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ENT305

Question:	can be defined as an
institution concerned primarily with the production and marketing of goods and services for the economy.
Answer: Business

Question:	is agriculturally related
business, concerned with the production, distribution and processing of food and fiber.
Answer: Agriebusiness

Question:	is the first step for
evaluating business opportunity.
Answer: Self-Analysis

Question:	entrepreneurship is the
practice of setting up a business – or setting yourself up as self-employed in one of the creative industries.
Answer: Creative

Question:	is an exploitable set of
circumstances with uncertain outcome, requiring personal commitment, resources and involving exposure to risk.
Answer: Opportunities

Question: Distribution channels is also known as
Answer: Market intermediaries

Question:	represents the creative
process of generating, developing, and communicating new ideas, while an idea is understood as a basic element of thought that can be visual, concrete, or abstract.
Answer: Idea generation

Question:	is a document
demonstrating the feasibility of a prospective new business and providing a roadmap for its first several years of operation.
Answer: Business plan

Question: The following are sources of idea of opportunities or products expect;
Answer: None of the above

Question:	arrangement whereby the
manufacturer or the sole distributor of a trademark, product or service grants exclusive rights for local distribution to independent retailers in return for their payment of conformity and royalties in ordpr to standardize operating procedures.
Answer: Franching








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