entrepreneur
  • 1. is the process of identifying opportunities and creating value by developing new products, services, or business ventures.
A) Economic growth
B) Job creation
C) Entrepreneurs
D) Entrepreneurship
  • 2. are individuals who take calculated risks to turn their innovative ideas into viable businesses
A) Economic growth
B) Entrepreneurship
C) Entrepreneurs
D) Job creation
  • 3. are often associated with starting businesses from scratch, and they play a crucial role in driving innovation and economic growth.
A) Job creation
B) Entrepreneurs
C) Entrepreneurship
D) Economic growth
  • 4. Small and medium-sized enterprises, often founded by entrepreneurs are major contributors to job creation
A) Wealth generation
B) Economic growth
C) Entrepreneurship
D) Job creation
  • 5. an increase in the capacity of an economy to produce goods and services, compared from one period of time to another
A) Economic growth
B) Wealth generation
C) Job creation
D) Entrepreneurs
  • 6. Successful entrepreneurial ventures can lead to significant wealth creation for both the entrepreneurs and their stakeholders.
A) Technological advancement
B) Wealth generation
C) Pursuing opportunity
D) Job creation
  • 7. Entrepreneurship provides people with the opportunity to pursue their dreams and make a difference in the world.
A) Entrepreneurship
B) Pursuing opportunity
C) Wealth generation
D) Job creation
  • 8. Many technological breakthroughs are driven by entrepreneurial ventures.
A) Job creation
B) Pursuing opportunity
C) Technological advancement
D) Wealth generation
  • 9. Entrepreneurs think outside the box, identifying unique solutions to problems
A) Risk- taking
B) Vision
C) Job creation
D) Creative and innovative
  • 10. Entrepreneurs are comfortable with taking calculated risks to pursue their business ideas
A) Wealth generation
B) risk - taking
C) Creative and innovative
D) Vision
  • 11. Entrepreneurs have a clear vision of what they
    want to achieve with their businesses.
A) Risk - taking
B) Vision
C) Creative and innovative
D) Passion
  • 12. A strong vision and passion inspire others to join
    their journey, including employees, investors, and
    customers.
A) Creative and innovative
B) Vision
C) Risk - taking
D) Passion
  • 13. is essential for maintaining momentum and continuing to work towards long-term goals despite obstacles
A) Resilience
B) Adaptability
C) Vision
D) Risk-taking
  • 14. Being adaptable allows entrepreneurs to stay relevant and competitive, ensuring that their businesses can thrive in

    dynamic environments.
A) Job creation
B) Vision
C) Resilience
D) Adaptability
  • 15. They continually gather market insights and adjust their offerings to meet evolving customer needs.
A) Adaptability
B) Risk - taking
C) Vision
D) Resilience
  • 16. Building strong networks is crucial for entrepreneurs to access resources, mentorship, and potential partnerships.
A) Networking
B) Passion
C) Adaptability
D) Resilience
  • 17. refers to the process of buying, displaying, marketing, and selling physical products to customers. It primarily involves the resale of products that have been manufactured or produced by others
A) Inventory management
B) Merchandising
C) Customer interaction
D) Marketing and presentation
  • 18. Merchandising businesses maintain inventory of products they intend to sell, often in retail stores or online
A) Customer interaction
B) Merchandising
C) Marketing and presentation
D) Inventory management
  • 19. Effective marketing and product presentation are essential to attract customers and drive sales.
A) Marketing and presentation
B) Merchandising
C) Customer interaction
D) Inventory management
  • 20. Customer service plays a crucial role in ensuring customer satisfaction
A) Marketing and presentation
B) Profit margin
C) Inventory management
D) Customer interaction
  • 21. is generated by selling products at a higher price than the purchase cost.
A) Profit margin
B) Lower production costs
C) Wide product selection
D) Customer interaction
  • 22. Merchandising businesses don't have the expenses associated with manufacturing or production facilities, which can result in lower operational costs.
A) Wide product selection
B) Customer interaction
C) Quick entry to market
D) Lower production costs
  • 23. Retailers can offer a wide variety of products from different manufacturers and suppliers, catering to diverse customer preferences
A) Wide product selection
B) Lower production costs
C) Quick entry to market
D) Customer interaction
  • 24. Starting a retail business is often quicker and requires less initial investment compared to manufacturing
A) Customer interaction
B) Market competition
C) Quick entry to market
D) Inventory management
  • 25. Direct interaction with customers provides opportunities for building brand loyalty and receiving immediate feedback
A) Inventory management
B) Market competition
C) Quick entry to market
D) Customer interaction
  • 26. Managing inventory can be complex and costly, as unsold products tie up capital and may become obsolete
A) Seasonal fluctuations
B) Customer interaction
C) Market competition
D) Inventory management
  • 27. High competition in the retail sector can lead to pressure on pricing and profit margins.
A) Seasonal fluctuations
B) Market competition
C) Marketing costs
D) Inventory management
  • 28. Many retail businesses experience seasonal fluctuations in sales, which can impact revenue and cash flow.
A) Marketing costs
B) Seasonal fluctuations
C) Inventory management
D) Market competition
  • 29. Effective marketing and advertising are crucial but can be expensive
A) Seasonal fluctuations
B) Inventory management
C) Market competition
D) Marketing costs
  • 30. Known for his innovation and vision in transforming technology and consumer electronics
A) Elon Musk
B) Henry Sy Sr
C) Tony Tan Caktiong
D) Steve jobs
  • 31. Innovator in electric vehicles, renewable energy, and space exploration.
A) Elon Musk
B) Steve Jobs
C) Tony Tan Caktiong
D) Henry Sy Sr
  • 32. Regarded as one of the most influential entrepreneurs in the Philippines, founded the SM Group, which began as a small shoe store.
A) Henry Sy Sr
B) Tony Tan Caktiong
C) Steve Jobs
D) Elon Musk
  • 33. founded Jollibee, a fast-food restaurant that has become a beloved icon in the Philippines and has also expanded internationally.
A) Natividad Cheng
B) Henry Sy Sr
C) Tony Tan Caktiong
D) Steve Jobs
  • 34. is the founder of Uratex, a leading manufacturer of foam and mattresses in the Philippines. Uratex has become a household name, known for its quality bedding products
A) Natividad Cheng
B) Tony Tan Caktiong
C) Henry Sy Sr
D) Ramon Ang
  • 35. He is known for his leadership in expanding San Miguel's portfolio into various industries, including food, beverages, energy, and infrastructure.
A) Natividad Cheng
B) Henry Sy Sr
C) Ramon Ang
D) Tony Tan Caktiong
  • 36. refers to the process of buying, displaying, marketing, and selling physical products to customers. It primarily involves the resale of products that have been manufactured or produced by others.
A) Merchandising
B) Inventory Management
C) Customer Interaction
D) Marketing and Presentation
  • 37. Merchandising businesses maintain inventory of products they intend to sell, often in retail stores or online
A) Customer Interaction
B) Merchandising
C) Marketing and Presentation
D) Inventory Management
  • 38. Effective marketing and product presentation are essential to attract customers and drive sales.
A) Customer Interaction
B) Inventory Management
C) Merchandising
D) Marketing and Presentation
  • 39. Customer service plays a crucial role in ensuring customer satisfaction.
A) Wide Product Selection
B) Lower Production Costs
C) Customer Interaction
D) Profit Margin
  • 40. Profit is generated by selling products at a higher price than the purchase cost.
A) Quick Entry to Market
B) Wide Product Selection
C) Lower Production Costs
D) Profit Margin
  • 41. Merchandising businesses don't have the expenses associated with manufacturing or production facilities, which can result in lower operational costs
A) Profit Margin
B) Lower Production Costs
C) Customer Interaction
D) Wide Product Selection
  • 42. Retailers can offer a wide variety of products from different manufacturers and suppliers, catering to diverse customer preferences
A) Quick Entry to Market
B) Wide Product Selection
C) Lower Production Costs
D) Customer Interaction
  • 43. Starting a retail business is often quicker and requires less initial investment compared to manufacturing
A) Profit Margin
B) Customer Interaction
C) Quick Entry to Market
D) Lower Production Costs
  • 44. Direct interaction with customers provides opportunities for building brand loyalty and receiving immediate feedback
A) Market Competition
B) Customer Interaction
C) Inventory Management
D) Seasonal Fluctuations
  • 45. Managing inventory can be complex and costly, as unsold products tie up capital and may become obsolete
A) Marketing Costs
B) Inventory Management
C) Market Competition
D) Seasonal Fluctuations
  • 46. High competition in the retail sector can lead to pressure on pricing and profit margins.
A) Market Competition
B) Marketing Costs
C) Customer Interaction
D) Seasonal Fluctuations
  • 47. Many retail businesses experience seasonal fluctuations in sales, which can impact revenue and cash flow.
A) Inventory Management
B) Marketing Costs
C) Seasonal Fluctuations
D) Customer Interaction
  • 48. Effective marketing and advertising are crucial but can be expensive
A) Customer Interaction
B) Market Competition
C) Marketing Costs
D) Inventory Management
  • 49. involves the production of tangible goods

    through various processes, including assembly, fabrication, or processing of raw materials. Manufacturing businesses create products from scratch or assemble components to create finished goods
A) Quality Control
B) Supply Chain Management
C) Manufacturing
D) Production Process
  • 50. Manufacturing companies have production facilities where they create products in bulk.
A) Quality Control
B) Profit margin
C) Supply Chain Management
D) Production Process
  • 51. Quality assurance and control are critical to ensuring that products meet specified standards.
A) Manufacturing
B) Production Process
C) Supply Chain Management
D) Quality Control
  • 52. Managing the procurement of raw materials and distribution of finished products is vital
A) Supply Chain Management
B) Quality Control
C) Manufacturing
D) Production Process:
  • 53. Profit is generated by selling the manufactured products at a markup over production costs
A) Profit Margin
B) Control Over Production
C) Production Process
D) Potential for Innovation
  • 54. Manufacturers have control over and product quality, customization, production processes
A) Potential for Innovation
B) Economies of Scale
C) Control Over Production
D) Brand Control
  • 55. Manufacturing businesses can continuously improve their products and processes, fostering innovation
A) Control Over Production
B) Potential for Innovation
C) Economies of Scale
D) Brand Control
  • 56. Producing goods can in large quantities savings per unit
A) Profit margin
B) Potential for Innovation
C) Economies of Scale
D) Brand Control
  • 57. Manufacturers can establish
    their own brands and have more control over reputation
    their products
A) Brand Control
B) Profit margin
C) Economies of Scale
D) Potential for Innovation
  • 58. Setting up manufacturing facilities can be capital-intensive, requiring substantial investment
A) Brand Control
B) High Initial Capital
C) Market Risk
D) Inventory Management
  • 59. Manufacturers are exposed to market fluctuations and may face challenges when demand decreases
A) Profit margin
B) Market Risk
C) High Initial Capital
D) Inventory Management
  • 60. Balancing inventory levels to meet demand without overstocking can be challenging.
A) Inventory Management
B) Market Risk
C) High Initial Capital
  • 61. Service businesses offer intangible, non-physical services or expertise to customers. Instead of selling products, they experiences
    provide solutions or
A) Intangibility
B) Service
C) Customer-Centric
  • 62. Services cannot be held or touched; they are experiential and often result from interactions between customers and service providers
A) Intangibility
B) Service
C) Customer-Centric
  • 63. Customer satisfaction and the quality of service delivery are paramount.
A) Profit margin
B) Highly Skilled Workforce
C) Intangibility
D) Customer-Centric
  • 64. Many service businesses rely on skilled professionals or experts.
A) Highly Skilled Workforce
B) Intangibility
C) Customer-Centric
  • 65. Services can often be customized to meet individual customer needs.
A) Highly Skilled Workforce
B) Intangibility
C) Service
D) Customization
  • 66. Profit is generated through fees or charges for the services rendered.
A) Customization
B) Highly Skilled Workforce
C) Profit margin
D) Low Overhead
  • 67. Services professionals, which can result in higher billing rates and revenues
A) Highly Skilled Workforce
B) Profit margin
C) Customization
D) Low Overhead
  • 68. Service businesses often have lower overhead costs compared to manufacturing or retail.
A) Highly Skilled Workforce
B) Flexibility
C) Low Overhead
  • 69. Many services can be customized to meet individual customer needs
    allowing for flexibility and personalization
A) Highly Skilled Workforce
B) Profit Margin
C) Low Overhead
D) Flexibility
  • 70. Service quality is heavily reliant on the skills and performance of employees, which can be a risk.
A) Intangibility
B) Highly Skilled Workforce
C) Seasonality
D) Dependence on Personnel
  • 71. Some service industries, such as tourism, may be highly seasonal and subject to economic downturns.
A) Seasonality
B) Dependence on Personnel
C) Intangibility
  • 72. intangible nature of The services can make marketing and conveying value more challenging.
A) Intangibility
B) Profit margin
C) Seasonality
D) Dependence on Personnel
  • 73. could be product or services or a combination of both.
A) Title/ subject matter
B) Executive summary
C) Objectives
  • 74. Must be new to the world or an improvement to an existing product.
A) Introduction
B) Objectives
C) Title/ subject matter
  • 75. It is often written to share with individuals who may not have time to review the entire report or business proposal.
A) Executive summary
B) Objectives
C) Vision
  • 76. Provides an overview of the main points of a larger report or business proposal.
A) Objectives
B) Mission
C) Vision
D) Executive summary
  • 77. State the background of the business you're proposing
A) Vision
B) Objectives
C) Introduction
  • 78. are the specific and measurable results companies hope to maintain as their business grows
A) introduction
B) Company ownership
C) Objectives
  • 79. It is a vivid mental image of what you want your business to be at some point in the future, based on your goals and aspirations.
A) Mission
B) Vision
C) Introduction
  • 80. It is a brief description of why company or organization exists.
A) Mission
B) Vision
  • 81. It explains what the company does, who it serves, and what differentiates it from competitors.
A) Vision
B) Mission
  • 82. Sole Proprietorship is the default structure of a business that hasn't filed any paperwork to create a legal entity. It is the simplest form of business ownership
A) Advantages and disadvantages
B) Company ownership
C) Product/ Service Description
  • 83. Partnership is an arrangement between two to five individuals' people to oversee business operations and share its profits and liabilities.
A) Company Ownership
B) Limited partnership
C) General partnership
  • 84. All members share equal capital, profits and liabilities
A) General partnership
B) Company ownership
  • 85. Exists when to or more partners go into business together, but limited partners are only liable up to the amount of their investment.
A) Advantages and disadvantages
B) Limited partnership
C) General partnership
  • 86. A business owned and operated by a single individual
A) Vision
B) mission
C) Company ownership
  • 87. Corporation is a legal entity separate from its owners, with shareholders who own the company by owning shares of stock.
A) Product/ Service Description
B) Company ownership
C) Advantages and disadvantages
  • 88. It is a form of marketing copy used to describe and explain the benefits of your product. In other words, it provides all the information and details of your product
A) Product/ Service Description
B) Marketing strategy
  • 89. Listing down where the companies are good on, and what makes you different from the rest.
A) Threats
B) Opportunities
C) Weakness
D) Strength
  • 90. Pointing out what the companies are lacking on, and other things where the company's having hard times dealing with it.
A) Weakness
B) Strength
C) Opportunities
  • 91. Anticipating circumstances that might be an advantage to the companies along its operation
A) Strength
B) Opportunities
C) Weakness
  • 92. Any circumstances that could have a negative impact to your company.
A) Threats
B) Weakness
C) Strength
D) Opportunities
  • 93. Refers to a business's overall game plan for reaching prospective consumers and turning them into customers of their products or services
A) Marketing 4P's- product
B) Marketing 4P's- place
C) Marketing strategy
  • 94. Refers to anything that's being sold product, service or experience. a physical
A) Marketing strategy
B) Marle4P's- place
C) Marketing 4P's- product
  • 95. Refers to how much your product or service cost.
A) Marketing 4P's-, product
B) Marketing 4P's- place
  • 96. refers to the process of selecting strategic price points to best take advantage of a product or service-based market relative to competition
A) Competition- based pricing
B) Dynamic pricing
C) Cost- Plus - pricing
  • 97. a pricing strategy by which the selling price or a product is determined by adding a specific fixed percentage to the product's unit cost
A) Competition-Based Pricing
B) Freemium Pricing
C) Cost-Plus Pricing
  • 98. referred to as surge pricing, demand pricing, or time-based pricing is a pricing strategy in which businesses set flexible prices for products or services based on the current market demands.
A) Competition-Based Pricing
B) Freemium Pricing
C) Dynamic pricing
  • 99. refers to the practice of offering a basic set of services for free, and enhanced features and/or content for a fee
A) Freemium pricing
B) Geographic Pricing
C) Bundle Pricing
  • 100. a pricing strategy by which charges the highest initial price that customer will pay and then lowers it over time
A) Premium Pricing
B) Skimming pricing
C) Penetration Pricing
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