Question 1

When a business is operating at a small percentage of its capacity, the strategy should be to:

Accepted Answer

A) increase capacity. 
B) increase sales. 
C) reduce promotion. 
D) all of the above. 
A) increase capacity. 
B) increase sales. 
C) reduce promotion. 
D) all of the above. B

Question 2

Mexico is a partner in NAFTA.

Accepted Answer

A) True 
 B)False  True

Question 3

As a business grows, there tends to be a shift from equity capital to debt capital.

Accepted Answer

A) True 
 B)False  False

Question 4

Discuss the dangers of entering into Export Markets for small Canadian firms.

Accepted Answer

Potential problems with shipping and pay

Question 5

Market potential is made up of your market share plus the market share of all your competitors.

Accepted Answer

A) True 
 B)False

Question 6

Features of both debt and equity financing are found in "subordinate financing".

Accepted Answer

A) True 
 B)False

Question 7

Compared to building your own chain of company-owned stores, selling franchises is:

Accepted Answer

A) faster. 
B) more expensive. 
C) legally simpler. 
D) all of the above. 
A) faster. 
B) more expensive. 
C) legally simpler. 
D) all of the above.

Question 8

SWOT analysis examines:

Accepted Answer

A) the situation, the work, the organization, the tactics. 
B) internal and external advantages and disadvantages of a business. 
C) the predictions of the Conference Board of Canada. 
D) the ethical issues of conducting business. 
A) the situation, the work, the organization, the tactics. 
B) internal and external advantages and disadvantages of a business. 
C) the predictions of the Conference Board of Canada. 
D) the ethical issues of conducting business.

Question 9

The amount of time it takes to recoup the amount of an investment is called the:

Accepted Answer

A) project R.O.I. 
B) future value. 
C) payback period. 
D) return interval. 
A) project R.O.I. 
B) future value. 
C) payback period. 
D) return interval.

Question 10

Identify the stages of the business cycle and list one or two characteristics of each stage.

Accepted Answer

For full marks the student sho

Question 11

It is possible to have increasing sales while the market potential is shrinking.

Accepted Answer

A) True 
 B)False

Question 12

The biggest trading partner (volume of trade) of Canada is the U.S.

Accepted Answer

A) True 
 B)False

Question 13

Predatory pricing is an aggressive, but perfectly legal activity.

Accepted Answer

A) True 
 B)False

Question 14

EDC stands for:

Accepted Answer

A) External Distribution Control. 
B) Economic Development Corporation. 
C) Export Development Canada. 
D) Environmental Disaster Control. 
A) External Distribution Control. 
B) Economic Development Corporation. 
C) Export Development Canada. 
D) Environmental Disaster Control.

Question 15

The growth stage of the business cycle is characterized by:

Accepted Answer

A) increasing revenue. 
B) increasing profits. 
C) declining risk of failure. 
D) all of the above. 
A) increasing revenue. 
B) increasing profits. 
C) declining risk of failure. 
D) all of the above.

Question 16

Which of the following is not a stage in the business life cycle:

Accepted Answer

A) introduction. 
B) growth. 
C) maturity. 
D) decline. 
A) introduction. 
B) growth. 
C) maturity. 
D) decline.

Question 17

Outline the Product Life Cycle and explain how it can be extended.Use examples.

Accepted Answer

For full marks, the stages of introducti

Question 18

The concept of "100 % Capacity" can be applied to most businesses.

Accepted Answer

A) True 
 B)False

Question 19

Identify and explain the major indicators that a business is in decline and ready for renewal..

Accepted Answer

The five categories of indicators (sales

Question 20

"Going public" is the most common way for a small business to acquire growth capital.

Accepted Answer

A) True 
 B)False

When a business is operating at a small percentage of its capacity, the strategy should be to:

Mexico is a partner in NAFTA.

As a business grows, there tends to be a shift from equity capital to debt capital.

Discuss the dangers of entering into Export Markets for small Canadian firms.

Market potential is made up of your market share plus the market share of all your competitors.

Features of both debt and equity financing are found in "subordinate financing".

Compared to building your own chain of company-owned stores, selling franchises is:

SWOT analysis examines:

The amount of time it takes to recoup the amount of an investment is called the:

Identify the stages of the business cycle and list one or two characteristics of each stage.

It is possible to have increasing sales while the market potential is shrinking.

The biggest trading partner (volume of trade) of Canada is the U.S.

Predatory pricing is an aggressive, but perfectly legal activity.

EDC stands for:

The growth stage of the business cycle is characterized by:

Which of the following is not a stage in the business life cycle:

Outline the Product Life Cycle and explain how it can be extended.Use examples.

The concept of "100 % Capacity" can be applied to most businesses.

Identify and explain the major indicators that a business is in decline and ready for renewal..

"Going public" is the most common way for a small business to acquire growth capital.

The Concept: What Business Will I Be in

Feasibility: How Do I Know It Will Work

Marketing: How Will I Get Customers

Operations: How Will I Organize the Work

Finances: How Will I Manage the Money

The Business Plans: How Are They Important

The Purchase Alternative: How Do I Buy or Buy Into an Existing Business

The Franchise Alternative: How Do I Buy a Franchise

The Family Firm Alternative: How Do I Take Over My Familys Business

Managing for Efficiency: How Can I Reduce My Costs and Expenses

Emerging Trends and Issues in Entrepreneurship: How Can I Prepare for the Future

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Exam 10: Managing for Growth: How Can I Expand My Business

When a business is operating at a small percentage of its capacity, the strategy should be to:

Mexico is a partner in NAFTA.

As a business grows, there tends to be a shift from equity capital to debt capital.

Discuss the dangers of entering into Export Markets for small Canadian firms.

Market potential is made up of your market share plus the market share of all your competitors.

Features of both debt and equity financing are found in "subordinate financing".

Compared to building your own chain of company-owned stores, selling franchises is:

SWOT analysis examines:

The amount of time it takes to recoup the amount of an investment is called the:

Identify the stages of the business cycle and list one or two characteristics of each stage.

It is possible to have increasing sales while the market potential is shrinking.

The biggest trading partner (volume of trade) of Canada is the U.S.

Predatory pricing is an aggressive, but perfectly legal activity.

EDC stands for:

The growth stage of the business cycle is characterized by:

Which of the following is not a stage in the business life cycle:

Outline the Product Life Cycle and explain how it can be extended.Use examples.

The concept of "100 % Capacity" can be applied to most businesses.

Identify and explain the major indicators that a business is in decline and ready for renewal..

"Going public" is the most common way for a small business to acquire growth capital.

The Concept: What Business Will I Be in

Feasibility: How Do I Know It Will Work

Marketing: How Will I Get Customers

Operations: How Will I Organize the Work

Finances: How Will I Manage the Money

The Business Plans: How Are They Important

The Purchase Alternative: How Do I Buy or Buy Into an Existing Business

The Franchise Alternative: How Do I Buy a Franchise

The Family Firm Alternative: How Do I Take Over My Familys Business

Managing for Efficiency: How Can I Reduce My Costs and Expenses

Emerging Trends and Issues in Entrepreneurship: How Can I Prepare for the Future

Filters