ICT 9_Q1_PECS/EM_2024

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

• Access of the target customers

• The prevailing prices of goods in the area

• The attractiveness of the store layout

• Types of merchandise

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

• select his favorite costumers.

• identify his would be “suki”.

• determine whom to sell his product or service.

• predict his biggest buyer.

If an entrepreneur makes a meaningful and unforgettable statement that captures the essence of their business’ brand, what did he applies on their business?

• branding

• tagline

• product naming

• unique selling proposition

She tells to her best friend that she has a strong will and does not give up finding a solution to a business problem. What PECs has been demonstrated by her?

• risk- taking

• self-confidence

• persistence

• hard work

If a businessman follows the advice of a friend to be flexible especially if he intends to open a retail business. What PECs has been demonstrated by him?

• self- confidence

• reliable

• persistent

• responsive to feedback

Mrs. Rosales wants to ensure a profitable business operation. What characteristic will she maintain?

• opportunity seeker

• future-oriented

• goal-oriented  

• commitment   

What PECs an entrepreneur possess if there are customers who complain about the quality of the product?

• versatile

• hardworking    

• risk-taker

• patience

What is innovation?

• Mr. Lazaro alters the product design to make it more attractive and saleable to target customers.

• Mr. Cuanico uses a good sales talk of the product to make it more attractive and saleable to target customers.

• Mr. Lindo improves the product to make it more attractive and saleable to target customers.

• Mr. Suarez introduces of new product to target customers.

What is branding?

• An entrepreneur creates name of his business.

• An entrepreneur creates a symbol or design of his business.

• An entrepreneur creates an unforgettable statement of his business.

• An entrepreneur creates a name and symbol of his business.

If an entrepreneur put themselves in a position of being responsible for the failure or success of the business, what is his characteristics?

• He is a sound decision maker.

• He possesses people skills.

• He has the initiative.         

• He is an excellent planner.