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ENTREP Long Quiz M4-6

Quiz by Florie Asunan

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30 questions
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  • Q1
    What is the formula for market size?
    Estimated customer X Total revenue
    Estimated customer X Price of product/service
    Price of product/service + Total revenue
    Price of product/service – Estimated customer
    30s
  • Q2
    It is the highest price that a willing customer will pay for a good/service and the lowest price that the willing seller will sell.
    Market Volume
    Market Share
    Market Value
    Market Size
    30s
  • Q3
    It is a market size by sales volume measures the amount of good sold by quantity.
    Number of customer
    Volume of sales
    Value of sales
    Volume of goods
    30s
  • Q4
    Companies are interested to know this before launching a new product or service in an area.
    Market Volume
    Market Value
    Market Share
    Market Size
    30s
  • Q5
    It is the number of individuals in a certain market segment who are potential buyer.
    Market Size
    Market Volume
    Market Share
    Market Value
    30s
  • Q6
    It is calculated by taking away the company’s sales over the period and dividing it by the total sales of the industry.
    Market Size
    Market Value
    Market Volume
    Market Share
    30s
  • Q7
    It is a place or process which allows buyers and sellers to meet and exchange goods, service and information.
    Market
    Market Value
    Market Size
    Market Volume
    30s
  • Q8
    These are the named and unnamed needs of your customer.
    Customer Volume
    Customer Size
    Customer needs
    Customer Value
    30s
  • Q9
    Knowing your customer needs you must;
    Conducted focus groups
    Listened to your customers or social media
    all are correct
    doing keyword research
    30s
  • Q10
    Thinking of your business, investor needs to identify it first before starting the business
    Customer Size
    Customer needs
    Customer Volume
    Customer Value
    30s
  • Q11
    Which of the following products is tangible?
    Hair rebonding
    Download apps
    Dictionary
    3k MP3 music
    30s
  • Q12
    Which of the following products is not belong in merchandise?
    Lipstick
    Abaca shoot
    Cellphone
    Ball pen
    30s
  • Q13
    It is defined as a things produced by labor or effort or the result of an act or a process.
    Service
    Product
    Design
    Technical mind
    30s
  • Q14
    Which of the following products is not belong in manufacturing?
    Honey
    live Bangus
    Tobacco
    Coconut Tree
    30s
  • Q15
    It is non-material action resulting in a measurable change of state cause by the provider.
    commodities
    designs
    Goods
    Service
    30s

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