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WorksheetsQ1-Quiz No. 1 PECs, Environment & Market
Total questions: 22
Worksheet time: 13mins
1. Mary started a sari-sari store business in front of her house despite the presence of big grocery stores within a block from her place. After several months, she managed to make her store bigger.
Persistent
Efficient
Risk-taker
Organized
2. A famous restaurant is not changing the way it cooks all the dishes in its menu. It still has the same cook and maintains the same ingredients used when it opened for business.
Knowledgeable
Creative
Persistent
Hard worker
3. A taho peddler added a twist to his product by including different flavors of toppings and giving customers a choice between hot or cold taho.
Creative
Efficient
Risk-taker
Knowledgeable
4. A new brand of coffee swept the market as it managed to beat competing brands with the infusion of popular organic ingredients and the adoption of the tagline “Best Herbal Coffee in Town.”
Efficient
Persistent
Risk-taker
Creative
5. A promodizer knows all the information about the product she sells, so she is able to answer all customer’s queries.
Knowledgeable
Organized
Confident
Independent
6. The old packaging of a well-known beverage line is changed into a more convenient foil pack that comes with a safety lock, precluding drips and contaminants.
Knowledgeable
Creative
Efficient
Organized
7. Juan keeps all the receipts and profiles of customers and suppliers of his business in a labeled folder.
Persistent
Efficient
Creative
Organized
8. Camille loves chocolates. She wants to be known in the market for her own dark chocolate-based beverage formulations that she is striving to perfect.
Risk-taker
Creative
Persistent
Information Seeker
9. A courier company delivers packages to clients on or before the scheduled time.
Efficient
Organized
Persistent
Knowledgeable
10. An avid book reader started her business in a small space near a school, selling second-hand pocketbooks. Now her business seeks expansion to other areas because of high demand.
Independent
Creative
Risk-taker
Organized
11. What pertains to an actual place where demand and supply operate, and where buyers and sellers interact directly?
Building
Stockroom
Market
Online Selling
12. In SWOT Analysis, if some aspects of operations are not of high quality compared to others, it is a part of ____________
Strengths
Opportunities
Weaknesses
Threats
13. If more capital is infused in a business, then it will be viewed as what part in SWOT Analysis?
Strengths
Weaknesses
Opportunities
Threats
14. A strong brand name is regarded as _________ in business.
Strengths
Weaknesses
Opportunities
Threats
15. If there is a high increase in the cost of production, this situation serves as what aspect of SWOT analysis to an entrepreneur?
Strengths
Weaknesses
Opportunities
Threats
16. Poor reputation among customers shows what aspect in a business?
Strengths
Opportunities
Weaknesses
Threats
17. Lack of technical expertise is an entrepreneur’s major ___________
Strengths
Weaknesses
Opportunities
Threats
18. What is the initial step that should be done by a successful entrepreneur before starting a business?
Invest money
Find clients
Set goals
Find a business partner
19. What do you call a whole process of making or attempting to make ideas, goods, or services move from the production or trading point to the consumer’s space with a mutually acceptable mode of exchange at an agreed upon value?
Market
Marketing
Online Selling
Promotion
20. Making the best possible deal with clients is part of the art of ____________________ that an entrepreneur must practice.
Integrity
Being systematic
Negotiation
Courage
Rearrange the following steps in conducting market research. Write the nos. from 1-5 in each box to reorder the steps.
Section
