Cecil recently lost his job as a Human Resources recruiter. But he now has a freelance contract to help his former employer recruit employees-and it pays him more than what he earned as an employee at the company. This is an example of which factor contributing to high levels of entrepreneurship?
A) Stagnant technology
B) Limited funding
C) Rapid job growth at large companies
D) Advances in technology
E) Downsizing and outsourcing
Question 2 - While watching television late one evening, you see an advertisement for a microwave pasta cooker. You're interested but are sure it is going to be too expensive, and you wouldn't pay over 20 for it. To your surprise, the pasta cooker is being offered for the low price of 19.99 This is an example of what type of pricing strategy?
A) Product-line pricing
B) New-product pricing
C) Psychological pricing
D) Promotional pricing
E) Comparison discounting
Question 3 - Which of the following is one of the three factors contributing to high levels of entrepreneurship in the United States?
A) Stagnant technology
B) Limited funding
C) Rapid job growth at large companies
D) Advances in technology
E) Social pressure toward traditional employment
Question 4 - Of the following, which pricing strategy would be most commonly used for new products?
A) Price skimming
B) Special event pricing
C) Price lining
D) Everyday low prices
E) Price leaders
Question 5 - Ten years ago when Mary started a small business, it cost 10,000 to design and launch her website-and it didn't even have e-commerce capability. Now, she is able to launch an online store for less than 100 per month. This is an example of which factor contributing to entrepreneurship?
A) Culture of entrepreneurship
B) Advances in technology
C) Downsizing and outsourcing
D) Patents
E) Characteristics of entrepreneurs
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