QUIZIZZ 101

1. What is the most important thing to consider in the selection of a product or

service?

• A. Government requirements

• B. Competitor’s needs

• C. Customer's needs

• D. Owner's needs

2. Before producing your product, what are the three things to be considered?

• A. Time, resources and capability

• B. Time, money and resources

• C. Time, manpower, money

• D.Time, talent and interest

3. People prefer to buy Mario’s cheesedesal over Rudy’s because of the latter’s

aroma. Mario is said to have established what?

• A. Unique Features Proposition

• B. Unique Product Proposition

• C. Unique Benefit Proposition

• D. Unique Selling Proposition

4. “The product is made up of 100% biodegradable materials”. What part of the

FAB Analysis is being described?

• A. Advantages

• B. Benefits

• C. Features

• D. Profitability

5. Which of the following refers to the factors that allow an entrepreneur to

produce goods and services better than the others?

• A. Profitability Advantage

• B. Competitive Advantage

• C. Costumer’s Advantage

• D. Supplier’s Advantage