Entrepreneurship Review Part 1

Which of these is considered a tangible product?

• Services

• Goods

• Accounting service

• Transportation provision

Which characteristics of an entrepreneur deal with setting objectives to achieve them?

• Risk-taker

• Innovative

• Opportunity seeker

• Goal - oriented

What characteristic involves adjusting to new or different situations or scenarios?

• Goal-oriented

• Persuasive

• Truthful

• Flexible

Which of these phrases best describes the term "target market?"

• Group of people who have different needs

• Group of people with similar purchasing power

• Group of people who comprise the population from Luzon to Mindanao

• Group of people most likely to buy a company’s products

What is considered a marketable product?

• A product that will yield good profit for the owner

• A product that will be patronized by millennials

• A product that will satisfy a need

• A product that will present uniqueness and innovativeness

Which of these is considered an intangible product?

• Electric fan

• N95 mask

• Plumbing

• Eyeglasses

Which characteristics of an entrepreneur deal with honesty and integrity?

• Goal-oriented

• Truthful

• Flexible

• Persuasive

What characteristic involves pursuing every situation as a chance to do business?

• Persuasive

• Innovative

• Opportunity seeker

• Goal-oriented

Which of the following best explains the given statement?

Entrepreneurship will allow you to make a difference.

• Entrepreneurship serves as a platform where one can create, innovate, and enhance or improve people’s lives.

• Entrepreneurship provides a venue for idea generation wherein individuals think critically to develop products.

• Entrepreneurship helps in producing goods and services.

• Entrepreneurship facilitates the exchange of value.

What is considered to be a marketable product?

• A product that will address a problem and generate income

• A product that will prove to be innovative

• A product that will sell at a lower price

• A product that will satisfy a need