
ENTRPRENEURSHIP(1st Q-Summative test)
Quiz by Nonita Banawis
Track each student's skills and progress in your Mastery dashboards
Which of the following DOES NOT describe entrepreneurship?
It describes as a Market Player.
Which of the following DOES NOT included in the causes of business failures?
The role of a business plan consist of the following, EXCEPT ______.
Which of the following are included in a business plan?
.Which of the following is NOTconsidered master of business plan?
Entrepreneurs must possess the following characteristics, EXCEPT________.
1. An individual who creates something for the first time is highly driven individual motivated by his or her own work and personal ideas.
It is otherwise known as target market.
1. It is a type of business entity owned and operated by a single person.
Which of the following is the first step in implementing the business?
It is a way to convince customers to buy immediately.
This part of a business plan gives the overview of the product / service.
This quality of entrepreneur describes the ability to push and push toward the finish line, even if the finish line seems comically out of reach.
A written document describing the nature of the business, the sales and marketing strategy and finance background.
It is the activities of designing and producing the container for a product?
They are the target consumers of the company.
It refers to the act of turning new and imaginative ideas into reality.
The one who manufactures certain product.
Which is not true about entrepreneurs?
1. Your price should be highenough to make a profit and low enough to encourage people to buy it. What thestatement means?
Sir Ariel created brochures and flyers in promoting his business. What part of business plan does brochures and flyers locate?
Mang Alfredo wanted to put up small business in San Vicente, Alcala, Pangasinan. Based on his survey, most of the population are dual-income families leaves them less time to cook their food. If you are him, what business are you going to put up?
The Jollibee fast-food uses media in promoting and communicating their product to the people. They paid thousands of money to communicate it. What way of promoting did the fast-food used?
1. The leader they focus on the big picture and strategic direction of their business rather than in generating sales and operating the business.
1. Entrepreneur, usually the product managers or the business development managers of a company.
1. The investor, will delegate a suitable manager for such operations and will act as directors.
1. Decisive, they make sure that all aspects of their business have unclear objectives and strategies.
1. Sociable, is the key for employees and janitor retention, which can be achieved by a sociable entrepreneur.
1. Risk takers, they have take consideration the potential various threats they may encounter, and if there is a big chance of succeeding, they push through with the venture and don’t let the opportunity pass.
1. Entrepreneurship controls the local wealth and balances regional development.
1. Entrepreneurship disperses the economic power and creates equality.
1) Which of the following is not considered a common characteristic of an entrepreneur?
1) For small business owners, one of the most important objectives is _______.
What does a SWOT analysis evaluate?
Which of the following are assets?
What could you do to try to improve your net profit?
In order to be a good entrepreneur you must be able to take ______.
. It consists of existing customers and prospects.
Entrepreneurship graduates can find work as:
I.research executive II. Franchise Operator III. Bank Teller IV. Chief Executive Office
. Which ofthe statements is NOT true about PRODUCT?
. It is the art and science of choosing target market and getting, keeping and growing customer through
creating, delivering, and communicating superior customer value.
. Based on the original 4P’s of marketing, in order to have a marketing success, you should have an effective
___________.
When discussing marketing, what does “product” refer to?
. Whichdoes not belong to the original 4P’s of marketing?
. Refers to the staff and how they dress and act.
. Sale stactics and Direct Marketing.
. Refers to the workers of the company/business
Discounts and Seasonal Pricing
.Publicity and Personal Selling