2. The word entrepreneur comes from the French word meaning ________

3. A carefully thought structured formal commercial report that is extraordinary well documented and clearly written to safeguard any wastage of further investment project is called ________.

4. An entrepreneur might select a target market probably because the target market ________.

5. _______ is an adventure that requires courage for the trials and tribulations that may be faced.

6. Which of these stages is the final stage in the marketing planning process flow chart?

7. Which question is asked at the first stage in the marketing planning process of an enterprise?

8. The acronym SWOT stands for:

9. An analysis that provides the details for opportunities and threats of a business to make better decisions regarding marketing plan is termed ________.

10. Which is considered to be the best way to assess entrepreneurial projects or business ventures?

11. In the entrepreneurial world, new ideas and opportunities are evolving. What is the ability to create new things, invest in new enterprises and expand business?

12. Jennifer has transferred to a new locality. He observed that there is an opportunity for him to put up his own business since he has enough capital and very much interested to the idea. Which of these factors must he possess so that he will not rely on the services of the employees?

13. Management functions and principles play a very critical role in running a business. What principle of planning specifies that the objectives of an entrepreneur should the needs of the society?

14. Entrepreneurs use various management tools to succeed in a business. What management tool is used to analyze business opportunities?

15. When an entrepreneur communicates with people through interviews, observations and advertisement on what is new, what entrepreneurial activity does he/she engage?

16. There are P's in preparing market research. Which P in marketing is designed to communicate the product to customers?

17. The site of the business enterprise is one of the requirements of entrepreneurship. Which of the following is the most important in choosing the best location for the business?

18. Which term refers to people, institutions or organizations for whom the business is designed?

19. Which one is not included in planning a business?

20. What is the benefit of business planning wherein the entrepreneur determines whether the business is profitable or not?

21. What is thinking ahead of objectives, strategies, financing, production, marketing, profit proposal and growth facilities?

22. Business enterprises should operate in a dynamic environment in order to survive. What kind of environment includes technological, social and ethical/political factors?

23. Mr. Calipay purchased a right to operate an already established business, what type of retail ownership is it?

24. Who among the following is the principal actor of the production?

25. These are the perishable tangible used in the production process.

26. Which method of establishing a business starts from scratch?

27. What brief description of the market describes the buyers and users of the product and the area of dispersion?

28. It is a type of organization wherein a superior delegates authority to a subordinate.

29. Which is one disadvantage of a functional type of organization?

30. What type of product, as designed, produced and marketed by the seller?

31. Which of the following is the correct definition of the term "entrepreneur"? A person who ________.

32. Which of the following skills are NOT needed by an entrepreneur?

33. Which of the following statement is INAPPROPRIATE in starting a business?

34. Which of the following is NOT a source of fund for Mr. Fajardo's future business?

35. If her business idea is a boutique, what quality of a future entrepreneur is INAPPROPRIATE?

36. Which of the following is NOT a characteristic of an entrepreneur?

37. Which among these characteristics of an entrepreneur is UNDESIRABLE?

38. Which of the following is a primary cause of failure in small business?

39. Which of these traits gets an entrepreneur off of his feet and puts him into action, turning daydream into reality?

40. Which entrepreneurial trait gives an entrepreneur a positive outlook in life which gives the energy to pursue his endeavors?

41.Which trait is an entrepreneur able to withstand the troubles that come with a starting business?

42. What is the general function of marketing, involves the physical meeting point for buyers and sellers at the point of production or via some other means of communication?

43. Which type of marketing functions, enables the actual flow of commodities through space and time from producer to consumer and their transformation to a form desirable function to the consumers?

44. From a social viewpoint, which of the following statements about marketing objective is NOT true?

45. Which is considered a vehicle for informing target market about the enterprise and the products or services?

46. At what stage of marketing effort does an entrepreneur concentrate on targeting a new market of buyers and taking market share from competitors by price cutting or relaunching the product?

47. Which of the following is NOT appropriate in running a small-scale business?

48. Which marketing channel operates with capital owned directly by the operators and their partners, or in some cases by shareholders?

49. At which stage of a product life cycle must an entrepreneur decide whether he wants to try to rejuvenate the product by investing in development and aggressive marketing or to quietly admit defeat and exit the market?

50. A marketing mix that can have both tangible and intangible aspects and is the thing you offer to satisfy your customers' wants and needs is ________.