2 points In determining the particular services to provide to customers, businesses consider their and resources. Important, Unimportant human, environmental Environmental, financial Financial, human Business Plan, Feasibility As a business, creating an avenue to 2 points move the goods to the final consumer is very important; channels of distribution benefit consumers by increasing profits for businesses. lowering the prices of all consumer products. O raising the quality of all consumer products. making a variety of products available to them make the business managers and the delivery people busy. Funding is critical for a startup. What 2 points are the primary reasons that startups need funding? Cash flow challenges, capital investments, and long product development cycles Business research, cash flow challenges, and costs associated with building a brand Bonuses for members of the new venture team, legal fees, and lengthy product development cycles Attorney fees, capital investments, and marketing research Business Plan, Feasibility Study, Venture, Canvas 2 points The segment of a market that represents the specific portion available for the business is referred to as TAM: Total Available Market SOM: Share of Market SAM: Serviceable Available Market FAM: Fund Available Market ! O SAM: Segmented Available Market 2 points It is essential for a business to consider its customers; if a business considers where the consumers are and who they are before selecting a channel of distribution, the business is considering the factor. human promotion market Sales business canvas 2 points When determining financing needs, what factor should businesses consider that will help decide whether they can repay the debt? Liquidity Depreciation Equity Inventory Bank Account 2 points Organisational Chart is relevant because, It; Makes the CEO the Head of business Distributes power, authority and responsibilities Shows responsibilities Shows shareholding patterns Shows key functions of a business 2 points Which of the following employees would most likely be described as "innovative" by his/her supervisor: Musa, because he is always willing to adapt to changes during a project Ngozi, because she prefers to stick to traditional ideas and processes Yemi, because she gets frustrated when she needs to learn new skills Adamu, because he is usually quiet during brainstorming sessions O Jane, because she is likes to work alone ! It is essential for a business to 2 points All of the following are management 2 points tasks, except one: Coaching Planning Change Agent Forecasting the Future Business policy 2 points To arrive at a cost-plus pricing, you need to calculate: Cost + interest + unit Cost + mark-up + number of customers Cost + mark-up Cost + quality + mark-up Cost + quality + number of customers 2 points For proper description of a target market, there is need to consider all of the following except one: Clients Communications Costs Interest Convenience 2 points is Notwithstanding their type, size, market or industry, the most important task in all companies controlling Boarding Managing Controlling Financing In most startup and small businesses, 2 points tasks are differently executed. Which statement is most correct? One person double as several roles O No dedicated leader Management controls the board Usually the CEO is the accountant No structure 2 points Motives, perception, attitude, lifestyle, personality, and abilities are factors influencing consumer behaviour. political social psychological O economic O personal 2 points True or false: In determining the selling price of a good or service, most of the factors to be considered by the seller are internal to the business. O True, most factors affecting price are internal to the business. False, most factors affecting price are not controlled by the firm. True, most factors affecting price are directly controlled by the business. False, most factors affecting price are directly controlled by the business. True, most factors affecting price are not within the control of the manager A Code of Conduct represents all of 2 points the following except one: Organization's values Guidance for ethical behaviour Consistent profit orientation O Consistent ethical orientation Guidance for values orientation 2 points Assets are what a company owns, which of the following is an example of an intangible asset: Equipment Inventory Office building Accounts receivable furniture 2 points For a corporate organisation, creating a strong ethical culture helps in all of the following, except: Avoidance of fines O Reduced vulnerability Increased access to development financing Better brand reputation Better-quality customer loyalty Market Oriented Pricing is: 2 points Cost-Plus Pricing plus dynamic pricing Dynamic pricing minus cost Plus Pricing Competition Based Pricing Market Based Pricing Product Based Pricing People with adaptable capacity often 2 points commit to their goals and never give up because they have Relationship Intention O Persistence A sense of humor Known in the community In most startup and small businesses, 2 points tasks are differently executed. Which statement is most correct? One person double as several roles O No dedicated leader O Management controls the board Usually the CEO is the accountant No structure 2 points Motives, perception, attitude, lifestyle, personality, and abilities are factors influencing consumer behaviour. O political social psychological economic personal 2 points True or false: In determining the selling price of a good or service, most of the factors to be considered by the seller are internal to the business. O True, most factors affecting price are internal to the business. False, most factors affecting price are not controlled by the firm. True, most factors affecting price are directly controlled by the business. False, most factors affecting price are directly controlled by the business. True, most factors affecting price are not within the control of the manager A Code of Conduct represents all of 2 points the following except one: Organization's values Guidance for ethical behaviour Consistent profit orientation O Consistent ethical orientation Guidance for values orientation People with adaptable capacity often 2 points commit to their goals and never give up because they have Relationship Intention O Persistence O A sense of humor O Known in the community