ENTREPRENEURSHIP-GROUP QUIZBEE

Which of the following starting points to entrepreneurial success is TRUE?

• Be in control

• Be flexible and adapt to change

• Entrepreneur seeks to others opinion or make researchers.

• None of the above

What entrepreneurial competency is characterized when entrepreneurs are often driven to work hard?

• Self-efficacy

• Locus of Control

• Willing to take risk

• Strong Initiative

Which part of business plan contains the location of the business?

• Chapter I

• Chapter Il

• Chapter lll

• Chapter IV

Which of the following situation is NOT a factor to be considered of a new entrepreneurship?

• Jared posts in social media of his unique product.

• Mica searches the strengths and weaknesses of her competitors.

• Pia plans to create an innovative product that implausible to the customers.

• Nancy analyzes her market potentials to more chances of growth and success of her business.

Product demand: the greatest opportunity of the entrepreneur, Proactive:__________

• He/she do things even before being told.

• He/she can classify opportunities and seize it.

• He/she will pursue things to get done regardless of challenges.

• He/she must have a high initiative are often driven to work hard.

Paulo does not have a one-track mind. He always explores the latest trends in the market. What demands of entrepreneurial success did Paulo show?

• The entrepreneur is Alert to Opportunities

• The entrepreneur is Flexible and Adapts to Change

• The entrepreneur seeks other’s Opinion

• The entrepreneur has the health and Endurance to work long hours.

Which of the following BEST describes how to deal with customer?

• Focus on the consumer demands and satisfy their needs and wants.

• Ignore all complains of the customers about the products and services offered.

• Provide products and services that will be appreciated by customers of the business.

• Persuade the customers to buy the product without mentioning that it has a side effects.

Which of the following pertains to resolving issues as they arise in an unavoidable situation?

• Be in control

• Conceptual thinking

• Decisiveness

• Problem solver

What is the product price determinal?

• Clientele

• Production Cost

• Supply and Demand

• Product design and Appeal

A unique product or service needs effective distribution strategy to get customer into the basket of demand potential. Which of the following is being referred to?

• Know the competitors

• Analyze the market potential

• Know your product or service

• Determine the marketing strategy