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