- What is likely to follow a crisis in a small business enterprise:
- Shortage of financial resources
- Non-availability of skilled workers
- Stiff competition
- All the above
- Which one of the statements is correct?
- The higher the gross margin the better
- The higher the break-even point the better
- The lower the inventory turnover the better
- None of the above
- Which of theses strategies carriers the greatest risk?
- Market penetration
- Products diversification
- Product development
- Skimming the cream off
- For a product at the growth stage of its life cycle , which strategy is appropriate?
- Price high
- Price low
- Price competitively
- None of the above
- At what stage of the product life cycle is promotion likely to be at a minimum?
- Growth
- Maturity
- Decline
- None of the above
- Which statement about overdraft finance is correct?
- It requires a lot of paperwork.
- It is unsecured debt.
- It is difficult to get from a bank
- Rates of interest are usually higher than for other loans
- Which statement about a business plan is correct?
- It should be lengthy.
- It should be comprehensive.
- It should be brief.
- None of the above
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