1) SWOT stands for? a) Specific,Wages,Outcomes,Target b) Statistics,Wealth,Observation,test c) Strengths,Weaknesses,Opportunities,Threats 2) Before an entrepreneur can establish a new business,he/she needs to: a) Be wealthy b) Identify a gap in the market c) Recruit employees d) Obtain a Degree in Business management 3) The first step in the problem-solving cycle a) Identify the problem b) Allocate resources c) Implement the strategy d) Define the problem e) Formulate the strategy f) Monitor the problem-solving 4) A contract between the employer and employee a) Contract b) Insurance contract c) Employment contract d) Lease agreement 5) The marketing mix consists of the 7 Ps.Which of the following is correct? a) Partnership,Payment,Profit,Product,Physical,Planning,Politics b) Price,Product,Promotion,Place,People,Physical Environment and Process c) People,Profit,Planning,Place,Price,Process,Politics

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