ENTREP_Q2_1ST SUMMATIVE _M1-3
Quiz by Michelle Miles D. Torregosa
Grade 11/12
Entrepreneurship
Philippines Curriculum: SHS Applied Subjects (MELC)
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40 questions
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- Q1It is the conversion of raw materials into finished goods that are acceptable to the customer’s standards.Users enter free textType an Answer60sTLE_ICTAN11/12EM-Ia-2
- Q2What is new product development?involves several stages which typically center around the 6 key areas; idea, research, develop, testing, analysis, and introduction.It is a complete process of bringing a new product or service to the market. It may be a consumable or business product.It may be done to develop an item to compete with a product or may be done to improve an already established product.All of the above60sTLE_ICTAN11/12EM-Ia-2
- Q3The main reason for prototyping is to validate the idea and this is the step in converting an idea to a real product.truefalseTrue or False30s
- Q4The FUNCTIONAL PROTOYPES focuses on the looks and not so much on the function.falsetrueTrue or False30s
- Q5It is the marketing message that details what a product is and why it is worth purchasing.Tag linePrototypeBusiness ModelProduct Description45s
- Q6It refers to the mode by which the product concept seeks to make money so that it can have a sustainable operation.Business ModelProduct DescriptionPrototypeTag line45s
- Q7Product development follows several stages such as generating ideas, research, product development, testing, analysis, and product introduction.truefalseTrue or False30s
- Q8It refers to the process to be followed in effectively manufacturing or delivering a product or service.Users enter free textType an Answer60s
- Q9These are basic tools to produce goods or to generate services.Users enter free textType an Answer60sTLE_ICTAN11/12EM-Ia-2
- Q10These are items to be used in creating a product or performing a service.Users enter free textType an Answer60sTLE_ICTAN11/12EM-Ia-2
- Q11It refers to human resources.Users enter free textType an Answer60sTLE_ICTAN11/12EM-Ia-2
- Q12It refers to storing the finished goods manufactured in a facility until they are distributed to end users.marketingWarehousingOutsourcingLogistics45sTLE_ICTAN11/12EM-Ia-2
- Q13It is process of efficiently transferring the products to retailers or consumers.Users re-arrange answers into correct orderJumble60sTLE_ICTAN11/12EM-Ia-2
- Q14It refers to the overall process of managing how resources are acquired, stored, and transported to their final destinationUsers re-arrange answers into correct orderJumble60sTLE_ICTAN11/12EM-Ia-2
- Q15It is process of appointing third party manufacturers to do the production process which saves the entrepreneur in buying expensive machineries.OutsourcingLogisiticWarehousingPurchasing45sTLE_ICTAN11/12EM-Ia-2