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Lesson 2: Etrepreneurship

Total questions: 36

Worksheet time: 36mins

Name
Class
Date
1.

is the

part of the market you can

capture in the future that

includes the demographics

groups that are not currently

your customer but become your

customer in the future

(a)  

2.

is a

mission-critical for business

looking to create product

that truly speaks to their

customer’s problems.

(a)  

3.

are a special kind of

want and refer to things we must

have to survive, such as our basic

needs

(a)  

4.

are desires for goods

and services we would like to

have but do not need

(a)  

5.

are requests for

specific products that the buyer is

willing and able to pay for over a

specific period.

(a)  

6.

is any good that can be

offered to a market to satisfy a want

or need. These are considered

tangible goods wherein the goods

can be seen and touched

(a)  

7.

are the intangible

goods wherein you will be paid

according to your profession,

skills, and talents.

(a)  

8.

are knowledge

or skill in a job or activity, which

you have gained because you

have done that activity or work

for a long time.

(a)  

9.

refers to the value

customers place on a product or

service.

(a)  

10.

is the measure of

how well customer expectations

from a purchased product or

service have been meet

(a)  

11.

is the act of

obtaining desired object from

someone by offering something

in return (Armstrong et al 2009).

(a)  

12.

a connection between two people or things.

(a)  

13.

these are the products which have

long interval between repeat purchases

because of their long-lasting nature

(a)  

14.

products have stronger repeat

purchases because they are

consumable.

(a)  

15.

these are the products which are

essentially intangible because there are

no physical items involved

(a)  

16.

have the lowest risk and lowest

effort in buying the products because

consumers will not spend a lot of time or

money in buying those products and

can be sold by wholesales.

(a)  

17.

are consumer goods that have the

specific preferences for brands or

suppliers but are willing to make

substitution when necessary

(a)  

18.

Who owns Sm?

(a)  

19.

Who Owns Mang Inasal?

(a)  

20.

Who owns National Bookstore?

(a)  

21.

Who Owns Jollibee

(a)  

22.

as defined by Glider is “Making the World forever new”

(a)  

23.

It originates from the French word (a)   meaning an undertaker

24.

is a proactive process of developing a business venture to make a profit

(a)  

25.

Entrepreneurship as defined by Glider is

(a)  

26.

When entrepreneurs put up their businesses, they will hire or employ individuals who will be an asset to the business

(a)  

27.

Entrepreneurs innovate. Innovation can be something ordinary or technological or break through.

(a)  

28.

Entrepreneurs are always in constant search for better and cheaper sources of materials they need

(a)  

29.

The new products and services developed by the entrepreneur contribute to the increase of personal benefit and convenience of people in society.



(a)  

30.

The Philippines is basically an entrepreneurial country because majority of businesses are small and medium enterprises.

a)

True

b)

False

31.

Entrepreneurs are opportunityseekers,

creative, and resourceful

(a)  

32.

When entrepreneurs engage in a

new business, it stimulate curiosity for

other to venture in the business because

of the benefits it offers

(a)  

33.

The new products and services

developed by the entrepreneur

contribute to the increase of personal

benefit

(a)  

34.

Entrepreneurs pay taxes for every

product or services sold in the market.

(a)  

35.

Entrepreneurs are individuals to be

emulated by younger generations in the

community and society.

(a)  

36.

Entrepreneurs are always in

constant search for better and cheaper

sources of materials they need. This

behavior focuses of being resourceful

and creative of an entrepreneur

(a)