ENTREPRENEURSHIP 2ND QUARTER REVIEW

Which of the following refers to the human workforce involved in the manufacture of products?

• materials

• method

• machine

• manpower

Which of the following refers to the marketing copy that explains what a product is and why it is worth purchasing?

• prototype

• product description

• business model

• suppliers

It represents the final products from the production process and distributed to the customers.

• input

• output

• supplies

• materials

It is a replica of a product.

• prototype

• product description

• business model

• suppliers

Which of the following refers to the system of organizations, people, activities, information, and resources involved in moving a product or service from supplier to customer?

• supply chain

• value chain

• business model

• prototype

Which of the following is the process or activities by which a company adds value to an article, including production, marketing, and the provision of after-sales service?

• supply chain

• value chain

• business model

• prototype

It is an entity that supplies goods and services to another organization.

• prototype

• product description

• business model

• suppliers

Statement I - Skills and expertise are not important in considering manpower.

Statement II - Benefits are the reasons why customers will decide to buy the products.

• Only Statement I is true.

• Only Statement II is true.

• Both statements are true.

• Both statements are false.

Statement I - Educational qualifications and experience are one of the criteria in considering manpower.

Statement II - Product to produce is one of the factors to be considered in method or production method.

• Only statement I is true.

• Only statement II is true.

• Both statements are true.

• Both statements are false.

Statement I - In selecting the type of equipment to purchase, the entrepreneur may consider cost and capacity of the equipment.

Statement II - The purpose of a product description is to supply customers through details around the features and benefits of the product.

• Only statement I is true.

• Only statement II is true.

• Both statements are true.

• Both statements are false.