UAS Exam 3 Questions & Answers
2025/2026
Entrepreneurial route - ANSWERSDefining a new concept, starting a business, and bringing
derived services or products to market
In field employment - ANSWERSConventional path by collaborating and using an organizations
resources to generate business
What factors contribute to success? - ANSWERSEstablishing a brand, networking among
stakeholders, reputation, and marketing services
When starting a local business it is important to consider what? - ANSWERSExpectations, needs,
and requirements
Service based is something that is... - ANSWERSIntangible
Developing a specific product is something that is... - ANSWERSTangible
Conventional business guidance states that in order for an economic enterprise to succeed it
should provide what things? - ANSWERSLower cost, quality, and efficiency
What is a critical part of the start-up? - ANSWERSDevelopment of a clear and accurate business
plan
The business plan should be what? - ANSWERSDynamic and subject to updates
2025/2026
Entrepreneurial route - ANSWERSDefining a new concept, starting a business, and bringing
derived services or products to market
In field employment - ANSWERSConventional path by collaborating and using an organizations
resources to generate business
What factors contribute to success? - ANSWERSEstablishing a brand, networking among
stakeholders, reputation, and marketing services
When starting a local business it is important to consider what? - ANSWERSExpectations, needs,
and requirements
Service based is something that is... - ANSWERSIntangible
Developing a specific product is something that is... - ANSWERSTangible
Conventional business guidance states that in order for an economic enterprise to succeed it
should provide what things? - ANSWERSLower cost, quality, and efficiency
What is a critical part of the start-up? - ANSWERSDevelopment of a clear and accurate business
plan
The business plan should be what? - ANSWERSDynamic and subject to updates
