- 1. Process of identifying opportunities and creating value by developing new products, services, or business ventures
A) Entrepreneur
B) Entrepreneurship
C) Importance of entrepreneurship
- 2. Individual who take calculated risk to turn their innovative ideas into viable businesses
A) Entrepreneurship
B) None of these
C) Importance of entrepreneurship
D) Entrepreneurs
- 3. Associated with starting business from scratch, and they play a crucial role in driving innovation and economic growth
A) Successful entrepreneurs
B) Importance of entrepreneurship
C) Entrepreneurs
D) Entrepreneurship
- 4. How many importance of entrepreneurship?
A) 9
B) 8
C) 5
D) 6
E) 7
- 5. Small and medium sized enterprise, founded by entrepreneur, are major contributor to job creation
A) Opportunity
B) Job creation
C) Economic growth
- 6. Drives economic growth by introducing new products, services and business model
A) Economic growth
B) Job creation
C) Opportunity
- 7. Successful entrepreneurial ventures can lead to significant wealth creation for both the entrepreneur and their stakeholders
A) Global competitiveness
B) Job creation
C) Creative and innovative
D) Wealth generation
- 8. Refers to individuals, groups, or entities that have an interest, influence, or stake in the operation, decision, and outcomes of the company or organization
A) Global competitiveness
B) Job creation
C) Stakeholders
D) Economic growth
- 9. Entrepreneurship provides people with the opportunity to pursue their dreams and make a difference in the world
A) Risk taking
B) Passion
C) Stakeholders
D) Opportunity
- 10. Entrepreneurship enhances a country's competitiveness on the global stage
A) Global competitiveness
B) Flexibility
C) Low overhead
D) Opportunity
- 11. How many characteristics of successful entrepreneurs?
A) 6
B) 2
C) 3
D) 4
E) 5
- 12. How many key aspects of merchandizing?
A) 2
B) 5
C) 4
D) 3
- 13. How many advantage of merchandizing?
A) 7
B) 6
C) 9
D) 10
E) 8
- 14. How many key aspects of manufacturing?
A) 1
B) 5
C) 3
D) 4
E) 2
- 15. How many advantage of manufacturing?
A) 3
B) 6
C) 4
D) 5
E) 2
- 16. Entrepreneurs think outside the box identifying unique solution to problem
A) Risk taking
B) Opportunity
C) Creative and innovative
- 17. Entrepreneurs are comfortable with taking calculated risk to pursue their business ideas
A) Risk taking
B) Creative and innovative
C) Vision
D) Passion
- 18. Entrepreneurs have a clear vision of what they want to achieve with their business
A) Vision
B) Opportunity
C) Risk taking
D) Passion
- 19. Drives entrepreneur to work tirelessly to turn their ideas into reality
A) None of these
B) Vision
C) Mission
D) Passion
- 20. Entrepreneurial ventures are often accompanied by challenge, set backs and failures
A) Job creation
B) Resilience
C) Networking
- 21. Essential for maintaining momentum and continuing to work towards long-term goals despite obstacles
A) Profit margin
B) Resilience
C) Inventory management
- 22. Building strong networks is crucial for entrepreneurs to access resources, mentorship and potential partnership
A) Networking
B) Resilience
C) Lower production costs
- 23. How many disadvantage of manufacturing?
A) 4
B) 5
C) 3
D) 2
- 24. How many key aspects of services?
A) 5
B) 4
C) 3
D) 6
- 25. Founder of Tesla and spaceX
A) Elon musk
B) Natividad Cheng
C) Steve jobs
D) Ramon Ang
- 26. Known for his innovation and vision in transforming technology and consumer electronics
A) Elon musk
B) Natividad Cheng
C) Ramon Ang
D) Steve jobs
A) Elon musk
B) Ramon Ang
C) Steve jobs
- 28. Innovator in electronic vehicle, renewable energy, and space exploration
A) Elon musk
B) Steve jobs
C) Natividad Cheng
- 29. Natividad Cheng is a founder of?
A) Tesla
B) Uratex
C) spaceX
D) San Miguel
- 30. Founder of uratex, leading manufacturer of foam and mattresses in the PH.
A) Natevedad Cheng
B) Natevedad Ching
C) Natividad Cheng
D) Natividad Ching
- 31. Founder of San Miguel corporation?
A) Ramon Ang
B) Steve jobs
C) Natividad Cheng
- 32. Known for his leadership in expanding San Miguel's portfolio into various industries, including food, beverage, energy, and infrastructure
A) Ramon Ang
B) None of these
C) Elon musk
- 33. Process of buying, displaying, marketing, and selling physical products to customer
A) Merchandizing
B) Manufacturing
C) Services
- 34. Merchandizing businesses maintain inventory of products they intend to sell, often in retail stores or online
A) Profit margin
B) Inventory management
C) Marketing and presentation
- 35. Effective marketing and product presentation are essential to attract customers and drive sales
A) Marketing and presentation
B) Inventory management
C) Marketing production
- 36. Customer service plays a crucial role in ensuring customer satisfaction
A) Inventory management
B) Customer interaction
C) Customer
D) Interaction
- 37. Generated by selling products at a higher price
A) Management
B) Inventory management
C) Profit margin
D) Customer interaction
E) Inventory
- 38. Don't have the expenses associated with manufacturing or production facilities, which can result in lower operational cost
A) Operational Costs
B) Customer interaction
C) Lower production costs
- 39. How many advantage of services?
A) 4
B) 10
C) 3
D) 2
- 40. How many disadvantage of services?
A) 33
B) 3
C) 4
D) 3333
E) 333
- 41. Retailers can offer a wide variety of products from different manufacturers and suppliers, catering to diverse customer preference
A) Customer interaction
B) Wide product
C) Quality control
D) Wide product selection
- 42. Starting a retail business is often quicker and requires less initial investment compared to manufacturing
A) Quick entry to market
B) Customer interaction
C) Marketing cost
- 43. Direct interaction with customers provide opportunities for building brand loyalty and receiving immediate feedback
A) Customer
B) Seasonal fluctuations
C) Interaction
D) Customer interaction
- 44. Many retail business experience seasonal fluctuations in sales, which can impact revenue and cash flow
A) Fluctuations
B) Seasonal
C) Seasonal fluctuations
- 45. Effective marketing and advertising are crucial but can be expensive
A) Production process
B) Marketing strategy
C) Marketing cost
- 46. Involves the production of tangible goods through various processes, including assembly, fabrication or processing of raw materials
A) None of these
B) Services
C) Manufacturing
D) Merchandizing
- 47. Manufacturing companies have production facilities where they create products in bulk
A) Quality control
B) Production process
C) Supply chain management
- 48. Quality assurance and control are critical to ensuring that products meet specified standard
A) Supply chain management
B) Quality control
C) Control
D) Quality
- 49. Managing the procurement of raw materials and distribution of finished products is vital
A) Management
B) Supply chain management
C) Chain
D) Supply
- 50. Generated by selling the manufactured products at a markup over production costs
A) Supply chain management
B) Production process
C) Profit margin
D) Quality control
- 51. Manufacturer have control over product quality, customization, and production processes
A) Production
B) Control over production
C) Economies of scale
D) Control
- 52. Continuously improve their products and processes, flustering innovation
A) Opportunity
B) Potential for innovation
C) Creative and innovative
- 53. Producing goods in large quantities can lead to cost savings per unit
A) Economies of scale
B) Potential for innovation
C) Production process
- 54. Establish their own brands and have more control over their products reputation
A) Brand control
B) Economies of scale
C) Customer interaction
- 55. Setting up manufacturing facilities can be capital intensive requiring substantial investment
A) Market risk
B) Inventory management
C) High initial capital
- 56. Exposed to market fluctuations and may face challenges when demand decreases
A) Risk taking
B) Market risk
C) Marketing strategy
- 57. Balancing inventory levels to meet demand without overstocking can be challenging
A) High initial investment
B) High initial capital
C) Market risk
D) Inventory management
- 58. Offer intangible, non-physical services or expertise to customer
A) Merchandizing
B) Manufacturing
C) Services
D) None of these
- 59. Services cannot be held or touched
A) Profit margin
B) Intangibility
C) Customer centric
- 60. Customer satisfaction and the quality of service delivery paramount
A) Low overhead
B) Seasonality
C) Customer centric
D) Intangibility
- 61. Many service businesses rely on skilled professional or experts
A) Low overhead
B) Highly skilled workplace
C) Flexibility
- 62. Services can often be customized to meet individual customer needs
A) Customization
B) Flexibility
C) Customer centric
D) Innovative
- 63. Generated through fees or charges for the services rendered
A) Profit margin
B) Seasonality
C) Customization
- 64. Services often require skilled professional
A) Low overhead
B) Highly skilled workplace
C) Dependence on personnel
D) Flexibility
- 65. Lower overhead costs compared to manufacturing or retail
A) Highly skilled workplace
B) None of these
C) Low overhead
D) Customization
- 66. Allowing for flexibility and personalization
A) Low overhead
B) All of these
C) Highly skilled workplace
D) Flexibility
- 67. Heavily reliant on the skills and performance of employees
A) On
B) Dependence
C) Personnel
D) Dependence on personnel
- 68. Some services industries such as tourism, may be highly seasonal and subject to economic downturns
A) Dependence on personnel
B) Seasonality
C) None of these
D) Intangibility
- 69. Intangible nature of services can make marketing and conveying value more challenging
A) Intangibility
B) Intangibility service
C) None of these
D) Seasonality
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