This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 8 Small Business – Quiz 87 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 8 Small Business Quiz 87 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which factor contributes to building brand equity over time? A) Random brand messaging. B) Authenticity and consistency. C) Changing brand promise frequently. D) Ignoring customer feedback. Show Answer Correct Answer: B) Authenticity and consistency. 2. Which of the 4Ps looks at how to get a product to the customer? A) Product. B) Promotion. C) Place. D) Price. Show Answer Correct Answer: C) Place. 3. Credit card bill is an example of a ..... A) Variable Cost. B) Fixed Cost. C) Burn Rate. D) ROI. Show Answer Correct Answer: A) Variable Cost. 4. Which two types of Sales Channels sell primarily to other businesses? A) Wholesale AND B2B. B) Online AND Direct-to-Consumer. C) Retail AND Wholesale. D) B2B AND Retail. Show Answer Correct Answer: A) Wholesale AND B2B. 5. Which of the following is a significant benefit of entrepreneurship for economic growth? A) Increased government control. B) Higher taxes. C) Job creation. D) Reduced competition. Show Answer Correct Answer: C) Job creation. 6. Which is the largest social media platform? A) Youtube. B) Facebook. C) Instagram. D) Whatsapp. Show Answer Correct Answer: B) Facebook. 7. Your company makes the glass that is used for iPhones. You sell the glass to Apple. What kind of transaction is this? A) B2B. B) B2C. C) All the above. D) None of the above. Show Answer Correct Answer: A) B2B. 8. What is a creative way for small businesses to involve customers in building relationships? A) Hosting interactive events and soliciting feedback. B) Avoiding customer input to maintain independence. C) Focusing only on promotional discounts. D) Limiting communication channels to email only. Show Answer Correct Answer: A) Hosting interactive events and soliciting feedback. 9. What percentage of small businesses are led by women? A) 20%. B) 40%. C) 60%. D) None of the above. Show Answer Correct Answer: A) 20%. 10. What is a common feature of a franchise? A) High creative freedom. B) High success rate compared to other types of business. C) Low upfront costs. D) No adherence to franchisor's format. Show Answer Correct Answer: B) High success rate compared to other types of business. 11. Fill in the blank: ..... is the level of familiarity one has with a brand. A) Brand Recognition. B) Brand Loyalty. C) Brand Equity. D) Brand Extension. Show Answer Correct Answer: A) Brand Recognition. 12. Who typically manages the day-to-day operations of a small business? A) Board of Directors. B) Shareholders. C) Government officials. D) Owner or owner-manager. Show Answer Correct Answer: D) Owner or owner-manager. 13. ..... Encourage and support the entrepreneurial initiatives of rural people and women A) RWED. B) NCEUS. C) NSIC. D) None of the above. Show Answer Correct Answer: A) RWED. 14. What is the advantage of a co-operative? A) Difficulty attracting investment based on usage. B) Longevity. C) Limited liability. D) Tax benefits. Show Answer Correct Answer: D) Tax benefits. 15. Label the items as either a product or a service. Web Design A) Product. B) Service. C) All the above. D) None of the above. Show Answer Correct Answer: B) Service. 16. Which of the following methods can be used to fund the startup? A) Crowd funding. B) Angel investment. C) Bootstrapping. D) All of these. Show Answer Correct Answer: D) All of these. 17. What do distributors agree to do in network marketing? A) Manufacture products. B) Sell products or services another company sells. C) Design marketing campaigns. D) Provide customer support. Show Answer Correct Answer: B) Sell products or services another company sells. 18. In India, registration of a trademark is: A) Mandatory. B) Not necessary, but helps in exercising exclusive rights. C) Not recognized legally. D) Automatically awarded. Show Answer Correct Answer: B) Not necessary, but helps in exercising exclusive rights. 19. What is the correct order of adjectives in the sentence:'The entrepreneur launched a ..... business.' A) Successful small. B) Small successful. C) Successfully small. D) Small successfully. Show Answer Correct Answer: B) Small successful. 20. Semua perusahaan dalam suatu industri biasanya meningkatkannya pangsa pasar pada saat yang bersamaan A) Benar. B) Salah. C) All the above. D) None of the above. Show Answer Correct Answer: B) Salah. 21. What type of support does the government provide to startups under the Startup India scheme? A) Free office space. B) Tax exemptions for three years. C) Guaranteed profits. D) Mandatory employment quotas. Show Answer Correct Answer: B) Tax exemptions for three years. 22. True or False:Small business activations are typically multi-line with 2+ Lines. A) False. B) True. C) All the above. D) None of the above. Show Answer Correct Answer: B) True. 23. Which of the following in NOT true about the Small Business Administration (SBA)? A) It is a government agency. B) It can help small businesses borrow money. C) It offers little help to women business owners. D) It publishes helpful books for small-business owners. Show Answer Correct Answer: C) It offers little help to women business owners. 24. Risk is the chance that something could go wrong A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 25. Austin loves to snowboard and snow ski. He often participates in other active outdoor sports such as hiking and mountain biking. Which of these may greatly impact his business idea? A) Goals. B) Hobbies. C) Experience. D) None of the above. Show Answer Correct Answer: B) Hobbies. ← PreviousNext →Related QuizzesClass 11 Business Studies Chapter 8 Small Business Quiz 1Class 11 Business Studies Chapter 8 Small Business Quiz 2Class 11 Business Studies Chapter 8 Small Business Quiz 3Class 11 Business Studies Chapter 8 Small Business Quiz 4Class 11 Business Studies Chapter 8 Small Business Quiz 5Class 11 Business Studies Chapter 8 Small Business Quiz 6Class 11 Business Studies Chapter 8 Small Business Quiz 7Class 11 Business Studies Chapter 8 Small Business Quiz 8Class 11 Business Studies Chapter 8 Small Business Quiz 9Class 11 Business Studies Chapter 8 Small Business Quiz 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books