100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
CEPA Course Questions and Answers Graded A+ £9.81
Add to cart
Quickly navigate to
Preview
  2.  
  3. CEPA Course
  4.  
  5. CEPA Course

Exam (elaborations)

CEPA Course Questions and Answers Graded A+
 0 purchase
  • Module
  • CEPA Course
  • Institution
  • CEPA Course

CEPA Course Questions and Answers Graded A+ What are the key components of a business plan? a. Marketing strategy, sales forecast, and legal requirements b. Production costs, staffing requirements, and facility layout c. Executive summary, market analysis, organization structure, and finan...

[Show more]

Preview 4 out of 51  pages

Document information

  • September 29, 2024
  • 51
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • cepa course questions and answers graded a

Written for

  • CEPA Course
  • CEPA Course

Seller

avatar-seller
BrilliantScores

Reviews received

Content preview

CEPA Course Questions and Answers
Graded A+
What are the key components of a business plan?

a. Marketing strategy, sales forecast, and legal requirements

b. Production costs, staffing requirements, and facility layout


✔✔c. Executive summary, market analysis, organization structure, and financial projections


d. Customer feedback, advertising campaigns, and employee training




How does supply and demand affect pricing strategies?

a. Supply affects pricing, while demand has no impact


✔✔b. High demand with low supply increases prices


c. High supply with low demand increases prices

d. Prices remain constant regardless of supply and demand




What is the purpose of market segmentation?

a. To create a single marketing message for all consumers


✔✔b. To identify specific consumer groups with similar needs


c. To eliminate competition

1

,d. To reduce production costs




What does a SWOT analysis help a business determine?


✔✔a. Internal strengths and weaknesses, as well as external opportunities and threats


b. Only external factors affecting the market

c. The financial health of the business only

d. The production capacity of the company




What is the primary difference between a sole proprietorship and a corporation?

a. Corporations have more employees than sole proprietorships

b. Sole proprietorships are larger than corporations


✔✔c. Sole proprietorships have unlimited liability, while corporations provide limited liability


d. Corporations cannot be owned by individuals




How can financial ratios be used in business?


✔✔a. To evaluate financial health and performance


b. To determine employee satisfaction

c. To calculate marketing effectiveness


2

,d. To assess product design




What does corporate social responsibility (CSR) entail?


✔✔a. Ethical behavior, social equity, and environmental sustainability


b. Reducing operational costs at all expenses

c. Maximizing profits without concern for ethics

d. Increasing shareholder dividends only




What impact has digital marketing had on consumer behavior?

a. Decreased consumer engagement

b. Reduced importance of brand loyalty


✔✔c. Increased access to information and personalized marketing


d. Eliminated traditional advertising methods




Why is market research crucial before launching a new product?

a. To increase production costs

b. To gather employee opinions


✔✔c. To understand customer needs and market potential


3

, d. To focus solely on competition analysis




How does understanding consumer behavior benefit product development?

a. It limits product options


✔✔b. It ensures products meet customer needs and preferences


c. It complicates the marketing strategy

d. It has no impact on product success




What survey indicated that 99% of business owners at least in some way agreed that "having a

transition strategy is important for my future and the future of my business?" ✔✔State of Owner

Readiness




It's important to not just tell an owner the right answer, but to ask them the right question. Which

is an example of the "right question" to ask a business owner client? ✔✔a. What is the strength

of your intangible capital?

b. What is your biggest pain point and biggest desire?

c. What deal structure are you looking for when selling?

d. All the above (correct)




4

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller BrilliantScores. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for £9.81. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

68175 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy revision notes and other study material for 15 years now

Start selling
£9.81
  • (0)
Add to cart
Added