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Entrepreneur

Total questions: 77

Worksheet time: 39mins

Name
Class
Date
1.

The entrepreneur who creates new ideas are called?

a)

Imitating

b)

Innovative

c)

Fabian

d)

Drone

2.

Entrepreneur means:

a)

to research

b)

to undertake

c)

Risk taker

d)

To improve standard of living

3.

These are the entrepreneur who are to follow the path shown by innovative entrepreneurs

a)

Innovative

b)

Imitating

c)

Social Entrepreneur

d)

Fabian

4.

Which of the following does not belong to the group?

a)

Skill management

b)

risk-taking

c)

conduct research

d)

Make no change with his product

5.

It is a personality factor that means doing things even before being told.

a)

Proactive

b)

Perseverance

c)

Initiative

d)

Persuasion

6.

All except one does not belong to the group. Which one is it?

a)

Unfair trade practices

b)

Strikes

c)

Political Protest

d)

Product

7.

They are entrepreneur who drive social innovation and transformation in various needs

a)

Drone

b)

Fabian

c)

Imitating

d)

Social entrepreneur

8.

Which statement below is true?

a)

Entrepreneurs have limited career opportunities

b)

Entrepreneurs are prone to constant high income

c)

Entrepreneurs are contributors to the development of society

d)

Entrepreneurs are the reason for the unemployment problem

9.

Which of the statement is NOT true

a)

An entrepreneur will patiently wait for his/her effort to bear fruit

b)

The profit of the entrepreneur is immediate

c)

All entrepreneurs are successful

d)

Entrepreneurs are researchers

10.

Which of the following is NOT true

a)

Entrepreneurs create organizations

b)

Entrepreneurs improve the life of the entrepreneurs alone

c)

Entrepreneurs improve the economy

d)

None of the choices

11.

Identify whether the following belongs to the given choices

-Government Leadership

a)

Political

b)

Econimical

c)

Social

d)

Legal

12.

Identify whether the following belongs to the given choices

-distribution of goods and services

a)

Political

b)

Economic

c)

Legal

d)

Environmental

13.

Identify whether the following belongs to the given choices

-methods and processes

a)

Legal

b)

Technological

c)

Political

d)

Social

14.

Identify whether the following belongs to the given choices

-Weather and climate change

a)

Environmental

b)

Political

c)

Technological

d)

Economic

15.

Identify whether the following belongs to the given choices

-Age distribution

a)

Political

b)

Legal

c)

Economical

d)

Social

16.

Identify whether the following belongs to the given choices

-Corruption level

a)

Political

b)

Economic

c)

Legal

d)

social

17.

Identify whether the following belongs to the given choices

-Career attitudes and emphasis on safety

a)

Political

b)

Social

c)

Technological

d)

Legal

18.

Identify whether the following belongs to the given choices

-Law affects how costumer behave

a)

Economic

b)

Legal

c)

Environmental

d)

Political

19.

Identify whether the following belongs to the given choices

-Techniques and skills

a)

Technological

b)

Political

c)

Social

d)

Legal

20.

Identify whether the following belongs to the given choices

-Government stability

a)

Political

b)

Economic

c)

Social

d)

Legal

21.

Internal factors that are favorable for achieving your organization's objective

a)

strengths

b)

weaknesses

c)

opportunities

d)

threats

22.

Internal factors that are unfavorable for achieving your organization's objective

a)

Strengths

b)

Weaknesses

c)

Opportunities

d)

Threats

23.

Refers to the pressure consumers can exert on businesses to get them to provide higher quality products, better customer service, and lower prices

a)

Buyer power

b)

Suppliers Power

c)

Threats of new entrants

d)

Threats of substitution

24.

The process of gathering information about events and their relationships within an organization's internal and external environments.

a)

Suppliers power

b)

Environmental scanning

c)

Environmental skimming

d)

Competitive rivalry

25.

Refers to the pressure suppliers can exert on businesses by raising prices, lowering quality, or reducing the availability

a)

Buyers power

b)

Suppliers power

c)

Threats of new entrants

d)

Threats of Substitution

26.

External factors that are unfavorable to achieving your organization's objective

a)

strengths

b)

weaknesses

c)

opportunities

d)

threats

27.

The availability of a product that the consumer can purchase instead of the industry's product

a)

Threats of substitution

b)

Threats of new entrants

c)

Buyers Power

d)

Suppliers power

28.

The threat new competitors pose to existing competitors in an industry.

a)

Threats of substitution

b)

Threats of new entrants

c)

Suppliers power

d)

Buyers power

29.

External factors that are favorable for achieving your organization's objective

a)

strengths

b)

opportunities

c)

weaknesses

d)

threats

30.

An industry put pressure on one another & limits the other's profit potential

a)

Threats of new entrants

b)

Threats of substitution

c)

Competitive Rivalry

d)

Buyers power

31.

Identify if it's Strength, Weaknesses, Opportunities, Threats


-Good relationship with costumers

a)

Strength

b)

Weaknesses

c)

Opportunities

d)

Threats

32.

Identify if its Strength, Weaknesses, Opportunities, Threats

-Expertise and technical skills of the management team.

a)

Strength

b)

Weaknesses

c)

Opportunities

d)

Threats

33.

Identify if its Strength, Weaknesses, Opportunities, Threats


-Strong relationship of competitors with retailers

a)

Strength

b)

Weaknesses

c)

Opportunities

d)

Threats

34.

Identify if its Strength, Weaknesses, Opportunities, Threats

-Downturn in the economy may mean people are spending less

a)

Strength

b)

Weaknesses

c)

Opportunities

d)

Threats

35.

Identify if its Strength, Weaknesses, Opportunities, Threats

-Poor quality and high price

a)

Strength

b)

Weaknesses

c)

Opportunities

d)

Threats

36.

Identify if its Strength, Weaknesses, Opportunities, Threats

-Desire of customers for one-stop shopping

a)

Strength

b)

Weaknesses

c)

Opportunities

d)

Threats

37.

Identify if its Strength, Weaknesses, Opportunities, Threats

-Poor record keeping

a)

Strength

b)

Weaknesses

c)

Opportunities

d)

Threats

38.

Identify if its Strength, Weaknesses, Opportunities, Threats

-The emergence of left-wing labor

a)

Strength

b)

Weaknesses

c)

Opportunities

d)

Threats

39.

Identify if its Strength, Weaknesses, Opportunities, Threats

-Excellent sales staff with strong knowledge of existing products

a)

Strengths

b)

Weaknesses

c)

Opportunities

d)

Threats

40.

Identify if its Strength, Weaknesses, Opportunities, Threats

-Product demand.

a)

Strengths

b)

Weaknesses

c)

Opportunities

d)

Threats

41.

The impression in the customer's mind of a brand's total personality

a)

Brand name

b)

Market Characteristics

c)

Market Potential

d)

Market share

42.

Describes attributes of the buyers in making decision related in purchasing a certain product

a)

Brand Name

b)

Market Characteristics

c)

Market Potential

d)

Market Share

43.

The maximum total sales revenue of suppliers of a product in a market during a certain period

a)

Brand Name

b)

Market Characteristics

c)

Market Potential

d)

Market Share

44.

Is a percentage of total sales volume in a market captured by a brand, product or company

a)

Brand name

b)

Market Share

c)

Market Potential

d)

Market Characteristics

45.

A thought or collection of thoughts that generate in the mind.

a)

Idea

b)

Invention

c)

Innovation

46.

Is the process of positively improving an existing product.

a)

Idea

b)

Innovation

c)

Invention

47.

Something newly designed or created, or the activity of designing or creating new things

a)

Idea

b)

Invention

c)

Innovation

48.

Is a quantitative and qualitative assessment of a market ability to respond positively.

a)

Market Analysing

b)

Qualitative Analysis

c)

Market Analysis

d)

Qualitative Analysing

49.

Is the process of dividing a market of potential customers into groups, or segments, based on different characteristics.

a)

Market Segmentation

b)

Market Segregation

c)

Market Analysis

d)

Market Analysing

50.

Is market segmentation according to age, race, religion, gender, family size, ethnicity, income, and education. Demographics can be segmented into several markets to help an organization target its consumers more accurately

a)

Demographic Segmentation

b)

Geographic Segmentation

c)

Psychographic Segmentation

d)

Behavioural Segmentation

51.

Is when a business divides its market based on geography such as cities, regions, countries, and international regions.

a)

Geographic Segmentation

b)

Demographic Segmentation

c)

Psychographic Segmentation

d)

Behavioural Segmentation

52.

involves dividing your market into segments based upon different personality traits, values, attitudes, interests, and lifestyles of consumers

a)

Behavioural Segmentation

b)

Geographic Segmentation

c)

Psychographic Segmentation

d)

Demographic Segmentation

53.

Is a marketing strategy based on actual consumer buying behaviour. It divides the market into groups of customers according to their knowledge of, attitude towards, use of or response to a product

a)

Psychographic Segmentation

b)

Behavioural Segmentation

c)

Geographic Segmentation

d)

Demographic Segmentation

54.

Are the basic physical appearance which can be a service or idea having precise specifications and is offered under a given/ specified description or model number

a)

Tangible Products

b)

Augmented Products

c)

Generic Products

55.

Includes the image and service features of a certain entity. It gives emphasis on the intangible benefits that the customer will be getting from buying the product

a)

Generic Products

b)

Augmented Products

c)

Tangible Products

56.

Emphasizes the impact of the product to the consumer. This will signify the purpose of its existence and the primary objective in creating the product

a)

Generic Products

b)

Augmented Products

c)

Tangible Products

57.

Sale of the physical products from the manufacturer to the consumer or final and ultimate user

a)

Goods

b)

Services

58.

Are intangible products that satisfaction can be measured future preferences

a)

Goods

b)

Services

59.

are the physical products that are used over a long period of time

a)

Non-durable goods

b)

Durable goods

60.

are the physical products that are quickly and easily be consumed or worn-out, become obsolete, unfashionable, or no longer popular

a)

Durable goods

b)

Non-durable goods

61.

The consumer rented facility of the sellers in a certain period

a)

Rented Goods Services

b)

Owned Goods Services

c)

Non-Goods Services

62.

Are the repair and maintenance services rendered by the sellers to the products of the customer

a)

Rented Goods Services

b)

Owned Goods Services

c)

Non-Goods Services

63.

Is a personal service on the part of the seller; most common are the expertise and profession of the seller

a)

Non-Goods Services

b)

Owned Goods Services

c)

Rented Goods Services

64.

These are goods and services produced for the final consumer for personal, family or household use

a)

Consumer Product

b)

Convenience Products

c)

Shopping Products

d)

Specialty Products

65.

Are products that purchased with the minimum or less effort because the buyer has knowledge of product characteristics prior to shopping

a)

Convenience Products

b)

Shopping Products

c)

Specialty Products

d)

Industrial Products

66.

Are products that the consumers acquire through further knowledge and information to make final purchase decision

a)

Shopping Products

b)

Convenience Products

c)

Specialty Products

d)

Unsought Products

67.

Are the items with a particular brands and stores to which consumers are loyal

a)

Specialty Products

b)

Industrial Products

c)

Unsought Products

d)

Shopping Products

68.

Are goods purchased for use or consumption in the production of other goods

a)

Industrial Products

b)

Unsought Products

c)

Specialty Products

d)

Shopping Products

69.

Are goods that the consumer does not know about or does not normally think of buying, and the purchase of which arises due to danger or the fear of danger and lack of desire

a)

Unsought Products

b)

Industrial Products

c)

Specialty Products

d)

Shopping Products

70.

Good______can improve the marketability of the product through its design and appearance.

a)

Design

b)

Product Color

c)

Product Qualities

d)

Product warranties

71.

Can be an important consideration for highly technical products

a)

Design

b)

Color

c)

Qualities

d)

Warranties

72.

This is set of features and attributes of a product or service that determine its ability to satisfy human needs

a)

Design

b)

Product Color

c)

Product Qualities

d)

Product Warranties

73.

It is the state where the buyer is assured that the product meets the specifications stated in the product labels

a)

Design

b)

Product Color

c)

Product Quantities

d)

Product warranties

74.

The entrepreneur creates an environment in which success is possible and the possibility of failure is controllable.

a)

MISSIONARY

b)

DRIVEN

c)

ENTREPRENEUR AS A MARKETING MAN

d)

 ENTREPRENEUR STARTS SMALL TO BECOME BIG

75.

He accepts challenges and responsibility for results. He makes sure that people work based on specified work programs and schedules

a)

ENTREPRENEUR AS A GOAL DRIVEN

b)

MISSIONARY

c)

ENTREPRENEUR AS A MARKETING MAN

d)

ENTREPRENEUR STARTS SMALL TO BECOME BIG

76.

The needs and wants of customers are properly identified and there is a propelling reason for him to take the opportunity to make a profit

a)

ENTREPRENEUR AS A MARKETING MAN

b)

ENTREPRENEUR AS A GOAL DRIVEN

c)

ENTREPRENEUR AS A MISSIONARY

d)

ENTREPRENEUR STARTS TO SMALL TO BEOCME BIG

77.

Many Entrepreneurs start small scale but with their managerial talents and persistence, they exploit the opportunities. available for their disposal.

a)

ENTREPRENEUR STARTS SMALL TO BECOME BIG

b)

ENTREPRENEUR AS A MARKETING MAN

c)

ENTREPRENEUR AS A GOAL DRIVEN

d)

ENTREPRENEUR AS A MISSIONARY