WorksheetsENTREPRENEURSHIP 12 (REVIEWER)
Total questions: 35
Worksheet time: 18mins
This refers to any mechanism that enables a buyer and seller to strike a bargain and to transact?
Consumer Market
Market Segmentation
Primary Market
Market
Mr. Anderson decided to put up an Accounting Firm which will cater different business establishments in three Barangays in Paranaque City. What market Segmentation did he use in identifying his target market?
Geographic
Behavioral
Psychographic
Demographic
Covid 19 had hit the business sector severely, nonetheless many still thrives to continue their business operations and decided to venture online so that more customers will be catered. What factor/s of production was considered in this decision?
Manpower
Technology
Market
All of the above
The rise of crypto currency like Bitcoin and SLP paved way to different online trading systems. What type of market was created by the rise of crypto currency?
Primary Market
Secondary Market
Organizational Market
International Market
What situation best describes by PESTLE?
A businessman decided to hold his business expansion because of the pending protocols on Covid- 19.
A businessman decided to venture into another business because the Bangko Sentral ng Pilipinas issued a lower interest rates standard for bank loans.
A businessmen decided to go online to cater a wider market.
All of the above.
To bring about a successful operation, it is imperative that the product:
Be in the right place at the right time
Make the consumer productive.
Create the best marketing service
Drink coffee at Starbucks
What is the goal of a marketing/promotional strategy?
to inform the public about your product and to persuade them to buy it
to determine the best price for your product
to work out the details of the ideal product placement
to determine the product details such as packaging and warranties
How would you define brand recognition?
Brand recognition includes packaging two or more similar items together to increase their perceived value.
This is when marketers lower the price in attempts to get more people to buy their product.
Brand recognition is when consumers make a rapid, unplanned decision to buy a product.
If the general public can identify a product brand without seeing its name, it has brand recognition.
In what way can a company enhance the "Service" portion of a product's positioning?
Lower the price
Improve a product's image
Increase the price
Improve the company's customer service department
When an employee doesn't know the products or services that he is selling, he provides
and the products and services
Poor customer service; lose their value
Wrong information; are worthless
Good service; meet the customers interest
Value; are sold
Which of the following is the BEST explanation for why knowing your products and services creates value?
It helps the customer to see why the product or service stands out and how it is beneficial to them.
It helps manipulate the customer into thinking the product or service is of good value.
It identifies all the characteristics about the product or service so customers can fully evaluate it.
It shows passion, which means that it must be a good product or service.
Which of the following is the BEST definition of knowing your products and services?
When an employee knows which product is better than the others
When an employee can explain the basic aspects of the services the company offers
When an employee can explain specific details of their products and express the value it has over others
When an employee is able to discuss what type of product or services they sell and to whom
Which of the following is not one of the steps in determining the pricing strategy?
a. Select a basic approach to pricing
b. Determine your pricing policy
c. Use a random approach
d. Set a price based on the stage of the product life cycle
Place is critical to the product strategy because?
a. It keeps products in stores.
b. It provides a pickup location for customers.
c. It is how the company will offer the product in the marketplace through various channels
d. It dictates price.
Students of PNHS main really need to print their activities, modules, reviewers and other school related documents. Thus, after careful consideration, Mr. Lancelot decided to put up a printing shop within the vicinity of the school. What method did he use to come up with the decision?
a. Market Research
b. Observation
c. Interviews
d. All of the above
These are owned properties by a person or company like cash, account receivables, inventories, land, building and equipment.
a. Assets
c. Income
b. Liabilities
d. Equity
These are the responsibilities and obligations of a person or company like bank debts.
a. Assets
b. Liabilities
c. Income
d. Equity
This is also called as capital or the amount invested by the entrepreneur to start his business.
a. Assets
b. Liabilities
c. Income
d. Equity
During the month of July, the sales at Handy's Shoe Mart totalled P2,500. The cost of the shoes was P1,025. The owner paid P866 for supplies, insurance, rent and utilities during the month. The P609 left over represents the owners
a. Net Profit
b. Gross Profit
c. Sales Income
d. Operating Expenses
If capital is P17,500 and Liabilities are P7,500, How much is the total Assets?
a. P7,500
b. P10,000
c. P25,000
d. P10,500
It is considered as market rivalry between companies selling similar products and services with the goal of achieving revenue, profit, and market share growth.
a. Market Competition
c. Value Proposition
b. Positioning
d. Segmentation
This involves the measurements required by the customer related to size, shape, materials or composition and its description.
a. Market Segment
b. Product Mix
c. Product specifications
d. Positioning and communication
You align your product to the minds of your customers creating an image that fits their needs.
a. Market Segment
b. Product Mix
c. Product specifications
d. Positioning and communication
The following describes an Entrepreneur, except one:
a. Needs to be good in many things
b. Enjoy performing
c. Accepts fluctuations and not being paid at all
d. Wants to be valued base on the result
Entrepreneurs enjoy challenges. They are not afraid to make difficult decisions, confident with their abilities, and optimistic in the results of their decisions.
a. Leadership
b. Reasonable risk-taker
c. Self-confident
d. Decision-maker
The following describes an Employee, except one:
a. Efficient to make their job done fast
b. Wants to be valued on the things they put into something .
c. Find ways to make their own task or job done in simple ways
d. Take risks
These are the things needed to live or necessary for survival
a. Goods
b. Services
c. Needs
d. Wants
These are the non-tangible that we consume
a. Goods
b. Services
c. Needs
d. Wants
Notebook, books, food, laptop, and cellphone are example of;
a. Goods
b. Services
c. Needs
d. Wants
Entrepreneurship qualities can be developed during
a. Childhood
b. Adulthood
c. Early Childhood
d. Infancy
Entrepreneurs are creative, love to explore the unknown, and to blaze new paths of progress. They do things in new and different ways.
a. Positive-thinker
b. Innovative
c. Creativity
d. Hardworking
Which among the following is not part of the satisfaction aspects of the customer?
a. Social satisfaction
b. Physiological satisfaction
c. Customer satisfaction
d. Psychological satisfaction
It is a promise of value to be delivered.
a. Market competition
b. Positioning
c. Value proposition
d. Segmentation
It is a setting up of business and businesses, taking financial risk in the hope of:
a. Business
b. Marketing
c. Entrepreneurship
d. Financial Management
The following are the characteristic of Entrepreneur EXCEPT;
a. Start a business with unique idea
b. Creates new market
c. Reasonable Risk-taker
d. Start a business with existing ideas
