TLE REVIEWER

​TLE QUIZ

By Achilles Alegre

Multiple Choice

A fast-food chain experiencing declining sales wants to revitalize its business. Which strategy best demonstrates creative adaptation to attract new customers?

• Reduce staff numbers to cut costs without changing the menu

• Increase prices and focus on premium branding without modifying the product

• Launch limited-time seasonal meals and combo deals to create excitement and trial

• Introduce healthier menu options to appeal to health-conscious customers

Multiple Choice

A determined entrepreneur should be fully aware of what is prevailing in the prospective marketplace, like demography, economic parameters, government related, and socio-cultural.

• Understanding your Business Environment

• Assessing Market Trends

• Learn from Product Export

• Supply and Demand Occurring

Multiple Choice

Identifying which products, goods or services are in demand in the community can give you a picture of which products are available for business opportunities.

• Understanding your Business Environment

• Analyze Import Products

• Assessing Market Trends

• Learn from Product Export

Multiple Choice

Entrepreneurial activity wherein you’re not just dealing or serving the local customers, you are also serving the demand in the international market or customers from the other countries.

• Learn from Product Export

• Understanding your Business Environment

• Assessing Market Trends

• Analyze Import Products

Multiple Choice

Adaptability to local market needs like handicrafts is one of the products Filipinos are good at.

• Supply and Demand Occurring

• Learn from Product Export

• Assessing Market Trends

• Understanding your Business Environment

Multiple Choice

The Philippines for example is still dependent on a lot of imported products, especially those involving new technologies. A would-be entrepreneur should be creative and innovative in using locally made products.

• Analyze Import Products

• Understanding your Business Environment

• Assessing Market Trends

• Learn from Product Export

Multiple Choice

A clothing line becomes trendy for 2 years but now faces declining demand. Which of these strategies best reflects renewal?

• Ignoring the decline and relying on old stocks

• Closing the business immediately

• Reducing prices without changing designs

• Partnering with eco-friendly designers to rebrand sustainably

Multiple Choice

In a barangay, there are several convenience stores, but none offer fresh produce. Which business idea would be the most strategic and feasible opportunity?

• Open a convenience store with extended operating hours and delivery service

• Launch a specialty electronics shop targeting students and young professionals

• Build a mini-mart offering fresh vegetables and fruits with home delivery

• Start a small café offering coffee and snacks near the main street

Multiple Choice

A group of students in Sharjah plans to start a dates-based dessert business. However, the market already has many shops selling similar products. What is the best evaluative decision to make their business stand out?

• Lower the price below all competitors

• Sell the same products but with minimal promotion

• Set aside the idea and explore a new business concept not related to desserts

• Create innovative desserts combining dates with modern flavors

Multiple Choice

You observe that residents must travel far to access affordable medicines. As a student entrepreneur, which of the following is the most feasible business approach?

• Establish a community-based generic pharmacy

• Import high-cost supplements

• Open a luxury wellness spa

• Launch a medical equipment company

Multiple Choice

A community has high unemployment. Which of these business ideas both fills a need and empowers locals?

• Establishing a sewing and repair service

• Importing branded clothes

• Launching an online-only perfume store

• Opening a fine-dining restaurant or a coffee shop

Multiple Choice

 In your analysis, which of the following situations best reflects the concept of a target or potential market in a real business context?

• A business owner develops a unique product idea without considering who will buy it.

• A store observes several competitors offering the same type of products.

• A group of young professionals consistently shows interest in purchasing a new tech gadget.

• A marketing team studies the different categories of human needs in theory.

Multiple Choice

A laundry shop is still in the introduction stage. Which analysis best describes its position?

• The business should limit marketing to reduce costs

• The focus should be on strong promotion and customer awareness

• It must already prepare for decline

• It should immediately expand branches

Multiple Choice

Which of the following evaluations is most accurate for a business in growth stage?

• Sales and customers are rapidly increasing

• Decline has started and renewal/phase-out is needed

• It no longer needs innovation

• The business should avoid expansion

Multiple Choice

You notice a nearby subdivision has many young children but no after-school care center. If you were to propose a business, which would have the strongest community impact?

• Online Tutoring

• ToysRus store

• Tutorial and daycare service

• Game arcade