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WorksheetsTECHNOPRENEURSHIP MIDTERM
Total questions: 30
Worksheet time: 18mins
Which of the following words refers to a company competitive edge over its existing competitors?
Strengths
Weaknesses
Threats
Opportunities
Which of the following words refers to an event or trend that can create a positive impact towards a business?
Strengths
Weaknesses
Threats
Opportunities
Which of the following words refers to a business areas for improvement , this is usually internal and controllable since it is within the business organization.
Strengths
Weaknesses
Threats
Opportunities
Which of the following words compel an entrepreneur dream and answers the question " What does the business want to achieve"
Goals
Objectives
Vision
Mission
Which of the following words reflect the entrepreneur's values, belief and vision. This is also known as Creed statement or statement of purpose
Goals
Objectives
Vision
Mission
Which of the following words refers to a long-term strategic plan of a business?
Goals
Objectives
Vision
Mission
Which of the following is not included in the power of external market forces?
Competitive Advantage
Social and Demographic
Economic
Technological
Identify which of the following External Market powers manifest in this statement.
The location of the new Branch of Jollibee at San Anton Guagua is strategic since it was situated in between a market and a hospital surrounded by its direct and indirect competitors.
Political and Regulatory
Social and Demographic
Economic
Technological
Identify which of the following External Market powers manifest in this statement.
The Bangko Sentral ng Pilipinas mandates all restaurants and convenient stores to include QR PH as cashless payment options on their transaction settlement. This is done using a Mobile Banking App.
Political and Regulatory
Social and Demographic
Economic
Technological
Identify which of the following External Market powers manifest in this statement.
The Supermarket Industry sales continue to experience a decline on sales due to inflation and high freight cause by Oil price Hike.
Political and Regulatory
Social and Demographic
Economic
Technological
Identify which of the following External Market powers manifest in this statement.
The Restaurant Industry continue to experience sales growth from March to April 2022 due to ease of restriction mandated by the Inter-Agency Task Force.
Political and Regulatory
Social and Demographic
Economic
Technological
Identify which of the following External Market powers manifest in this statement.
Businesses along Pandan Road Angeles continue to cease their operation cause by heavy traffic along the area and flooding during rainy season.
Political and Regulatory
Social and Demographic
Economic
Technological
Identify which of the following External Market powers manifest in this statement.
The continuous opening and ease of restriction among industry resulted to growth on the country GDP and creates employment among Filipinos. This resulted to increase in purchasing power and pent-up demand for some industry.
Political and Regulatory
Social and Demographic
Economic
Technological
What is the 3rd Step in Strategic Management Process?
Identify Key Success Factors
Scan environment for opportunities and threats.
Formulate strategies
Analyze Competition
What is the 5th Step in Strategic Management Process?
Identify Key Success Factors
Scan environment for opportunities and threats.
Formulate strategies
Analyze Competition
What is the 7th Step in Strategic Management Process?
Identify Key Success Factors
Establish accurate controls
Formulate strategies
Analyze Competition
What is the Final Step in Strategic Management Process?
Identify Key Success Factors
Establish accurate controls
Formulate strategies
Analyze Competition
Which of the following is not TRUE about clearly defined vision?
Provides direction
Reflects entrepreneur beliefs and values
Determines decision
Motivates people
Statement 1: Focus on strength and weaknesses that determine the relative success of market participants
Statement 2: Opportunities are trends and events that creates negative impact towards a business organization.
Statement 1 is True
Statement 2 is False
Statement 1 is False
Statement 2 is True
Both Statement are True
Both Statement are False
Statement 1: In Making an objective first things first is it should be Specific
Statement 2: Objectives to become feasible should be both realistic and attainable
Statement 1 is True
Statement 2 is False
Statement 1 is False
Statement 2 is True
Both Statement are True
Both Statement are False
Which of the following words refers to assets needed by a company to provide goods or service as measured in terms of money value.
Human Capital
Structural Capital
Financial Capital
Intellectual Capital
Which of the following words refers to personal attributes considered useful in the production process.
Human Capital
Structural Capital
Financial Capital
Intellectual Capital
Which of the following words refers to the value if a company’s employee knowledge, skills, business training or any proprietary information that may provide the company with a competitive advantage.
Customer Capital
Structural Capital
Financial Capital
Intellectual Capital
Which of the following words refers to the supportive infrastructure, processes and databases of the organization that enable human capital to function.
Customer Capital
Structural Capital
Financial Capital
Intellectual Capital
Statement 1: Burger King direct Competitors includes Shakeys, Pizza Hut and Greenwich
Statement 2: Game plan is a day to day strategic plans that enables business to met their targets
Statement 1 is True
Statement 2 is False
Statement 1 is False
Statement 2 is True
Both Statement are True
Both Statement are False
Statement 1: Objective in general should be define as SMART.
Statement 2: Computers, Printers and photocopiers are examples of Human Capital
Statement 1 is True
Statement 2 is False
Statement 1 is False
Statement 2 is True
Both Statement are True
Both Statement are False
Statement 1: Strategic tasks is crucial to building a successful business
Statement 2: developing a strategic objectives is crucial to creating a sustainable competitive advantage.
Statement 1 is True
Statement 2 is False
Statement 1 is False
Statement 2 is True
Both Statement are True
Both Statement are False
Which of the following aspect in Building competitive advantage refers to the service scape or added service on top of product being offered.
Products they sell
Service They provide
Pricing they offer
way they sell
Which of the following aspect in building competitive advantage refers to the promotional activities and distribution channels.
Products they sell
Service they provide
Pricing they offer
way they sell
Statement 1: One of the advantages of Analyzing competitors is the improvement on reaction time to competitors action
Statement 2: Part of analyzing competitors is to regularly debrief sales representative and purchasing agents.
Statement 1 is True
Statement 2 is False
Statement 1 is False
Statement 2 is True
Both Statement are True
Both Statement are False
