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Question 22.In a situational analysis, what areas of the business need to be analyzed?
Question 33.In a SWOT analysis, the columns describe _______ and the rows describe _______:
Question 44.What is a situational analysis in marketing?
Question 55.What is the main aim of the BRIE model?
Question 66.If a business is looking for investors online, which element of BRIE is involved?
Question 77.Which of the following would be a task that fits into the 'Intention' element of the BRIE model?
Question 88.Which element of the BRIE model is concerned with setting up a business website?
Question 99.Which of the following is a major characteristic of innovative business models?
Question 1010.How does lack of funding affect innovative businesses?
Question 1111.Which of the following is an important characteristic of imitative companies
Question 1212.Which of the following is an advantage of promoting creativity in innovative business models?
Question 1313.What must be done before a PERT analysis can take place?
Question 1414.Joe's supervisor has asked how long it will take for him to finish a project. Joe anticipates a 'best case' scenario of 4 hours, a 'worst case' scenario of 8 hours, and a 'probable' scenario of 5 hours. Using the formula to calculate 'Expected Time', Joe should tell his supervisor the project will take _____.
Question 1515.Optimistic Time is defined as _____.
Question 1616.What does PERT stand for?
Question 1717.The acid ratio is also known as the:
Question 1818.Which of the following is a computation used to measure a company's ability to pay its short term debt?
Question 1919.What is the cash ratio for a company with $10,000 in the bank, $25,000 in the 30-day CDs, and $30,000 in current liabilities?
Question 2020.A company has $35,000 in current assets, $15,000 in long term assets, $25,000 in current liabilities and $45,000 in long term liabilities. What is its current ratio?
Question 2121.What things do you need to consider when calculating the average cost to make each product?
Question 2222.What does it mean when you have a BEQ of 400?
Question 2323.Calculate the BEQ when you have a fixed monthly cost of $2000, an average cost per product of $20 and an average sales price per product of $50.
Question 2424.What three things do you need in order to perform a break-even analysis?
Question 2525.Why is it important for companies to evaluate managerial decisions using a SWOT Analysis?
Question 2626.Why is environmental scanning used in marketing?
Question 2727.Jessica has just conducted a SWOT analysis of her firm. What should her next steps be?
Question 2828.Why is a unique selling proposition important for a company?
Question 2929.Why would we prepare a situational analysis?
Question 3030.If an entrepreneur has an innovation that needs to be patented, which element of the BRIE model would that task come under?
Small Business Analysis Models Chapter Exam Instructions
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