- 1. is the process of identifying opportunities and creating value by developing new products, services, or business ventures.
A) Job creation
B) Entrepreneurs
C) Economic growth
D) Entrepreneurship
- 2. are individuals who take calculated risks to turn their innovative ideas into viable businesses
A) Job creation
B) Entrepreneurs
C) Economic growth
D) Entrepreneurship
- 3. are often associated with starting businesses from scratch, and they play a crucial role in driving innovation and economic growth.
A) Entrepreneurs
B) Entrepreneurship
C) Economic growth
D) Job creation
- 4. Small and medium-sized enterprises, often founded by entrepreneurs are major contributors to job creation
A) Wealth generation
B) Job creation
C) Entrepreneurship
D) Economic growth
- 5. an increase in the capacity of an economy to produce goods and services, compared from one period of time to another
A) Wealth generation
B) Job creation
C) Entrepreneurs
D) Economic growth
- 6. Successful entrepreneurial ventures can lead to significant wealth creation for both the entrepreneurs and their stakeholders.
A) Wealth generation
B) Pursuing opportunity
C) Job creation
D) Technological advancement
- 7. Entrepreneurship provides people with the opportunity to pursue their dreams and make a difference in the world.
A) Wealth generation
B) Entrepreneurship
C) Pursuing opportunity
D) Job creation
- 8. Many technological breakthroughs are driven by entrepreneurial ventures.
A) Job creation
B) Technological advancement
C) Pursuing opportunity
D) Wealth generation
- 9. Entrepreneurs think outside the box, identifying unique solutions to problems
A) Creative and innovative
B) Risk- taking
C) Vision
D) Job creation
- 10. Entrepreneurs are comfortable with taking calculated risks to pursue their business ideas
A) risk - taking
B) Creative and innovative
C) Wealth generation
D) Vision
- 11. Entrepreneurs have a clear vision of what they
want to achieve with their businesses.
A) Risk - taking
B) Passion
C) Creative and innovative
D) Vision
- 12. A strong vision and passion inspire others to join
their journey, including employees, investors, and
customers.
A) Passion
B) Risk - taking
C) Vision
D) Creative and innovative
- 13. is essential for maintaining momentum and continuing to work towards long-term goals despite obstacles
A) Vision
B) Adaptability
C) Resilience
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) Resilience
B) Vision
C) Adaptability
D) Risk - taking
- 16. Building strong networks is crucial for entrepreneurs to access resources, mentorship, and potential partnerships.
A) Passion
B) Adaptability
C) Networking
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) Customer interaction
B) Merchandising
C) Marketing and presentation
D) Inventory management
- 18. Merchandising businesses maintain inventory of products they intend to sell, often in retail stores or online
A) Merchandising
B) Customer interaction
C) Marketing and presentation
D) Inventory management
- 19. Effective marketing and product presentation are essential to attract customers and drive sales.
A) Merchandising
B) Inventory management
C) Customer interaction
D) Marketing and presentation
- 20. Customer service plays a crucial role in ensuring customer satisfaction
A) Customer interaction
B) Inventory management
C) Marketing and presentation
D) Profit margin
- 21. is generated by selling products at a higher price than the purchase cost.
A) Customer interaction
B) Profit margin
C) Lower production costs
D) Wide product selection
- 22. Merchandising businesses don't have the expenses associated with manufacturing or production facilities, which can result in lower operational costs.
A) Quick entry to market
B) Wide product selection
C) Customer interaction
D) Lower production costs
- 23. Retailers can offer a wide variety of products from different manufacturers and suppliers, catering to diverse customer preferences
A) Customer interaction
B) Quick entry to market
C) Lower production costs
D) Wide product selection
- 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) Quick entry to market
B) Customer interaction
C) Inventory management
D) Market competition
- 26. Managing inventory can be complex and costly, as unsold products tie up capital and may become obsolete
A) Inventory management
B) Seasonal fluctuations
C) Customer interaction
D) Market competition
- 27. High competition in the retail sector can lead to pressure on pricing and profit margins.
A) Market competition
B) Inventory management
C) Marketing costs
D) Seasonal fluctuations
- 28. Many retail businesses experience seasonal fluctuations in sales, which can impact revenue and cash flow.
A) Marketing costs
B) Market competition
C) Inventory management
D) Seasonal fluctuations
- 29. Effective marketing and advertising are crucial but can be expensive
A) Marketing costs
B) Seasonal fluctuations
C) Inventory management
D) Market competition
- 30. Known for his innovation and vision in transforming technology and consumer electronics
A) Steve jobs
B) Tony Tan Caktiong
C) Henry Sy Sr
D) Elon Musk
- 31. Innovator in electric vehicles, renewable energy, and space exploration.
A) Tony Tan Caktiong
B) Elon Musk
C) Henry Sy Sr
D) Steve Jobs
- 32. Regarded as one of the most influential entrepreneurs in the Philippines, founded the SM Group, which began as a small shoe store.
A) Steve Jobs
B) Elon Musk
C) Henry Sy Sr
D) Tony Tan Caktiong
- 33. founded Jollibee, a fast-food restaurant that has become a beloved icon in the Philippines and has also expanded internationally.
A) Tony Tan Caktiong
B) Natividad Cheng
C) Henry Sy Sr
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) Ramon Ang
B) Henry Sy Sr
C) Natividad Cheng
D) Tony Tan Caktiong
- 35. He is known for his leadership in expanding San Miguel's portfolio into various industries, including food, beverages, energy, and infrastructure.
A) Tony Tan Caktiong
B) Henry Sy Sr
C) Natividad Cheng
D) Ramon Ang
- 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) Marketing and Presentation
B) Customer Interaction
C) Merchandising
D) Inventory Management
- 37. Merchandising businesses maintain inventory of products they intend to sell, often in retail stores or online
A) Inventory Management
B) Merchandising
C) Marketing and Presentation
D) Customer Interaction
- 38. Effective marketing and product presentation are essential to attract customers and drive sales.
A) Merchandising
B) Marketing and Presentation
C) Inventory Management
D) Customer Interaction
- 39. Customer service plays a crucial role in ensuring customer satisfaction.
A) Wide Product Selection
B) Profit Margin
C) Lower Production Costs
D) Customer Interaction
- 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) Profit Margin
D) Lower Production Costs
- 41. Merchandising businesses don't have the expenses associated with manufacturing or production facilities, which can result in lower operational costs
A) Lower Production Costs
B) Customer Interaction
C) Wide Product Selection
D) Profit Margin
- 42. Retailers can offer a wide variety of products from different manufacturers and suppliers, catering to diverse customer preferences
A) Customer Interaction
B) Wide Product Selection
C) Lower Production Costs
D) Quick Entry to Market
- 43. Starting a retail business is often quicker and requires less initial investment compared to manufacturing
A) Profit Margin
B) Customer Interaction
C) Lower Production Costs
D) Quick Entry to Market
- 44. Direct interaction with customers provides opportunities for building brand loyalty and receiving immediate feedback
A) Inventory Management
B) Customer Interaction
C) Market Competition
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) Seasonal Fluctuations
D) Market Competition
- 46. High competition in the retail sector can lead to pressure on pricing and profit margins.
A) Customer Interaction
B) Market Competition
C) Marketing Costs
D) Seasonal Fluctuations
- 47. Many retail businesses experience seasonal fluctuations in sales, which can impact revenue and cash flow.
A) Customer Interaction
B) Seasonal Fluctuations
C) Marketing Costs
D) Inventory Management
- 48. Effective marketing and advertising are crucial but can be expensive
A) Customer Interaction
B) Inventory Management
C) Marketing Costs
D) Market Competition
- 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) Supply Chain Management
B) Production Process
C) Quality Control
D) Manufacturing
- 50. Manufacturing companies have production facilities where they create products in bulk.
A) Supply Chain Management
B) Production Process
C) Profit margin
D) Quality Control
- 51. Quality assurance and control are critical to ensuring that products meet specified standards.
A) Quality Control
B) Manufacturing
C) Production Process
D) Supply Chain Management
- 52. Managing the procurement of raw materials and distribution of finished products is vital
A) Quality Control
B) Manufacturing
C) Production Process:
D) Supply Chain Management
- 53. Profit is generated by selling the manufactured products at a markup over production costs
A) Profit Margin
B) Potential for Innovation
C) Control Over Production
D) Production Process
- 54. Manufacturers have control over and product quality, customization, production processes
A) Control Over Production
B) Potential for Innovation
C) Economies of Scale
D) Brand Control
- 55. Manufacturing businesses can continuously improve their products and processes, fostering innovation
A) Control Over Production
B) Economies of Scale
C) Brand Control
D) Potential for Innovation
- 56. Producing goods can in large quantities savings per unit
A) Profit margin
B) Brand Control
C) Potential for Innovation
D) Economies of Scale
- 57. Manufacturers can establish
their own brands and have more control over reputation
their products
A) Economies of Scale
B) Profit margin
C) Potential for Innovation
D) Brand Control
- 58. Setting up manufacturing facilities can be capital-intensive, requiring substantial investment
A) High Initial Capital
B) Market Risk
C) Inventory Management
D) Brand Control
- 59. Manufacturers are exposed to market fluctuations and may face challenges when demand decreases
A) High Initial Capital
B) Inventory Management
C) Profit margin
D) Market Risk
- 60. Balancing inventory levels to meet demand without overstocking can be challenging.
A) Market Risk
B) Inventory Management
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) Customer-Centric
C) Service
- 63. Customer satisfaction and the quality of service delivery are paramount.
A) Intangibility
B) Highly Skilled Workforce
C) Customer-Centric
D) Profit margin
- 64. Many service businesses rely on skilled professionals or experts.
A) Customer-Centric
B) Intangibility
C) Highly Skilled Workforce
- 65. Services can often be customized to meet individual customer needs.
A) Customization
B) Intangibility
C) Service
D) Highly Skilled Workforce
- 66. Profit is generated through fees or charges for the services rendered.
A) Profit margin
B) Low Overhead
C) Customization
D) Highly Skilled Workforce
- 67. Services professionals, which can result in higher billing rates and revenues
A) Profit margin
B) Low Overhead
C) Highly Skilled Workforce
D) Customization
- 68. Service businesses often have lower overhead costs compared to manufacturing or retail.
A) Low Overhead
B) Highly Skilled Workforce
C) Flexibility
- 69. Many services can be customized to meet individual customer needs
allowing for flexibility and personalization
A) Low Overhead
B) Flexibility
C) Profit Margin
D) Highly Skilled Workforce
- 70. Service quality is heavily reliant on the skills and performance of employees, which can be a risk.
A) Seasonality
B) Highly Skilled Workforce
C) Dependence on Personnel
D) Intangibility
- 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) Seasonality
B) Intangibility
C) Profit margin
D) Dependence on Personnel
- 73. could be product or services or a combination of both.
A) Executive summary
B) Title/ subject matter
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) Vision
B) Executive summary
C) Objectives
- 76. Provides an overview of the main points of a larger report or business proposal.
A) Objectives
B) Mission
C) Executive summary
D) Vision
- 77. State the background of the business you're proposing
A) Objectives
B) Vision
C) Introduction
- 78. are the specific and measurable results companies hope to maintain as their business grows
A) Company ownership
B) Objectives
C) introduction
- 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) Vision
B) Mission
C) Introduction
- 80. It is a brief description of why company or organization exists.
A) Vision
B) Mission
- 81. It explains what the company does, who it serves, and what differentiates it from competitors.
A) Mission
B) Vision
- 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) Company ownership
B) Product/ Service Description
C) Advantages and disadvantages
- 83. Partnership is an arrangement between two to five individuals' people to oversee business operations and share its profits and liabilities.
A) Limited partnership
B) General partnership
C) Company Ownership
- 84. All members share equal capital, profits and liabilities
A) Company ownership
B) General partnership
- 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) mission
B) Company ownership
C) Vision
- 87. Corporation is a legal entity separate from its owners, with shareholders who own the company by owning shares of stock.
A) Company ownership
B) Advantages and disadvantages
C) Product/ Service Description
- 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) Marketing strategy
B) Product/ Service Description
- 89. Listing down where the companies are good on, and what makes you different from the rest.
A) Threats
B) Strength
C) Weakness
D) Opportunities
- 90. Pointing out what the companies are lacking on, and other things where the company's having hard times dealing with it.
A) Opportunities
B) Weakness
C) Strength
- 91. Anticipating circumstances that might be an advantage to the companies along its operation
A) Strength
B) Weakness
C) Opportunities
- 92. Any circumstances that could have a negative impact to your company.
A) Threats
B) Strength
C) Weakness
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) Freemium Pricing
B) Cost-Plus Pricing
C) Competition-Based 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) Dynamic pricing
B) Freemium Pricing
C) Competition-Based 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) Bundle Pricing
B) Geographic Pricing
C) Freemium pricing
- 100. a pricing strategy by which charges the highest initial price that customer will pay and then lowers it over time
A) Penetration Pricing
B) Skimming pricing
C) Premium Pricing
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