It manages the external and internal business environment of the new product, which goes beyond the product development process itself.

This work process allowed the entrepreneurs to become more efficient in converting the production input into production output by designing a good transformation process.

What entrepreneurial mind does conceptualize and design a product that consumers find some use for?

This part of product development should determine the exact conditions for the product based on the raw material.

An entrepreneurial mind produces a product that is pleasing to see, touch, smell, hear, and taste.

What entrepreneurial mind manages the external and internal business environment of the new product?

What part of product development where the entrepreneur needs to consult with the expert first?

Which of the following statements is NOT true about Business Mind?

This entrepreneurial mind allows you to convert new knowledge into something highly functional and operational.

Which of the following statements is TRUE about testing of product prototype

It is the state where the buyer is assured that the product meets the specifications stated in the product labels.

A normal conversation between two users is monitored. What type of approach is described?

It refers to the number of people working or available for work or services.

Which of the following qualification standard refers to the workers’ educational attainment required to perform the job better?

Which of the following is NOT belong in the marketing area?

Which of the following is NOT true about Product Prototype?

What functional areas of management includes Bookkeeping, Payroll preparation, Settlement of payables and collection of receivables, and Petty cash management?

What concept refers to the systematic procedure or process for accomplishing something?

This feature makes your product distinctive and easy to determine from the others in the market?

A state of being reliable, worthy of confidence and dependable.

It is a degree of excellence, superior in kind and high distinguishing attribute.

It is a type of industrial service that includes painting, machinery repair and janitorial services.

It refers to the unprocessed and basic material that is used to produce goods, and finished products.

Services cannot be stored for future sale. The skills of the provider must enhance and develop to better serve the customer. What characteristic of service is described?

The consumer rented the facility or products of the sellers in a certain period of time. What type of service is described?

This process of supply chain management involves generating, filling, delivering and providing on-the spot service for customer's orders.

Which of the following statements is NOT an aspect in choosing the right supplier?

Which type of labels gives objective information about the product's use/s construction, care, performance and other pertinent features?

Which type of service includes repair and maintenance services rendered by the sellers to the products of the customer?

Which of the following terms refers to the process of convincing or encouraging a prospective applicant to fill in a vacant position?

Which of the following is NOT a characteristic of strong business model?

What selection process involves screening of applicants by which applicants are interviewed?

Which of the following statements is NOT true about job description?

It describes how the business will generate revenue and support financial projection/s.

It is the process of identifying and making decisions about the applicant/s who will be allowed to join the company.

It describes how an organization fulfils its purpose.

It defines the duties and responsibilities of a particular position. It is an essential part of hiring and managing your employees.

It gives the definite qualifications required for the position such as type of experience needed for the job, special training, skills, etc.

The purpose of this selection process is to check if the applicant is qualified for the position and eliminate those applicants who are disqualified.