These are things that are essential for us to be able to live with dignity and pride within the community.

These are considered as luxuries and extravagance that signify wealth and expensive way of living.

The following are considered as needs EXCEPT:

Introducing an entirely new product to the market is called.

It is an undertaking by a person or a group of persons who are partners, or of stockholders who own a juridical entity known as a corporation. Its main objective is to earn profit for the owners.

It is defined as a good or favorable change available to run a specific business in a given environment at a given point of time.

Good business opportunities and ideas can be generated from the following sources EXCEPT:

It is defined as the process of continually and actively monitoring the external environment, in order to identify customer needs, anticipate competitive actions, and identify technological changes which will provide new market opportunities or market disruptions.

Environment in the community can be viewed according to all factors EXCEPT:

The __________ factors in SWOT analysis are considered negative factors because can be harmful for your business and prevent your business success.

Lenny started a piggery business in her backyard. However, her neighbors started to complain about her business and they petitioned to the barangay to have her business closed. Which factor in the SWOT analysis is this?

Bobbie, owner of the Thai Massage and Spa shop, discovered a new shop opened within their community which offers traditional hilot massage. Which among Porter’s five forces is this related to?

Luna plans to put a digi-print studio in their locality. Which of the following will help her determine her plans for a success in setting up of her business?

For a business, __________ is the ability to provide products and services as or more effectively and efficiently than the relevant competitors.

Arvin’s supplier increased the price for matcha, which is the main ingredient for his milk tea shop. However, since there are no other suppliers for matcha, Arvin has to agree with the supplier’s increase in price. This is known as __________.

When investors see that a market is profitable, they will desire to join the bandwagon and get a share of the profits. Hence, this force is known as __________.

______exist because people working together can achieve more than a person working alone.

This section should not only describe who's on the management team but how each person's skill set will contribute to the organizational goals and objectives.

The Enterprise Business Plan section includes business name registration.

It is a form of business operation that declares the business as a separate, legal entity guided by a group of officers known as the board of directors.

Management study section should not only describe who's on the management team but how each set will contribute to the organizational goals and objectives.

Management study is the Enterprise Business Plan section that includes.

A company overview is also known as company information or a company.

The product, place, promotion, and price strategies are in this section of the Enterprise Business Plan.

It refers to the quantitative and qualitative assessment of a market.

A ______ is the specific group of people you want to reach with your marketing message. They are the people who are most likely to buy your products or services.

The purpose of a ___ is to supply customers with important information about the features and benefits of the product so they’re compelled to buy.

It refers to method companies use to price their products or services, such as penetration pricing, price skimming, discount pricing, product life cycle pricing and even competitive pricing.

When the marketplace has a need, people want a product or service that provides rational benefits.

The marketing plan shows such as graphic illustrations, pictures or testimonials for the product and service descriptions and promotional packages are prepared and/or discussed.

Any paid form of non-personal promotion by an identified sponsor that is delivered through traditional media channels.

A face-to-face presentation to a prospective buyer.

Can include lobbying, publicity, special events, internal publications, and media such as a company’s internal television channel.

The use of ________ platforms such as Facebook, Twitter, Pinterest, Instagram, and various blogs to generate “buzz” about a product or company.

What type of analysis is the examination of the industry where entrepreneur’s business will participate in, usually in the next three to five years?

The amount of money a person or organization has.

It is the process of buying a bond, stock, treasury bills, or real estate in exchange of financial return or profit over time.

In crafting a financial plan the format are EXCEPT:

How many year is the Projected Balance Sheet?

After plotting all the necessary components of business plan one-by-one, what is the first format of the business plan?

Having accurate and thorough information allows business owners to determine the feasibility of a business before committing substantial resources to the venture.

It would be extremely cheap and timely to gather data from the entire population of your target market.

Market research provides irrelevant data to increase marketing challenges that a business will most likely face.

You have to generate your conclusions and recommendations based on the data you have generated, processed and analyzed.

In a complete data processing operation, you should pay attention to what is happening in six distinct business data processing steps.

Basic wants are things that are essential for us and our wellbeing.

You can invent a new and improved product or service to replace the existing ones.

Conclusions and recommendations are critical in determining success or failure of your business venture.

Improving or enhancing an existing product or service is known as innovation.

The basic rule for financial plan or financial projection of a business is that it should be neither overly optimistic nor overly cautious.