services for different markets. It covers strategies like creating new product lines, improving existing products, and competing in active markets. Learn about alternative approaches to leadership positions and creating unique product categories to attract buyers.
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