Entrepreneurial Skills Quiz

During a product development activity, a group realizes that their original dish idea is too expensive for the target market. What should they do to creatively respond while staying within budget?

• Keep the recipe but reduce the portion size.

• Replace expensive ingredients with cheaper alternatives that maintain quality.

• Lower the price and accept lower profits.

• Offer the same dish but market it as a premium item.

To stand out during a school food fair, a group chooses to sell a basic sandwich. What's the most creative approach they can take to attract customers?

• Use colorful wrapping paper to improve presentation.

• Display a large banner with their group name.

• Offer a buy-one-get-one promo.

• Add locally inspired ingredients to give a unique twist.

While developing a product from recycled materials, one student insists on copying an online craft idea. What's the best creative direction the team can take?

• Replicate the idea but change the colors.

• Follow the online tutorial exactly for safe results.

• Use the online idea as inspiration to create something new based on community needs.

• Skip the recycled materials and use new supplies instead.

On the first day of selling, a student group struggles with slow sales. Which is the most entrepreneurial problem-solving response?

• Wait for more customers tomorrow and stay consistent.

• Ask friends to spread the word during class breaks.

• Observe other stalls and adjust product display and pricing accordingly.

• Offer large discounts to attract buyers quickly.

The group's baked goods came out undercooked due to oven issues just before the sales event. What is the best course of action?

• Sell the goods at a discount and explain the issue.

• Quickly cook them in a microwave as a backup.

• Apologize and reschedule sales for the next day after re-baking.

• Slice the cooked parts and discard the rest.

A group underestimated the number of customers and ran out of their top product. What's the best way to respond?

• Announce, 'Sold Out' and thank customers on social media.

• Apologize and offer a reservation for the next day.

• Make a different product using available materials.

• Ask customers to wait while they rush to make more.

Your group planned to make baked snacks, but the oven broke down one hour before the deadline. What's the best adaptive response?

• Ask the teacher to extend your submission deadline.

• Purchase ready-made snacks and rebrand them as your own.

• Switch to a non-bake version of the recipe using available ingredients.

• Cancel your participation and explain the technical issue.

Given a limited ₱400 budget, what is the best first step when planning their food business?

• Divide the budget equally among group members.

• List ingredients and find the cheapest sources in advance.

• Purchase materials immediately to begin production early.

• Buy premium ingredients to boost product quality.

A team realizes they've spent most of their capital on packaging, leaving little for production. What's the most responsible action?

• Borrow funds from classmates or the teacher.

• Cut packaging costs and repurpose recyclable materials.

• Delay production and raise more funds.

• Sell at a higher price to compensate for losses.

When reviewing their sales, a group discovers they overspent on ingredients. What should they prioritize next time?

• Choose cheaper ingredients regardless of taste.

• Create a detailed budget before buying anything.

• Reduce portion sizes to increase margins.

• Keep prices high to balance costs.