- 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 summary of the company's marketing and sales efforts
C) A description of the company's history and milestones
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) Distribution channels
B) Customer segments
C) Value proposition
- 3. What is the primary purpose of a business plan?
A) To track daily operations
B) To outline marketing strategies
C) To create organizational charts
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) Threats
B) Opportunities
C) Strengths
D) Weaknesses
- 6. Which part of SWOT analysis is concerned with factors that may limit the growth or competitiveness of a business?
A) Strengths
B) Threats
C) Opportunities
D) Weaknesses
- 7. In SWOT analysis, what type of factor is a skilled and motivated workforce for a company?
A) Threats
B) Strengths
C) Weaknesses
D) Opportunities
- 8. Which factor in SWOT analysis assesses the factors that could pose a challenge to the success of a business?
A) Opportunities
B) Strengths
C) Threats
D) Weaknesses
- 9. What part of SWOT analysis helps identify potential areas for growth or strategic advantages outside the current business scope?
A) Weaknesses
B) Threats
C) Opportunities
D) Strengths
- 10. External factors that could negatively impact a business are considered under which category in SWOT analysis?
A) Strengths
B) Threats
C) Opportunities
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) Strengths
C) Weaknesses
D) Opportunities
- 12. What does the "O" in SWOT analysis represent?
A) Opportunities
B) Organizations
C) Operations
D) Objectives
- 13. Which aspect of SWOT analysis focuses on internal factors that give a business a competitive advantage?
A) Strengths
B) Threats
C) Weaknesses
D) Opportunities
- 14. What does SWOT stand for in the context of a business plan?
A) Strengths, Weaknesses, Opportunities, Threats
B) Successful Workforce Optimization Training
C) Strategic Worldwide Operations Technique
D) Systematic Work Order Tool
- 15. What section of a business plan includes information about the location, facilities, and equipment needed for the business to operate?
- 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) Discuss the company's legal structure
D) Outline the marketing strategy
- 17. What part of a business plan outlines the potential risks and challenges the business may face and how they will be mitigated?
A) Financial Projections
B) Executive Summary
C) Risk Analysis
D) Company/Business Description
- 18. In the Management and Organization section, what information is typically provided about key team members?
A) Industry Analysis
B) Market Trends
C) Customer Demographics
D) Employment History and/or Background Profile
- 19. What section of a business plan details the marketing and sales strategy, pricing, and distribution channels?
A) Market Analysis
B) Executive Summary
C) perations Plan
D) Marketing Plan
- 20. What component of a business plan addresses the legal structure, ownership, and history of the company?
A) Business Model
B) Operations Plan
C) Company/Business Description
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) Products or Services
C) Marketing Plan
D) Executive Summary
- 22. What section of a business plan outlines the organizational structure, team members, and key personnel?
A) Executive Summary
B) Company Description
C) Management and Organization
D) Operations Plan
- 23. Which section focuses on the target market, competition, and marketing strategy of a business plan?
A) SWOT Analysis
B) Executive Summary Executive Summary
C) Market Analysis
- 24. What section of a business plan outlines the company's mission, vision, and values?
A) Company Description
B) Financial Projections
C) Market Analysis
D) Executive Summary Executive Summary
- 25. Situation: You're in the early stages of developing your business plan. What should be your first step?
A) Conduct market research
B) Create a detailed financial projection
C) Write the executive summary
D) Choose a catchy business name
- 26. The father of Modern Entrepreneurship
A) lola ko
B) papa niya
C) Joseph Alois Schumpeter
D) si mama mo
- 27. It is a product of economic development
A) hello
B) hehe
C) hi
D) Economic Growth
- 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
- 30. Explains that the government should not interfere in economic development theory.
A) Laissez-Faire Theory
B) toerya
C) government
- 31. maintains that the key factors is technology
A) thoery
B) Kaldor Theory
- 32. Explains that the government should Play the key role in economic Development.
A) Keynesian Theory
B) teory
- 33. This means border less economic system
A) Globalization
B) terorist
- 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) I. Employed II. Self-employed
B) III. Unemployed
- 36. Know your market or buyers, competitors, prices, the quality of goods and services.
A) Search for Business Opportunity
B) wrong
- 37. Finding information ideal for generating new Business ideas and opportunities (employing Research and Development
A) k
B) Seeking Information (Information-seeking)
- 38. No matter what you are doing, you can strive for Quality and Excellence (Efficiency).
- 39. A successful entrepreneur actively seeks opportunities. He looks at a situation and he thinks.
- 40. It is actively going after ideas which can be turned into opportunities.
- 41. They sell the product of manufacturers or producers to retailers and other distributors who have direct dealings with the end users or customers
- 42. Production business by creating a product.
- 43. A Licensed-business opportunities
- 44. What business category or sector are Consultancy, barber shop, salon, dentistry, medical, engineering services, Accounting Firms, etc belong?.
- 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
- 46. Product life cycle wherein a sale reaches its peak, while profit begins to fall.
- 47. Indirect costs-Salaries, insurance, Rent, water & Electricity Bills, etc
- 48. Introducing products to the market is what Product Life cycle
- 49. Which of these questions must first be considered Before adapting a positioning Strategy?
- 50. Market strategies consist of the following________:
A) Definition of market; Pricing Strategy;
B) All of the above
C) C. Positioning Strategy;
D) All of the above
E) Distribution Strategy; And promotion Strategy D. Determination of the Market Share; the market;
- 51. Situation: You're in the early stages of developing your business plan. What should be your first step?
- 52. Situation: Your business has received negative feedback online, and your reputation is at stake. How should you handle this situation?
- 53. Situation: Your startup has achieved initial success, but you're unsure about the next steps. What should you prioritize?
- 54. Situation: You've identified a new market opportunity, but it requires a significant investment. What should you do to secure funding?
- 55. Situation: Your startup is struggling to find customers for your product. What should you do to improve your marketing strategy?
- 56. It summarizes the content and purpose of your finished plan, covering all of the key points
- 57. This sub-section of the Business plan must be specific and realistic
- 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
- 60. refers to what the business organization plans to do to achieve that market objective of the firm.
- 61. A company's core strategy for profitably doing business
- 62. It is prepared after the business plan is written
- 63. Business Plan should be developing Effective Strategies for quality and Efficiency/Excellence.
A) False
B) True
- 64. Sell directly to consumers.
A) Retainers
B) Retailers
- 65. Agents/ are distributors who buy directly from distributions or wholesalers and sell to retailers or end-users
- 66. Channel members that sell to the retailers or other agents for further distribution through the channel until they reach the final users
- 67. most effective channel if the plant/firm is to move goods or services directly to the ultimate buyers or users
- 68. Offering such as, trade discount as pricing strategy.
- 69. A cost-oriented pricing in which the firm sets prices by adding per unit merchandise costs, operating expenses and desired profit
- 70. pricing –settings on the basis of prices charge by competitors
- 71. Sets low prices to attract a large customer base and increase market share .Price Penetration
- 72. It is customer-focused, meaning companies base their pricing on how much the customer believes a product is worth
- 73. Demand pricing is where the firms sets prices based on buyer desires
- 74. Covers all costs, variable and fixed costs, variable and fixed costs, plus and extra increment to deliver profit
- 75. The process and methodology used to determine prices for products and service
- 76. refers to the individual firm’s sales as a percentage of the total sales in a specific market.
- 77. "The concept of developing a plan (Business Planning) by scrutinizing and developing effective strategies is also known as_____?"
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