- 1. What is a business model in the context of a business plan?
A) The strategy that outlines how a company creates, delivers, and captures value
B) A description of the company's history and milestones
C) A summary of the company's marketing and sales efforts
D) A graphical representation of the company's organizational structure
- 2. Which component of the business model describes how a company delivers its products or services to customers?
A) Value proposition
B) Distribution channels
C) Customer segments
- 3. What is the primary purpose of a business plan?
A) To track daily operations
B) To create organizational charts
C) To outline marketing strategies
D) To secure funding
- 4. When might a company use a loss leader pricing strategy?
A) When launching a premium product
B) To maximize profit margin
C) To attract customers with a low-priced product, expecting them to buy other higher-margin products
- 5. In SWOT analysis, which aspect helps in understanding the external factors that a business can leverage for its advantage?
A) Strength
B) Weaknesses
C) C. Opportunities
D) Threats
- 6. Which part of SWOT analysis is concerned with factors that may limit the growth or competitiveness of a business?
A) Opportunities
B) Strength
C) Threats
D) Weaknesses
- 7. In SWOT analysis, what type of factor is a skilled and motivated workforce for a company?
A) Strength
B) Weaknesses
C) Threats
D) Opportunities
- 8. Which factor in SWOT analysis assesses the factors that could pose a challenge to the success of a business?
A) Threats
B) Opportunities
C) Weaknesses
D) Strength
- 9. What part of SWOT analysis helps identify potential areas for growth or strategic advantages outside the current business scope?
A) Strength
B) Weaknesses
C) Opportunities
D) Threats
- 10. External factors that could negatively impact a business are considered under which category in SWOT analysis?
A) Strength
B) Opportunities
C) Threats
D) Weaknesses
- 11. Which factor in SWOT analysis refers to aspects within a business that may hinder its success or competitive position?
A) Threats
B) Weaknesses
C) Strength
D) Opportunities
- 12. What does the "O" in SWOT analysis represent?
A) Objectives
B) Organizations
C) Opportunities
D) Operation
- 13. Which aspect of SWOT analysis focuses on internal factors that give a business a competitive advantage?
A) Strength
B) Opportunities
C) Weaknesses
D) Threats
- 14. What does SWOT stand for in the context of a business plan?
A) Strategic Worldwide Operations Technique
B) Systematic Work Order Tool
C) Strengths, Weaknesses, Opportunities, Threats
D) Sayas, dimaano, lerio, alaska,seralde, acejo, serrano, mga buang
- 15. What section of a business plan includes information about the location, facilities, and equipment needed for the business to operate?
A) Operation plan
B) Objective plan
C) Organization plan
- 16. In the Executive Summary, what is the primary purpose of this section?
A) Provide a detailed financial forecast
B) Summarize the entire business plan
C) Outline the marketing strategy
D) Discuss the company's legal structure
- 17. What part of a business plan outlines the potential risks and challenges the business may face and how they will be mitigated?
A) Risk Analysis
B) Financial Projections
C) Executive Summary
D) Company/Business Description
- 18. In the Management and Organization section, what information is typically provided about key team members?
A) Industry Analysis
B) Employment History and/or Background Profile
C) Customer Demographics
D) Market Trends.
- 19. What section of a business plan details the marketing and sales strategy, pricing, and distribution channels?
A) Market analysis
B) Operations plan
C) Marketing plan
D) Executive summary
- 20. What component of a business plan addresses the legal structure, ownership, and history of the company?
A) Business Model
B) Company/Business Description
C) Operations Plan
D) Executive Summary
- 21. Which part of a business plan provides an overview of the product or service, its features, and its unique selling points?
A) Company description
B) Executive Summary
C) Marketing Plan
D) Products or Services
- 22. What section of a business plan outlines the organizational structure, team members, and key personnel?
A) Company description
B) Management and organization
C) Operation plan
D) Executive Summary
- 23. Which section focuses on the target market, competition, and marketing strategy of a business plan?
A) Market analysis
B) SWOT analysis
C) Executive summary
- 24. What section of a business plan outlines the company's mission, vision, and values?
A) Financial projections
B) Company description
C) Executive summary
D) Market analysis
- 25. Situation: You're in the early stages of developing your business plan. What should be your first step?
A) Choose a catchy business name
B) Conduct market research
C) Create a detailed financial projection
D) Write the executive summary
- 26. The father of Modern Entrepreneurship.
A) Richard cantillon
B) Steve blank
C) Joseph Alois Schumpeter
- 27. It is a product of economic development.
A) Economic growth
B) Environmental Protection
C) Globalization
- 28. In1997 Toyota released a Hybrid Car Called Prius 1997 introducing a new competitive advantage of being environmentally friendly.
A) Product development
B) Innovation theory
C) Innovation
- 29. New innovations can be destructive as well as beneficial to business.
A) False
B) True
C) Mali
D) Siguro
- 30. Explains that the government should not interfere in economic development theory.
A) Kaldor theory
B) Laissez-Faire Theory
C) Keynesian theory
- 31. maintains that the key factors is technology
A) Kaldor theory
B) Keynesian theory
C) Laissez-Faire Theory
- 32. maintains that the key factors is technology Kaldor Theory Explains that the government should Play the key role in economic Development.
A) Kaldor theory
B) Keynesian theory
C) Laissez-Faire Theory
- 33. This means border less economic system.
A) Environmental Protection
B) Globalization
C) Economic growth
- 34. Trading Liberization.
A) Import
B) .Export-Import Trading
C) Export
- 35. Has the potentials to contribute in wealth accumulation the economic standing in the society, and so, powers that go with money and other financial resources that goes with entrepreneurial endeavors.
A) ll. Unemployed
B) ll. Self employed
C) I. employed
D) l and ll
- 36. Know your market or buyers, competitors, prices, the quality of goods and services.
A) Search for Business Opportunity
B) Seeking Information (Information-seeking)
C) Opportunity-seeking
- 37. Finding information ideal for generating new Business ideas and opportunities (employing Research and Development).
A) Opportunity-seeking
B) Search for Business Opportunity
C) .Seeking Information (Information-seeking)
- 38. No matter what you are doing, you can strive for Quality and Excellence (Efficiency).
A) Search for Business Opportunity
B) Set High standards of Quality and Efficiency
C) Seeking Information (Information-seeking)
- 39. A successful entrepreneur actively seeks opportunities. He looks at a situation and he thinks.
A) .Seeking Information (Information-seeking)
B) Opportunity-seeking
C) Wholesalers
- 40. It is actively going after ideas which can be turned into opportunities.
A) Seeking Information (Information-seeking)
B) Opportunity seeking
C) Wholesalers
- 41. They sell the product of manufacturers or producers to retailers and other distributors who have direct dealings with the end users or customers.
A) Manufacturing business
B) Franchising business
C) Wholesalers
- 42. Production business by creating a product.
A) Manufacturing business
B) Franchising business
C) Wholesalers
- 43. A Licensed-business opportunities.
A) Franchising business
B) Manufacturing business
C) Wholesalers
- 44. What business category or sector are Consultancy, barber shop, salon, dentistry, medical, engineering services, Accounting Firms, etc belong?.
A) Manufacturing business
B) The service-based business
C) Franchising business
- 45. (Product Life Cycle): once product is no longer profitable, it is eliminated from the market and there is also a decline in the number of competitors.
A) Introduction
B) Overwhelmed
C) Decline
D) Maturity
- 46. Product life cycle wherein a sale reaches its peak, while profit begins to fall.
A) Decline
B) Overwhelmed
C) Introduction
D) Maturity
- 47. Indirect costs-Salaries, insurance, Rent, water & Electricity Bills, etc.
A) Decline
B) Overwhelmed cost
C) Maturity
D) Introduction
- 48. Introducing products to the market is what Product Life cycle.
A) Maturity
B) Decline
C) Overwhelmed
D) Introduction
- 49. Which of these questions must first be considered Before adapting a positioning Strategy?
A) HOW is the product or service different from the competitors?
B) What makes the product or service unique?
C) What does the customer really want to buy from the firm?
D) All of the above
- 50. Market strategies consist of the following_
A) D. Determination of the Market Share;
B) C. Positioning Strategy; Pricing Strategy: Distribution Strategy; And promotion Strategy
C) B Description of the Product or Service
D) A. Definition of the market
E) A,C,D
- 51. Situation: You're in the early stages of developing your business plan. What should be your first step?
A) Objectives
B) Executive Summary
C) Conduct market research
- 52. Situation: Your business has received negative feedback online, and your reputation is at stake. How should you handle this situation?
A) Respond professionally and address the concerns openly
B) Seek venture capital (Investment banks/financial institutions and/or investors)
C) Seek or consult guidance from mentors or advisors /business experts
- 53. Situation: Your startup has achieved initial success, but you're unsure about the next steps. What should you prioritize?
A) Seek or consult guidance from mentors or advisors /business experts
B) Seek venture capital (Investment banks/financial institutions and/or investors)
C) Respond professionally and address the concerns openly
- 54. Situation: You've identified a new market opportunity, but it requires a significant investment. What should you do to secure funding?
A) Seek or consult guidance from mentors or advisors /business experts
B) Respond professionally and address the concerns openly
C) Seek venture capital (Investment banks/financial institutions and/or investors)
- 55. Situation: Your startup is struggling to find customers for your product. What should you do to improve your marketing strategy?
A) Seek or consult guidance from mentors or advisors /business experts
B) Narrow down your target audience and tailor your messaging (Establish Superior Target Market and Develop Appropriate and Effective Promotion Strategy)
C) Seek venture capital (Investment banks/financial institutions and/or investors)
- 56. It summarizes the content and purpose of your finished plan, covering all of the key points.
A) Introduction
B) Objectives
C) Executive summary
- 57. This sub-section of the Business plan must be specific and realistic.
A) Objectives
B) Executive summary
C) Introduction
- 58. Which stage of the innovation process involves generating new ideas?
A) Validation
B) Commercialization
C) Ideation
D) Execution
- 59. refers to how the firm differentiates its products or service from those of the competitors and serving a niche.
A) Business model
B) Executive summary
C) Product Positioning
D) Market strategy
- 60. refers to what the business organization plans to do to achieve that market objective of the firm.
A) Product positioning
B) Business model
C) Market strategy
D) Executive summary
- 61. A company's core strategy for profitably doing business.
A) Product positioning
B) Market strategy
C) Executive summary
D) Business model
- 62. It is prepared after the business plan is written.
A) Executive summary
B) Market strategy
C) Product positioning
D) Business model
- 63. Business Plan should be developing Effective Strategies for quality and Efficiency/Excellence.
A) True
B) False
C) Maybe
- 64. Sell directly to consumers.
A) Brokers
B) Retailers
C) Wholesalers
- 65. Agents/ are distributors who buy directly from distributions or wholesalers and sell to retailers or end-users.
A) Retailers
B) Brokers
C) Wholesalers
- 66. Channel members that sell to the retailers or other agents for further distribution through the channel until they reach the final users.
A) Brokers
B) Retailers
C) Wholesalers
- 67. most effective channel if the plant/firm is to move goods or services directly to the ultimate buyers or users
A) Mark up pricing
B) .Promotion Pricing
C) Direct Sales Distribution
- 68. Offering such as, trade discount as pricing strategy.
A) Direct sales distribution
B) Mark up pricing
C) Promotion pricing
- 69. cost-oriented pricing in which the firm sets prices by adding per unit merchandise costs, operating expenses and desired profit.
A) Direct sales distribution
B) Mark up pricing
C) Promotion pricing
- 70. pricing -settings on the basis of prices charge by competitors.
A) Value based pricing
B) Demand pricing
C) Competitors pricing
D) Price penetration
- 71. Sets low prices to attract a large customer base and increase market share.
A) Competitor pricing
B) Demand pricing
C) Price penetration
- 72. It is customer-focused, meaning companies base their pricing on how much the customer believes a product is worth.
A) Competitor pricing
B) Demand pricing
C) Value based pricing
D) Price penetration
- 73. Demand pricing is where the firms sets prices based on buyer desires.
A) Value based pricing
B) Price penetration
C) Competitor pricing
D) Demand pricing
- 74. Covers all costs, variable and fixed costs, variable and fixed costs, plus and extra increment to deliver profit.
A) Price penetration
B) Cost plus pricing
C) Demand pricing
D) Competitor pricing
- 75. The process and methodology used to determine prices for products and services.
A) Cost plus pricing
B) Pricing strategy
C) Competitor pricing
D) Price penetration
- 76. refers to the individual firm's sales as a percentage of the total sales in a specific market.
A) Market share
B) Game plan
C) Market competitors
- 77. "The concept of developing a plan (Business Planning) by scrutinizing and developing effective strategies is also known as ?
A) Market share
B) Market competitors
C) Game plan
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