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Q1-Quiz No. 1 PECs, Environment & Market

Total questions: 22

Worksheet time: 13mins

Name
Class
Date
1.

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.

a)

Persistent

b)

Efficient

c)

Risk-taker

d)

Organized

2.

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.

a)

Knowledgeable

b)

Creative

c)

Persistent

d)

Hard worker

3.

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.

a)

Creative

b)

Efficient

c)

Risk-taker

d)

Knowledgeable

4.

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.”

a)

Efficient

b)

Persistent

c)

Risk-taker

d)

Creative

5.

5. A promodizer knows all the information about the product she sells, so she is able to answer all customer’s queries.

a)

Knowledgeable

b)

Organized

c)

Confident

d)

Independent

6.

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.

a)

Knowledgeable

b)

Creative

c)

Efficient

d)

Organized

7.

7. Juan keeps all the receipts and profiles of customers and suppliers of his business in a labeled folder.

a)

Persistent

b)

Efficient

c)

Creative

d)

Organized

8.

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.

a)

Risk-taker

b)

Creative

c)

Persistent

d)

Information Seeker

9.

9. A courier company delivers packages to clients on or before the scheduled time.

a)

Efficient

b)

Organized

c)

Persistent

d)

Knowledgeable

10.

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.

a)

Independent

b)

Creative

c)

Risk-taker

d)

Organized

11.

11. What pertains to an actual place where demand and supply operate, and where buyers and sellers interact directly?

a)

Building

b)

Stockroom

c)

Market

d)

Online Selling

12.

12. In SWOT Analysis, if some aspects of operations are not of high quality compared to others, it is a part of ____________

a)

Strengths

b)

Opportunities

c)

Weaknesses

d)

Threats

13.

13. If more capital is infused in a business, then it will be viewed as what part in SWOT Analysis?

a)

Strengths

b)

Weaknesses

c)

Opportunities

d)

Threats

14.

14. A strong brand name is regarded as _________ in business.

a)

Strengths

b)

Weaknesses

c)

Opportunities

d)

Threats

15.

15. If there is a high increase in the cost of production, this situation serves as what aspect of SWOT analysis to an entrepreneur?

a)

Strengths

b)

Weaknesses

c)

Opportunities

d)

Threats

16.

16. Poor reputation among customers shows what aspect in a business?

a)

Strengths

b)

Opportunities

c)

Weaknesses

d)

Threats

17.

17. Lack of technical expertise is an entrepreneur’s major ___________

a)

Strengths

b)

Weaknesses

c)

Opportunities

d)

Threats

18.

18. What is the initial step that should be done by a successful entrepreneur before starting a business?

a)

Invest money

b)

Find clients

c)

Set goals

d)

Find a business partner

19.

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?

a)

Market

b)

Marketing

c)

Online Selling

d)

Promotion

20.

20. Making the best possible deal with clients is part of the art of ____________________ that an entrepreneur must practice.

a)

Integrity

b)

Being systematic

c)

Negotiation

d)

Courage

21.

Rearrange the following steps in conducting market research. Write the nos. from 1-5 in each box to reorder the steps.

22.

Section

4 lines