{"id":35416,"date":"2018-02-20T23:50:30","date_gmt":"2018-02-20T23:50:30","guid":{"rendered":"https:\/\/writemyessayfree.com\/important-characteristic-of-a-successful-business-website"},"modified":"2017-08-16T06:32:37","modified_gmt":"2017-08-16T06:32:37","slug":"important-characteristic-of-a-successful-business-website","status":"publish","type":"post","link":"https:\/\/www.benedictsol.com\/blogs\/important-characteristic-of-a-successful-business-website\/","title":{"rendered":"Important characteristic of a successful business website"},"content":{"rendered":"
\n

1. The importance of intellectual property should be understood by entrepreneur even before _________.<\/p>\n

a. Hiring a manager<\/p>\n

b. Engaging an attorney<\/p>\n

c. Developing a product<\/p>\n

d. Establishing new venture<\/p>\n

2. Which of the following is not followed in brainstorming?<\/p>\n

a. Criticism is done by the group members<\/p>\n

b. The wilder idea is batter<\/p>\n

c. Quantity of ideas is required<\/p>\n

d. The session should be fun, with no on dominating the discussion<\/p>\n

3. The former USSR received technology and syrup from Pepsi and provided it with Soviet vodka and rights to distribute it in the US. This is an example of:<\/p>\n

a. Economic development<\/p>\n

b. Barter system<\/p>\n

c. Balance of payment<\/p>\n

d. International trade<\/p>\n

4. A patent is granted for a specified amount of time because of the assumption:<\/p>\n

a. During this time firm will cover its development costs<\/p>\n

b. Firm will earn a sufficient profit during this period<\/p>\n

c. To limit the monopoly of the firm<\/p>\n

d. It will stimulate idea and development of a batter product<\/p>\n

5. Developing a new idea through inquiry and testing is called _________.<\/p>\n

a. Heuristics<\/p>\n

b. Scientific method<\/p>\n

c. Forced relationship<\/p>\n

d. Value analysis<\/p>\n

6. In an international perspective, which of the following decisions are not covered under strategic planning of an entrepreneur?<\/p>\n

a. What are unique characteristics of each market?<\/p>\n

b. Who should be involved in marketing decisions?<\/p>\n

c. What customer benefits are provided by the product<\/p>\n

d. What are the company\u2019s major strengths and weaknesses?<\/p>\n

7. Which of the following grants the owner protection from anyone else making, using and selling the identified innovation?<\/p>\n

a. Utility patent<\/p>\n

b. Design patent<\/p>\n

c. Plant patent<\/p>\n

d. International patent<\/p>\n

8. The problem inventory analysis should b used primarily to:<\/p>\n

a. Reflect a new business opportunity<\/p>\n

b. Identify product idea for further evaluation<\/p>\n

c. Solve unknown problems<\/p>\n

d. Develop a list of problems<\/p>\n

9. Selling goods to another country through a person in the entrepreneur\u2019s home country is known as _________.<\/p>\n

a. Export<\/p>\n

b. Direct export<\/p>\n

c. Indirect export<\/p>\n

d. Domestic sales<\/p>\n

10. Which of the following statements is not true about trademarks?<\/p>\n

a. A trademark could be a slogan or a particular sound<\/p>\n

b. Some trademarks have no relationship with the product<\/p>\n

c. The filing date for the trademark becomes the first date use of the mark<\/p>\n

d. The entrepreneur cannot file after the mark already been in use<\/p>\n

11. The product life cycle is included in which stage of product planning and development process?<\/p>\n

a. Test marketing stage<\/p>\n

b. Product development stage<\/p>\n

c. Commercialization stage<\/p>\n

d. Product planning and development process is a part of product life cycle<\/p>\n

12. Which of the following cannot be covered under the copyright protection?<\/p>\n

a. Computer software<\/p>\n

b. Computer hardware<\/p>\n

c. Poems and songs<\/p>\n

d. Models and sculpture<\/p>\n

13. Idea of new product is tested in potential consumers to determine consumer acceptance at _________ stage.<\/p>\n

a. Concept<\/p>\n

b. Product development<\/p>\n

c. Test marketing<\/p>\n

d. Commercialization<\/p>\n

14. According to the governing bodies of common laws, the life of trade secret is:<\/p>\n

a. 12 years<\/p>\n

b. 17 years<\/p>\n

c. 20 years<\/p>\n

d. As long as it remains confidential<\/p>\n

15. Which of the following is used by entrepreneurs to acquire experience in an international market before making a major commitment?<\/p>\n

a. Merger<\/p>\n

b. Joint venture<\/p>\n

c. Minority interest<\/p>\n

d. Majority interest<\/p>\n

16. The evaluation criteria for the new product should include all of the following except:<\/p>\n

a. Determination of market demand<\/p>\n

b. Determination of the suppliers<\/p>\n

c. Pricing and marketing policies of other competing firms<\/p>\n

d. Product should be profitable<\/p>\n

17. Licensing is a significant marketing strategy to:<\/p>\n

a. Use intellectual property of others<\/p>\n

b. Pirate others\u2019 patents<\/p>\n

c. Grow the business in new markets<\/p>\n

d. Control the costs<\/p>\n

18. Automated stock replenishment, electronic selling and processing of customers orders and payments are examples of:<\/p>\n

a. E-business<\/p>\n

b. E-commerce<\/p>\n

c. E-trading<\/p>\n

d. E-transaction<\/p>\n

19. The longest lasting trade agreement with the objective of liberalizing trade by eliminating or reducing tariffs, subsidies and quotas is _________.<\/p>\n

a. Free trade area \u2013 FTA<\/p>\n

b. European community \u2013 EC<\/p>\n

c. General agreement on tariffs and trade \u2013 GATT<\/p>\n

d. The north American free trade agreement \u2013 NAFTA<\/p>\n

20. The most important characteristic of a successful business website is<\/p>\n

a. Speed<\/p>\n

b. Innovation<\/p>\n

c. Graphics<\/p>\n

d. Products<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

1. The importance of intellectual property should be understood by entrepreneur even before _________. a. Hiring a manager b. Engaging an attorney c. Developing a product d. Establishing new venture 2. Which of the following is not followed in brainstorming? Read More …<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-35416","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/35416","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=35416"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/35416\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=35416"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=35416"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=35416"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}