Business Development Multiple Choice Questions PDF

CHAPTER 2 MULTIPLE CHOICE QUESTION 1. Which business entity has a maximum of 20 owners and offers no limited liability protection? A. Private Limited Company (Sdn Bhd) B. Partnership C. Cooperative D. Public Limited Company (Berhad) Answer: B. Partnership 2. A business entity that is r...

CHAPTER 2 MULTIPLE CHOICE QUESTION 1. Which business entity has a maximum of 20 owners and offers no limited liability protection? A. Private Limited Company (Sdn Bhd) B. Partnership C. Cooperative D. Public Limited Company (Berhad) Answer: B. Partnership 2. A business entity that is required to be listed on Bursa Malaysia and has no limit on the number of shareholders is known as: A. Sole Proprietorship B. Partnership C. Private Limited Company (Sdn Bhd) D. Public Limited Company (Berhad) Answer: D. Public Limited Company (Berhad) 3. Which of the following is an example of a business concept? A. McDonald's sells fast food. B. Grab provides food delivery services through a mobile app. C. Apple produces branded smartphones. D. Tesla produces electric cars. Answer: B. Grab provides food delivery services through a mobile app.  4. What type of business is owned by one person? A. Partnership B. Private Limited Company C. Sole Proprietorship D. Public Limited Company Answer: C. Sole Proprietorship 5. Which of the following is an example of a social objective? A. Increasing market share by 15% B. Implementing a recycling program to reduce waste C. Launching a new product line to boost revenue D. Achieving a 10% increase in annual profit Answer: B. Implementing a recycling program to reduce waste 6. An objective focused on improving employee satisfaction and morale falls under which category? A. Economic Objectives B. Human Objectives C. Organic Objectives D. Social Objectives Answer: B. Human Objectives 7. Which of the following is an example of a strategy to enhance brand reputation? A. Offering massive discounts on new products. B. Reducing production costs to increase profits. C. Launching a charity campaign to help the local community. D. Expanding the product line without market research. Answer: C. Launching a charity campaign to help the local community.  8. Which company is known for its strong and consistent brand image? A. Proton B. Apple C. Mydin D. Nestle Answer: B. Apple 9. Which of the following is a primary goal of business development? A. Reducing production costs B. Improving employee satisfaction C. Expanding the customer base D. Streamlining internal processes Answer: C. Expanding the customer base 10. A business development strategy that involves combining two companies to form a new entity is known as: A. Market research B. Merger and acquisition C. Strategic alliance D. Sales promotion Answer: B. Merger and acquisition 11. A tech startup like Spotify focuses on _________ strong relationships with music labels and artists to expand its music library and user base. A. building B. breaking C. ignoring D. competing with Answer: A  12. Tesla identified the __________ in the electric vehicle market and focused its business development efforts to become a leader in this industry. A. challenges B. opportunities C. obstacles D. competitors Answer: B 13. __________ involves promoting products to end customers through advertising and promotion. A. Sales B. Marketing C. Product Management D. Vendor Management Answer: B. Marketing 14. A company like Coca-Cola uses television commercials and social media campaigns to ____________ its new line of sugar-free beverages. A. Promote B. Sales C. Product Management D. Vendor Management Answer: A 15. __________ involves establishing partnerships with external vendors for various services. A. Strategic Initiatives B. Project Management C. Vendor Management D. Cost Savings Answer: C  16. A tech startup might partner with a cloud service provider like Amazon Web Services to handle its IT infrastructure, which is a key aspect of vendor management. A. Strategic Initiatives B. Project Management C. Vendor Management D. Cost Savings Answer: C 17. __________ focuses on identifying potential business partners to expand market reach. A. Strategic Partnerships and Alliances B. Product Development and Innovation C. Customer Relationship Management D. Financial Analysis and Funding Answer: A. Strategic Partnerships and Alliances 18. __________ involves understanding customer needs and preferences to inform product development. A. Sales and Lead Generation B. Market Research and Analysis C. Strategic Partnerships and Alliances D. Product Development and Innovation Answer: B. Market Research and Analysis 19. Airlines often form ____________ with hotel chains to offer bundled travel packages, expanding their customer base. A. Strategic Partnerships B. Product Development and Innovation C. Customer Relationship Management D. Financial Analysis and Funding Answer: A. Strategic Partnerships and Alliances 20. A company like Tesla conducts extensive ___________ to identify consumer trends in electric vehicles, which informs their product development strategy. A. Sales and Lead Generation B. Market Research C. Strategic Partnerships and Alliances D. Product Development and Innovation Answer: B. Market Research 21. __________ involves combining two companies to form a new entity. A. Market Research and Analysis B. Strategic Partnerships and Alliances C. Mergers and Acquisitions D. Financial Analysis and Funding Answer: C. Mergers and Acquisitions 22. __________ involves identifying potential customers and evaluating their suitability. A. Market Research/Analysis B. Establish Clear Goals and Objectives C. Generate and Qualify Leads D. Build Relationships and Present Solutions Answer: C. Generate and Qualify Leads 23. A business development manager needs to be skilled in ______________ to close deals with potential clients. A. Communication B. Sales and Negotiating C. Market Awareness D. Strategic Thinking Answer: B. Sales and Negotiating 24. A business development professional needs _________ to develop effective growth plans for the company. A. Analytical Skills B. Project Management C. Ethical Conduct D. Strategic Thinking Answer: D. Strategic Thinking 25. __________ can significantly impact business practices, marketing strategies, and product offerings. A. The Environment B. Economic Shifts C. Social Norms D. Technological Developments Answer: D. Technological Developments 26. The rise of e-commerce platforms due to advancements in internet technology has transformed retail businesses. This statement refers to _______ A. The Environment B. Economic Shifts C. Social Norms D. Technological Developments Answer: D. Technological Developments 27. Changes in consumer preferences due to shifting __________ can influence the popularity of certain products and businesses. A. The Environment B. Economic Shifts C. Social Norms D. Technological Developments Answer: C. Social Norms 28. Growing awareness of environmental issues has led to increased demand for eco-friendly products. This situation refers to _____________. A. The Environment B. Economic Shifts C. Social Norms D. Technological Developments Answer: C. Social Norms