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B Com Exam  >  B Com Tests  >  Entrepreneurship & Small Businesses  >  Test: Start-up Issues - 1 - B Com MCQ

Test: Start-up Issues - 1 - B Com MCQ


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10 Questions MCQ Test Entrepreneurship & Small Businesses - Test: Start-up Issues - 1

Test: Start-up Issues - 1 for B Com 2024 is part of Entrepreneurship & Small Businesses preparation. The Test: Start-up Issues - 1 questions and answers have been prepared according to the B Com exam syllabus.The Test: Start-up Issues - 1 MCQs are made for B Com 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Start-up Issues - 1 below.
Solutions of Test: Start-up Issues - 1 questions in English are available as part of our Entrepreneurship & Small Businesses for B Com & Test: Start-up Issues - 1 solutions in Hindi for Entrepreneurship & Small Businesses course. Download more important topics, notes, lectures and mock test series for B Com Exam by signing up for free. Attempt Test: Start-up Issues - 1 | 10 questions in 10 minutes | Mock test for B Com preparation | Free important questions MCQ to study Entrepreneurship & Small Businesses for B Com Exam | Download free PDF with solutions
Test: Start-up Issues - 1 - Question 1
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Which stream of sustainability focuses on an organization's ability to deliver products and services that meet clients' needs?

Detailed Solution for Test: Start-up Issues - 1 - Question 1
Programmatic sustainability refers to an organization's ability to deliver products and services that respond to clients' needs and anticipate new areas of need, allowing for expansion of its client base.
Test: Start-up Issues - 1 - Question 2
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Why is it important for start-up enterprises to establish a clear location for their business or office space?

Detailed Solution for Test: Start-up Issues - 1 - Question 2
Choosing the right location for a business is crucial because a poor choice is difficult to repair later. Factors such as style of operation, customer proximity, foot traffic, safety, and accessibility must be considered.
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Test: Start-up Issues - 1 - Question 3
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What is the primary purpose of resource mobilization for an organization?

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Resource mobilization is crucial for organizations to ensure the continuation of their services to clients. It involves securing new resources, maximizing existing ones, and developing new business opportunities.
Test: Start-up Issues - 1 - Question 4
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What does the term "equity financing" refer to?
Detailed Solution for Test: Start-up Issues - 1 - Question 4
Equity financing involves selling an ownership interest in the business to raise funds. Investors share in the profits and assets of the business based on their ownership percentage.
Test: Start-up Issues - 1 - Question 5
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What should be included in a marketing plan for a start-up business?
Detailed Solution for Test: Start-up Issues - 1 - Question 5
A marketing plan should include a description of products or services, target market, major strengths and weaknesses, opportunities and threats, positioning statements, market analysis, and marketing strategies along with financial projections.
Test: Start-up Issues - 1 - Question 6
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Which element of a marketing plan refers to the identification of potential external factors that may impact the business?
Detailed Solution for Test: Start-up Issues - 1 - Question 6
Major opportunities and threats refer to external factors that can impact the business. These factors must be considered while developing a marketing plan.
Test: Start-up Issues - 1 - Question 7
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Which type of sustainability involves having a strong and transparent organizational structure?
Detailed Solution for Test: Start-up Issues - 1 - Question 7
Institutional sustainability involves having a strong and flexible organizational structure with transparent governance practices, allowing the organization to respond to shifting priorities and new responsibilities.
Test: Start-up Issues - 1 - Question 8
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What is the purpose of creating a budget for a start-up business?
Detailed Solution for Test: Start-up Issues - 1 - Question 8
Creating a budget helps control cash flow and minimize financial risks, allowing the business to make informed financial decisions and avoid potential pitfalls.
Test: Start-up Issues - 1 - Question 9
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What is a characteristic of debt financing?
Detailed Solution for Test: Start-up Issues - 1 - Question 9
Debt financing involves borrowing funds from creditors with the obligation to repay the borrowed amount along with interest within a specified time frame.
Test: Start-up Issues - 1 - Question 10
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Why is contract management important for start-up enterprises?
Detailed Solution for Test: Start-up Issues - 1 - Question 10
Contract management minimizes the risk of disputes and negative situations by providing a systematic approach to contract creation, execution, and analysis, helping to avoid potential problems.
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