Cooker #2

1. Which of the following is not a part of peoples’ basic needs?

• recreation

• shelter

• clothing

• food

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

• Survey of consumer associations

• Checking for similar business to avoid competition

• Getting feedback on the quality of service

• Conduct a SWOT analysis

3. Cesar studies the population in his immediate community. He is doing this to –

• identifies his would be “suki”

• predicts his biggest buyer

• selects his favorite customers

• determines whom to sell his product or service

   

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

• Type of merchandise

• The access of the target customers

• The attractiveness of the store layout

• The prevailing prices of goods in the area

5. A process of gathering, analyzing, and dispensing information for tactical or strategic purposes is what?

• SWOT Analysis       

• Environmental Scanning

• Needs

• Wants

6. What do you call to a marketing practice of creating name, symbol or designs that identifies and differentiates product or services from the rest?

• Innovation    

• Branding

• Generating Ideas for Business

• Concepts of Developing a Product

7. What is a believable collection of the most persuasive reasons people should notice you and take the action you are asking for?

• Generating Ideas for Business

• Unique Selling Proposition

• Finding Value

• Concepts of Developing a Product

8. Which from the following is not a possible way on how to generate possible ideas for business?

• Examine the available resources around you

• Examine existing goods and services

• Examine how the wants are being satisfied

• Examine the present and future needs

9. The introduction of something new in your product or service is about….

• Unique Selling Proposition     

• Key Concepts of Selecting a Business Idea    

• Concepts of Developing a Product 

• Innovation

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

• alteration

• invention

• innovation

• improvisation