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Entrep (Review)

Total questions: 20

Worksheet time: 10mins

Name
Class
Date
1.

It is the push for innovation and improvement.

a)

Determination

b)

Creativity

c)

Dedication

d)

Flexibility

2.

It is the ability to move quickly in response to changing market needs.

a)

Dedication

b)

Flexibility

c)

Leadership

d)

Passion

3.

It is the ability to create rules and to set goals.

a)

Management

b)

Leadership

c)

Self-confidence

d)

Passion

4.

The French word, “entreprendre”, means ___________.

a)

to challenge

b)

to undertake

c)

to make profit

d)

to negotiate

5.

The following are the list on what entrepreneurship teaches us, EXCEPT:

a)

instills confidence

b)

creates risks

c)

creates opportunities

d)

ensures social justice

6.

To become an entrepreneur, you should be at least a senior high school graduate.

a)

True

b)

False

7.

It is a method to market your product or service in a way that is different than other competitor’s marketing strategies.

a)

Unique Selling Proposition

b)

Unique Selling Proportion

c)

Value Proposition

d)

Unique Proposition

8.

It is a written document prepared by the entrepreneur that describes all the relevant external and internal elements involved in starting a new venture

a)

Marketing Plan

b)

Operating Plan

c)

Business Plan

d)

Financial Plan

9.

This plan describes the complete manufacturing process.

a)

Description of Venture

b)

Production Plan

c)

Operations Plan

d)

Marketing Plan

10.

It is an analysis or statement of the combination of good and services offered by a company to its customer in exchange for payment.

a)

Value Proposition

b)

Selling Proposition

c)

Unique Value

d)

Mission and Vision Statement

11.

It is the process of framing financial policies in relation to procurement, investment and administration of funds of an enterprise.

a)

Marketing Plan

b)

Financial Plan

c)

Investment Plan

d)

Capital Plan

12.

It is also known as "potential customers"

a)

target vendors

b)

target market

c)

target suppliers

d)

target competitors

13.

This contains any backup material that is not necessary in the text of the document.

a)

References

b)

Table of Contents

c)

Appendix

d)

Executive Summary

14.

It is a combination of factors that can be controlled by a company to influence consumers to purchase its products

a)

Marketing

b)

Selling

c)

Marketing mix

d)

Advertising

15.

It is the degree to which a business or activity yields profit or financial gain.

a)

Viability

b)

Profitability

c)

Liquidity

d)

Solvency

16.

It is a tangible item that is put on the market for acquisition, attention, or consumption

a)

Needs

b)

Wants

c)

Products

d)

Services

17.

It is something that an individual desires, but would be able to live without.

a)

Needs

b)

Wants

c)

Vices

d)

Likes

18.

It is the visual element in the packaging of your product or service through the eyes of a critical prospect

a)

Labelling

b)

Packaging

c)

Box

d)

Paperbag

19.

This includes all the ways you tell your customers about your products or services and how you then market and sell to them.

a)

Place

b)

Product

c)

Promotion

d)

Price

20.

These are the wants or voice of customer in stated or implied terms.

a)

Customer requirements

b)

Customer demand

c)

Customer voice

d)

Customer concerns