Skip to ContentGo to accessibility pageKeyboard shortcuts menu
OpenStax Logo
Entrepreneurship

Review Questions

EntrepreneurshipReview Questions

1.

What are the differences between traditional and entrepreneurial marketing?

2.

What is a target market? Why is it important to know the target before creating the marketing mix?

3.

What are the components of the marketing mix? Explain each component.

4.

What is the difference between pricing a product based on what a competitors charge and pricing a product based on the company’s costs?

5.

Check out the website http://www.flyzipline.com/. Who is the target market? What are their 7Ps?

6.

What is market research? Why is it important to do research before you start a business?

7.

How does primary data differ from secondary data?

8.

How does STP help entrepreneurs?

9.

How does guerrilla marketing differ from viral marketing?

10.

What types of activities are involved in digital marketing? Choose one and explain.

11.

What is a brand? Why is it important to work toward gaining recognition for the brand, especially for a start-up brand?

12.

How does a tagline help with positioning?

13.

How does a marketing plan help an entrepreneur?

14.

What is the difference between a marketing objective and a marketing strategy?

15.

What are the steps in the sales process?

16.

How does customer service impact sales of a new business?

Citation/Attribution

This book may not be used in the training of large language models or otherwise be ingested into large language models or generative AI offerings without OpenStax's permission.

Want to cite, share, or modify this book? This book uses the Creative Commons Attribution License and you must attribute OpenStax.

Attribution information
  • If you are redistributing all or part of this book in a print format, then you must include on every physical page the following attribution:
    Access for free at https://openstax.org/books/entrepreneurship/pages/1-introduction
  • If you are redistributing all or part of this book in a digital format, then you must include on every digital page view the following attribution:
    Access for free at https://openstax.org/books/entrepreneurship/pages/1-introduction
Citation information

© Sep 19, 2024 OpenStax. Textbook content produced by OpenStax is licensed under a Creative Commons Attribution License . The OpenStax name, OpenStax logo, OpenStax book covers, OpenStax CNX name, and OpenStax CNX logo are not subject to the Creative Commons license and may not be reproduced without the prior and express written consent of Rice University.