MODULE V: ESTABLISHING THE ENTERPRISE

ANSWER KEY

1 : What is the most important section of a business summary?

1. Marketing
2. Description
3. Executive summary
4. Operations

YOUR ANSWER: Executive summary

CORRECT ANSWER: Executive summary
DESCRIPTION: Executive Summary is the first and the most important section of businesss plan

2 : Which of the following plays a role in the choice of Business Organisation?

1. Nature Of Business
2. Scale Of Operation
3. Ownership & Requirement of Funds
4. All of The Above
YOUR ANSWER: All of The Above
CORRECT ANSWER: All of The Above
DESCRIPTION: All A,B, C are critical points to be considered while choosing a business organisation

3 : What is CRM?
1. Customer relationship manager
2. Customer relative management
3. Customer relationship management
4. None of Above

YOUR ANSWER: Customer relationship management

CORRECT ANSWER: Customer relationship management
DESCRIPTION: CRM stands for Customer relationship management .

4 : Why are good business ideas essential?

1. For starting a successful venture
2. For Staying Competive
3. Both a and B
4. None of Above

YOUR ANSWER: Both a and B

CORRECT ANSWER: Both a and B
DESCRIPTION: A good business idea is essential for starting a successful venture and for staying competitive afterwards

5 : Which of these Precautions should be taken for effectiveness of a Market Survey?

 1. Do not be prejudiced
2. Do not be impatient
3. Do not reveal privileged information collected to others
4. All of the Above

YOUR ANSWER: All of the Above

CORRECT ANSWER: All of the Above
DESCRIPTION: Precautions for Market Survey include not to be prejudiced/ impatient, not to reveal priviledged information and to
make adequate preparations