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Entrep Reviewer Finals

Total questions: 22

Worksheet time: 12mins

Name
Class
Date
1.

It is an environmental factor which refers to the perceptions, value system, or religion of these groups influence their buying behavior.

a)

Cultural Factor

b)

Social Factor

c)

Psychological Factor

d)

Personal Factor

e)

Physical Factor

2.

It is an environmental factor which refers to the relationship of consumers to the society. An example the consumer usually buys according to his/her belonging or social class.

a)

Cultural Factor

b)

Social Factor

c)

Psychological Factor

d)

Personal Factor

e)

Physical Factor

3.

It is an environmental factor which refers to the personal characteristics of the buyer. A personal characteristic refers to age, income, occupation and lifestyle.

a)

Cultural Factor

b)

Social Factor

c)

Psychological Factor

d)

Personal Factor

e)

Physical Factor

4.

It is an environmental factor which refers refers to the perceptions, beliefs and attitudes of consumers. Their experiences commonly applied to the products that they bought or about to buy.

a)

Cultural Factor

b)

Social Factor

c)

Psychological Factor

d)

Personal Factor

e)

Physical Factor

5.

It is usually defined as scientific investigation. It about collecting data, presentation, analysis and interpretation of data gathered. It is conducted and being used to study and determine the buying behavior of consumers.

a)

Environmental Analysis

b)

Business Plan

c)

Research

d)

Environmental Factor

e)

Buying Behavior

6.

It is a type of entrepreneurial research that refers to the preliminary research work and used in solving a problem or formulate a hypothesis.

a)

Exploratory Research

b)

Descriptive Research

c)

Causal Research

d)

Applied Research

e)

Fundamental Research

7.

It is a type of entrepreneurial research that refers to one that is used to describe the present buying behavior.

a)

Exploratory Research

b)

Descriptive Research

c)

Causal Research

d)

Applied Research

e)

Fundamental Research

8.

It is a type of entrepreneurial research that is a correlational study. It is to establish the relationship or cause and effect situation.

a)

Exploratory Research

b)

Descriptive Research

c)

Causal Research

d)

Applied Research

e)

Fundamental Research

9.

These are information that can be counted or computed. These are numerical values. Examples are income, sales of the product, age and the like.

a)

Quantitative Data

b)

Primary Data

c)

Secondary Data

d)

Qualitative Data

10.

These are descriptive and cannot be counted. Some examples are gender, culture and social class.

a)

Quantitative Data

b)

Primary Data

c)

Secondary Data

d)

Qualitative Data

11.

These are data directly from the consumers in the target segment.

a)

Quantitative Data

b)

Primary Data

c)

Secondary Data

d)

Qualitative Data

12.

These are information that was previously gathered by another researcher.

a)

Quantitative Data

b)

Primary Data

c)

Secondary Data

d)

Qualitative Data

13.

It is a type of buying behavior that refers to people buying expensive products and performing the steps in buying decision.

a)

Simple Buying Behavior

b)

Complex Buying Behavior

c)

Brand Sensitive Buying Behavior

d)

Price Sensitive Buying Behavior

14.

It is a type of buying behavior that refers to people buying low price goods and do not care about the brand.

a)

Simple Buying Behavior

b)

Complex Buying Behavior

c)

Brand Sensitive Buying Behavior

d)

Price Sensitive Buying Behavior

15.

It is a type of buying behavior that refers to consumers being attached to the brand. They buy because of the brand.

a)

Simple Buying Behavior

b)

Complex Buying Behavior

c)

Brand Sensitive Buying Behavior

d)

Price Sensitive Buying Behavior

16.

It is a type of buying behavior that refers to consumers buying expensive products because they believe expensive products are high quality.

a)

Simple Buying Behavior

b)

Complex Buying Behavior

c)

Brand Sensitive Buying Behavior

d)

Price Sensitive Buying Behavior

17.

It is a combination of seven factors, or kinds of choices, that a company deals with in order to properly and efficiently market their products and services.

(a)  

18.

The 7 P’s of marketing are product, place, price, people, packaging, planning and positioning.

a)

TRUE

b)

FALSE

c)

BOTH ANSWERS ARE CORRECT

d)

BOTH ANSWERS ARE INCORRECT

e)

CANNOT BE DETERMINED

19.

These are goods that offered to customers. It can be a tangible goods or intangible like services.

a)

Product

b)

Consumer Product

c)

Industrial Product

d)

ALL OF THE ABOVE

e)

NONE OF THE ABOVE

20.

This is where your target customers are. An entrepreneur must establish and choose the strategic place for the venture.

a)

Product

b)

Place

c)

Positioning

d)

Promotion

e)

Price

21.

This is set based on availability of competing products, cost of making the product, type of product and stages of product.

a)

Product

b)

Place

c)

Positioning

d)

Promotion

e)

Price

22.

Consumer Products includes convenience goods, shopping goods, speciality goods, and raw materials

a)

TRUE

b)

FALSE

c)

BOTH ANSWERS ARE CORRECT

d)

BOTH ANSWERS ARE INCORRECT

e)

CANNOT BE DETERMINED