Week 2 - Assessment (Technical Drafting 11)

When an entrepreneur improves and alters products to make it more appealing to target consumers, he/she is doing an _____ of the product.

• alteration

• invention

• innovation

• improvisation

The following are examples of peoples’ basic needs, except:

• Recreation

• Clothing

• Shelter

• Food

Which of the following should be considered first by a prospective entrepreneur in choosing the right location for his/her store?

• Types of merchandise

• The access of the target customers

• The attractiveness of the store layout

• The prevailing prices of goods in the area

Chris plans to put a “digi-print” studio in their locality. Which of the following will help him determine a successful plan for setting up of his business?

• Survey of consumer associations

• Checking for similar business to avoid competition

• Getting feedback on the quality of service

• Conducting a SWOT analysis

Caesar studies the population in his immediate community. He is doing this to _______.

• Identify his would-be “suki.”

• Predict who his biggest buyer.

• Select his favorite would be costumers.

• Determine whom to sell his product or service.

The following are some ways by which you may generate possible ideas for business except.

• Examine the existing goods and services.

• Examine how the needs are not being satisfied.

• Examine the present and future needs.

• Examine the available resources around you.

Rich do a screening of her ideas and she make sure that her preferred business is aligned on her baccalaureate degree. Which of the following factors she examine?

• How much capital is needed to put up the business?

• Do you have the background and experience needed to run this particular business?

• How much of the need is now being met?

• Is the business in line with your interest and expertise?

Which of the following is an example of Needs? (Choose 2 from the choices)

• Softdrinks

• Clothes

• Accesories

• Shelter

Examine the available ___________ around you

______________ is done by introducing an entirely new product to replace the old one.