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WorksheetsENTREP12 -1st Quiz
Total questions: 50
Worksheet time: 42mins
Profit potential is the compensation of the entrepreneur.
TRUE
FALSE
Profit potential is the compensation of the entrepreneur.
TRUE
FALSE
The greatest significance of entrepreneurship is to help identify and develop the managerial capabilities of entrepreneurs.
TRUE
FALSE
Entrepreneurship is a process of actions of an entrepreneur who is always in search of opportunities.
TRUE
FALSE
Entrepreneurial process starts with identification of entrepreneurial opportunities.
TRUE
FALSE
Interest and hobbies of the people are possible good source of entrepreneurial ideas.
TRUE
FALSE
Interest and hobbies of the people are possible good source of entrepreneurial ideas.
TRUE
FALSE
Entrepreneurial mind frame permits the entrepreneur to see things in a very positive and optimistic light.
TRUE
FALSE
Value refers to what the product does for customers that they’re prepared to pay.
TRUE
FALSE
The Entrepreneurs will not consider the health benefits of the consumers.
TRUE
FALSE
The market targeting is a stage in market identification process that aims to determine the set of buyers with common needs and characteristics.
TRUE
FALSE
Targeting a specific market does not mean that you are excluding people who do not fit your criteria.
TRUE
FALSE
The entrepreneurs who create new ideas are called?
Innovative
Drone
Imitating
Fabian
These are entrepreneurs who are to follow the path shown by innovative entrepreneur.
Innovative
Social Entrepreneurs
Fabian
Imitating
The entrepreneur who is skeptical about the changes in the company is called?
Social entrepreneur
Fabian
Imitating
Drone
They are entrepreneurs who drive social innovation and transformation in various fields.
Social entrepreneur
Imitating
Drone
Fabian
The entrepreneur who lives on the labor of others is called?
Drone
Imitating
Innovative
Fabian
Entrepreneur means:
Risk taker
To undertake
To research
To improve standard of living
It is a personality factor which means “doing things even before being told.”
initiative
persuasion
proactive
perseverance
It is a personality factor which means convincing customers to buy the product.
Self-confidence
Persuasion
Risk-taker
Proactive
All except one does NOT belong to the group?
Strikes
Product
Unfair trade practices
Political protest
Which of the statements below is true?
Entrepreneurs are contributor to the development of the society.
Entrepreneurs are the reasons for unemployment problem.
Entrepreneurs are prone to constant high income.
Entrepreneur has limited career opportunities.
It is the ability of entrepreneur that can sense without using the five senses, also known as intuition.
Entrepreneurial mind frame
Entrepreneurial heart flame
Entrepreneurial gut game
Entrepreneurial heart frame
1. It is the process of considering, evaluating, and pursuing market-based activities that are believed to be advantageous for the firm.
Opportunity seeking
Opportunity screening
Opportunity seizing
A. Sources of opportunity
This is essential to opportunity seeking which allows the entrepreneur to see things in a positive and optimistic light in the midst of crisis or difficult situations.
Entrepreneurial heart flame
Entrepreneurial mind frame
Entrepreneurial heart frame
Entrepreneurial gut game
What variable of societal environment includes income level and employment rate?
Political forces
Technological forces
Sociocultural forces
Economic forces
They are the one that pays cash in exchange to your goods and services.
Buyers
Sellers
Competitors
Suppliers
The intensity of rivalry among existing firms is characterized to the following factors except one:
Number of competing firms
Diversity of rivals
The product represents a high percentage of the buyer’s cost
Characteristics of the products or services.
Which of the following good sources of entrepreneurial ideas determine the interest, hobbies and preferences of people.
People’s interest
Past experiences
Changes in the environment
Technological discovery
Which among the following is the result of identifying entrepreneurial opportunities?
Creation of entrepreneurial ideas
Sources of opportunity
Opening of entrepreneurial venture
Entrepreneurial process
Source of entrepreneurial idea where expertise and skills developed by a person from its previous work can lead to the opening of a related business enterprise.
People’s interests
Technological discovery and advancement
Past experiences
Government’s thrust, programs, and policies
Societal environment includes the following, except
Economic forces
Sociocultural forces
Political forces
Natural resources
Supermarket
Unique Selling Proposition
Value Proposition
Bukas kahit anong oras
Unique Selling Proposition
Value Proposition
Love ko to
Unique Selling Proposition
Value Proposition
Surf
Unique Selling Proposition
Value Proposition
We have Climate Change.
Geographic
Psychological
Demographic
Behavioral Segmentation
This product is good for my health.
Geographic
Demographic
Psychological
Behavioral
Over 60 years of age.
Geographic
Demographic
Psychological
Behavioral
What is the function of Value Proposition?
use to power up sales
customers buying habits
convince customer to purchase a particular product or services.
provide value to your customers
What is the relationship between unique selling proposition and value proposition.
a framework of each business industry
meet your competitors needs wants.
persuades another to exchange money for a product service’s
connected with only one particular thing.
Give example in promotion using Value Proposition and Unique Selling proposition.
fruit shake stand
with the slogan “Langhap Sarap”
ordinary sari-sari store
multinational business
The term behavioral segmentation refers to:
divided based on consumers
divided in terms for customers think and believe.
divided according to geographical location.
divided according to customers behavior pattern as they interact with a company.
What is market size?
The most important part to the success of the company
another variation of segmentation marketing.
tangible things that can be seen.
Size of arena where the entrepreneur will play their business
This refers to how you sell your products or services to your customer.
Value proposition
Selling proposition
Marketing concept
Unique selling proposition
Considered favorable indicators for doing business in that particular location.
structure of the segment
size and growth of the segment
capability of the business
segmentation marketing
What is the first step in conducting a strategic marketing?
Estimate the market share
Estimate business funding
Estimate the potential market
Estimate the customers who probably dislike buying your product
Tangible things that can be seen refers to what?
Output requirement
Service requirement
Entrepreneurs output
customer requirements
There are four (4) methods for segmentation, ________________, _______________, _______________and ___________________.
(a)
There are two types of customer requirement the __________ and __________, the tangible and intangible things.
(a)
