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Lesson 8

Total questions: 20

Worksheet time: 20mins

Name
Class
Date
1.

What part of the product that carries information of its features and attributes?

a)

Brand Label

b)

Descriptive Label

c)

Grade Label

d)

Label

2.

Which of the following is BEST describe about the function of labels?

a)

The labels is not identify the product or brand in the market

b)

The labels are not describing the product features and uses

c)

The labels serve as an advertising medium without their colors and design

d)

The labels creates lasting impressions about product quality

3.

Caryl wants to know the expiry dates and the content values of a product. What type of labels Caryl should look for?

a)

Brand Label

b)

Descriptive Label

c)

Grade Label

d)

Label

4.

Apple is looking for a tutor for her son. The tutor is what type of services?

a)

Rented Good Services

b)

Own Good Service

c)

Non-Good Services

d)

Services

5.

The salon is one example of a service that which providers and services cannot be separated. What characteristics of services are shown in this situation?

a)

Inseparability

b)

Intangibility

c)

Perishability

d)

Variability

6.

The service in the restaurant is difficult to standardize because it varies on the performance of the provider. What characteristics of services does it belong?

a)

Inseparability

b)

Intangibility

c)

Perishability

d)

Variability

7.

Which of the following BEST describes the statements I and II?

I. Maintenance and Repair Services - includes painting, machinery repair, and janitorial services.

II. Business Advisory Services - management consulting, advertising agency services, accounting services, and legal services.

a)

Statement I is correct

b)

Statement II is incorrect

c)

Both statements are correct

d)

Both statements are incorrect

8.

What are the unprocessed and basic material that is used to produce goods, finished products, energy, or intermediate materials which are feedstock for future finished products?

a)

Machine

b)

Man Power

c)

Method

d)

Raw Materials

9.

Which of the following is NOT a set of criteria in choosing a supplier?

a)

A partnership approach

b)

Financial security

c)

Quality

d)

Spend time on research

10.

Which of the following state of being reliable, worthy of confidence, and dependable?

a)

Financial security

b)

Reliability

c)

Suppliers should deliver on time

d)

Value for Money

11.

Beneth wants to make a dress for her birthday on September 27. What do you think is the raw material she needed?

a)

Corn

b)

Plastic

c)

Silk

d)

Wood

12.

Generoso wants to get the right supplier fitted to his business. Which of the following does he know in getting the right supplier?

a)

Financial security

b)

Get advice from existing customers

c)

Suppliers should deliver on time

d)

Value for Money

13.

The supplier is assured that the company has the strong cash flow to deliver what their company wants and needs. Which criteria in choosing a supplier are shown in this situation?

a)

Financial security

b)

Get advice from existing customers

c)

Suppliers should deliver on time

d)

Value for Money

14.

Which of the following statement is TRUE?

I. In selecting suppliers consider who offer products or services that match or exceed the needs of the business.

II. In looking for suppliers, it is best to be sure of the business needs and what the company wants to achieve by buying, rather than simply paying for what suppliers want to sell.

a)

Statement I is correct

b)

Statement II is incorrect

c)

Both statements are correct

d)

Both statements are incorrect

15.

What are the various firms included in the execution of the activities needed to produce and transport a product or service?

a)

Physical/traditional Value Chain

b)

Supply Chain

c)

Value Chain

d)

Virtual Value Chain

16.

Which of the following is a set of activities that a firm operates in a specific industry to deliver a valuable product or service to the market?

a)

Physical/traditional Value Chain

b)

Supply Chain

c)

Value Chain

d)

Virtual Value Chain

17.

Jom Rhyco wants to improve his milk tea shop because there are customers who want new flavors. Which among the following does he need to improve his business?

a)

Physical/traditional Value Chain

b)

Supply Chain

c)

Value Chain

d)

Virtual Value Chain

18.

Which of the following situation can be considered is NOT example of value chain?

a)

Anna wants to make a new design of a t-shirt to become more beautiful

b)

Bascan wants to improve the ingredients in her recipe

c)

Christine wants to add some fruits to her salad

d)

Danica wants to play online games

19.

Which of the following is TRUE about the statement?

a)

Consumer is a person or company that makes goods for sale

b)

Manufacturer is a person or organization that provides something needed such as a product or service

c)

Supplier is a person who purchases goods and services for personal use

d)

Logistics the overall process of managing how resources are acquired, stored, and transported to their final destination

20.

Which of the following BEST describes the statements I and II?

I. Physical/traditional Value Chain is the advent of computer-based business-aided systems in the modern world has led to a completely new horizon of market space in modern business jargon - the cyber-market space.

II. Virtual Value Chain is a physical-world activity performed to enhance a product or a service.

a)

Statement I is correct

b)

Statement II is incorrect

c)

Both statements are correct

d)

Both statements are incorrect