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WorksheetsEntrepreneurship Quiz
Total questions: 65
Worksheet time: 1hrs 5mins
The entrepreneurs who create new ideas are called?
Innovative
Imitating
Fabian
Drone
The entrepreneur who lives on the labor of others is called?
Drone
Fabian
Imitating
Innovative
These are entrepreneurs who are to follow the path shown by innovative entrepreneur.
Innovative
Imitating
Social Entrepreneurs
Fabian
Which of the following is NOT a function of an entrepreneur?
Skills management
Risk taking
Conduct research
Make no changes with his product
Entrepreneur means:
Risk taker
To undertake
To research
To improve standard of living
It is a personality factor which means “doing things even before being told”
proactive
perseverance
persuasion
initiative
It is a personality factor which means convincing customers to buy the product
Proactive
Persuasion
Self-confidence
Risk taker
Which of the choices is NOT part of the environmental factors?
Political
Weather condition
climate
family background of the manager
All except one does NOT belong to the group?
Unfair trade practices
Strikes
Political protest
Product
The entrepreneur who is skeptical about the changes in the company is called?
Fabian
Drone
Social entrepreneur
Which is NOT a career for an entrepreneur?
Business consultant
Sales
Research and Development
Domestic Helper
They are entrepreneurs who drive social innovation and transformation in various fields.
drone
Social entrepreneur
Which of the statements below is true?
Entrepreneur has limited career opportunities
Entrepreneurs are prone to constant high income
Entrepreneurs are contributor to the development of the society
Entrepreneurs are the reasons for unemployment problem
Which of the statement is NOT true?
An entrepreneur will patiently wait for his efforts to bear fruit.
The profit of the entrepreneur is immediate.
All entrepreneurs are successful
Entrepreneurs are researchers
Which of the following is NOT true?
Entrepreneurship create organizations
Improves the life of the entrepreneur alone
Entrepreneurs improves the economy
None of the choices
It is the process of considering, evaluating, and pursuing market-based activities that are believed to be advantageous for the firm.
Opportunity seeking
Opportunity seizing
Opportunity screening
Sources of opportunity
This is essential to opportunity seeking which allows the entrepreneur to see things in a positive and optimistic light in the midst of crisis or difficult situations.
Entrepreneurial mind frame
Entrepreneurial heart flame
Entrepreneurial gut game
Entrepreneurial heart frame
It is the ability of entrepreneur that can sense without using the five senses, also known as intuition.
Entrepreneurial mind frame
Entrepreneurial gut game
Entrepreneurial heart flame
Entrepreneurial heart frame
One of the essetials of entrepreneur’s opportunity seeking that refers to the driven passion of an individual.
Entrepreneurial mind frame
Entrepreneurial gut game
Entrepreneurial heart flame
Entrepreneurial heart frame
What variable of societal environment includes income level and employment rate?
Economic forces
Sociocultural forces
Political forces
Technological forces
Which are the factors of the substitute product that pose a great threat in the industry environment?
A,B,C,D
A and C
A and D
B and C
Which are the factors that influenced the buyer to have a less threats because of the bargaining power?
A only
A and C
A and D
B and C
They are the one that pays cash in exchange to your goods and services.
Buyers
Competitors
sellers
suppliers
The intensity of rivalry among existing firms is characterized to the following factors except one:
Diversity of rivals.
Number of competing firms.
Characteristics of the products or services.
The product represents a high percentage of the buyer’s cost.
The following are the forces competing within the industry except one:
Potential new entrants and Substitute Products
Buyers and Suppliers
Rivalry among existing firms
Needs and Wants
Which of the following good sources of entrepreneurial ideas determine the interest, hobbies and preferences of people.
Changes in the environment
Technological discovery
People’s enterest
Past experiences
Societal environment includes the following, except:
Economic forces
Sociocultural forces
Political forces
Natural resources
Which among the following is the result of identifying entrepreneurial opportunities?
Creation of entrepreneurial ideas
Opening of entrepreneurial venture
Sources of opportunity
Entrepreneurial process
What entrepreneurial idea will you recognized, if you consider the new discovery and advancement of technology as source of opportunity?
Changes in the environment
Technological discovery and advancement
Government’s thrust, programs, and policies
People’s interest
Source of entrepreneurial idea where expertise and skills developed by a person from its previous work can lead to the opening of a related business enterprise.
Government’s thrust, programs, and policies
Past experiences
People’s interests
Technological discovery and advancement
What is the relationship between unique selling proposition and value proposition.
a framework of each business industry
meet your competitors needs wants.
persuades another to exchange money for a product service’s
connected with only one particular thing.
The following variable to consider in behavioral segmentation, except.
perception
brand concept
reaction
benefits
What is the function of Value Proposition?
use to power up sales
convince customer to purchase a particular product or services.
customers buying habits
provide value to your customers
Give example in promotion using Value Proposition and Unique Selling proposition.
with the slogan “Langhap Sarap”
ordinary sari-sari store
multinational business
fruit shake stand
_________ will determine entrepreneur possible customers in one locality.
Market design
Market strategy
market research
market size
The term behavioral segmentation refers to:
divided based on consumers
divided in terms for customers think and believe.
divided according to geographical location.
divided according to customers behavior pattern as they interact with a company.
What is market size?
tangible things that can be seen.
Size of arena where the entrepreneur will play their business
The most important part to the success of the company
another variation of segmentation marketing.
Considered favorable indicators for doing business in that particular location.
structure of the segment
capability of the business
size and growth of the segment
segmentation marketing
Select type of customer requirement
service requirement
service oriented
service responsibility
service fulfillment
This refers to how you sell your products or services to your customer.
Value proposition
Unique selling proposition
Selling proposition
Marketing concept
Tips for the entrepreneur on how to create an effective unique selling proposition to the target customers, except.
Identify and rank the uniqueness of the product or services characteristic.
Very specific
Keep it short and simple
Completeness of proportion
Geographic segmentation refers to:
Divided according to geographical location
Divided based consumers.
Divided in terms for customers think and believe
All of the above
Service requirement __________ thing or product not able to touch but customer can feel the fulfillment.
Tangible
Intangible
Service
Output
Tangible things that can be seen refers to what?
Service requirement
Output requirement
customer requirements
Entrepreneurs output
What is the first step in conducting a strategic marketing.
Estimate the potential market
Estimate the customers who probably dislike buying your product
Estimate the market share
Estimate business funding.
It is the process of gathering, analyzing and interpreting the information about the product or the services to be offered for sale in the market, the market and about past, present and any potential consumers for the products.
Data Gathering
Primary Research
Secondary Research
Market Research
A data gathering technique where it can be moderated to group interviews and brainstorming sessions that provide information on user’s needs and behaviors.
Personal Interview
Focus Group Discussion
Survey
Data Gathering
A data gathering technique where it can be done via direct mail, over the phone, internet or e-mail.
data gathering
survey
focus group discussion
personal interview
It refers to information gathered directly from the respondents who answered set of questions.
Primary Research
Secondary Research
Survey
Data Gathering
It is the most common way to gather primary research with the use of questionnaires or interview schedule.
Interview
Focus Group Discussion
Survey
Data Gathering
Entrepreneur means “to undertake.”
TRUE
FALSE
Entrepreneurship is a process of actions of an entrepreneur who is always in search of opportunities.
TRUE
FALSE
The greatest significance of entrepreneurship is to help reduce and hinder the managerial capabilities of entrepreneurs.
TRUE
FALSE
Entrepreneurship will lead to the destruction of organizations.
TRUE
FALSE
Entrepreneurship can improve the life of the entrepreneur only.
TRUE
FALSE
Interest and hobbies of the people are possible good source of entrepreneurial ideas.
TRUE
FALSE
Industry environment of business is under technological discovery and advancement sources of opportunities.
TRUE
FALSE
The variables in the societal environment include the economic forces
TRUE
FALSE
Entrepreneurial heart flame refers to the ability of the entrepreneur to sense without using the five senses.
TRUE
FALSE
Entrepreneurial mind frame permits the entrepreneur to see things in a very positive and optimistic light.
TRUE
FALSE
Targeting a specific market does not mean that you are excluding people who do not fit your criteria.
TRUE
FALSE
Demographic segmentation is the total market divided according to geographic location.
TRUE
FALSE
Knowledge and awareness is one variable to consider in psychological segmentation
TRUE
FALSE
Service requirement is intangible thing or product not able to be touch but feel the fulfillment.
TRUE
FALSE
Market size is like a world globe measurement.
TRUE
FALSE
