Which of the following feature(s) should be present for a good relationship between franchiser and franchisee?

• A) Communication
• B) All of the above
• C) Empathy
• D) Responsiveness

The integral part of doing any business is to keep track of the competitors and the industry which is termed as:

• A) Competitors’ analysis
• B) Market intelligence
• C) Industrial analysis
• D) Market research

Which one of the following(s) might be characteristic of a successful entrepreneur?

• A) Execution intelligence
• B) Passion for business
• C) Tenacity despite failure
• D) All of the above

Demography of a population includes:

• A) Age
• B) Income
• C) All of the given options are correct
• D) Ethnicity

In which one of the following businesses, entrepreneur enters the business world under the umbrella of an established business brand?

• A) Pure entrepreneurship route
• B) Joining the already existing family business
• C) Buying an existing business
• D) Franchising

_________________ is a company that sells a franchise outlet to a person in return of a specific fee with mutually decided agreement.

• A) Franchiser
• B) Securities and Exchange Commission (SECP)
• C) Franchise consultant
• D) Franchisee

Organic orientation trend deals with the production of vegetables and fruits without using any fertilizers or pesticides.

• A) True
• B) False
• C)
• D)

Which one of the following characteristics of a successful entrepreneur require him to always plan for future course of action?

• A) Goal setting
• B) Learning
• C) Information seeking
• D) Persistence

In which one of the following methods, as an entrepreneur, you take a limited right of doing business of an existing brand to a start your work under its umbrella?

• A) Pure entrepreneurship route
• B) Buying an existing business
• C) Franchising
• D) Joining the already existing family business

In which one of the following businesses, there is less risk and reward?

• A) Pure entrepreneurship route
• B) None of the above
• C) Franchising
• D) Joining the already existing family business

Which of the following best describes the individuals who recognize a social problem and use their entrepreneurial skills to create a program, business or process to find a solution?

• A) Social enterprise owners
• B) All of the given options are correct
• C) Social innovators
• D) Social entrepreneurs

Which of the following is NOT the quality of a good opportunity?

• A) Attractiveness
• B) Timeliness
• C) Durability
• D) Innovativeness

An idea must meet the criteria of an opportunity.

• A) False
• B) True
• C)
• D)

Which of the following helps an entrepreneur in identifying the right opportunity?

• A) All of the given options are correct
• B) Networks
• C) Prior knowledge of market
• D) Prior knowledge of customer problems

Dealership in automobile industry is often based on the following franchising arrangement:

• A) Area developer
• B) Product and trade name franchising
• C) Business format franchising
• D) Piggyback franchising

Planned economic system is alternatively called as:

• A) Mixed economic system
• B) Market economic system
• C) Command economic system
• D) Free market system

Generally, the franchising in telecom sector happens under the following franchising arrangement:

• A) Product and trade name franchising
• B) Business format franchising
• C) Piggyback franchising
• D) Area developer

_______________ may be called as the ultimate goal of life for a person.

• A) Empathy
• B) Vision
• C) Being self-starter
• D) Strong work ethics

Problem inventory analysis is a method for obtaining new ideas and solutions by focusing on existing problems.

• A) False
• B) True
• C)
• D)

An entrepreneur has all the qualities of a successful entrepreneur but he does not have confidence for his products that he is to sell in the market. Which of the following characteristics of successful entrepreneur is he primarily lacking?

• A) Strong work ethics
• B) Self-assurance
• C) Open mindedness
• D) Being self-starter