Pagsanahan National High School

Division of Ilocos Norte

Grade: 11- 1ST Periodical Test
Subject Title: Entrepreneurship

I. Choose the best answer as per the box provided

Entrepreneurship Operation/Marketing Plan Service/Product Plan Business Plan

Organization Plan Mission or Vision

1. Is a written document that describes all the steps necessary for opening and operating a successful business. BUSINESS
PLAN
2. Describe what your business will produce, how will you produce it and who will buy your product or service
SERVICE/PRODUCT PLAN
3Concerned with how the economy functions as a whole (e.g. total income)
4. assist you in running the business and improves your probability of success.. OPERATION/MARKETING PLAN
5. Identies your customers and competitors, outlines a strategy for attracting and keeping your customers, and identifies
and anticipate change MARKETING PLAN
6. The dynamic process of creating incremental wealth and innovating things of value that have a bearing on the welfare of
an entrepreneur ENTREPRENEURSHIP
7. This states why are you doing the business MISSION/VISION
8. This manifest the persons who will help you in business ORGANIZATIONAL PLAN
9. The presentation of your product/service you are selling. PRODUCT/SERVICE PLAN
10 Discusses how would you produce, distribute, promote or sell the product. MARKETING PLAN/OPERATIONAL
PLAN
II. Identification
Distinguish who is being described as below:
11. Enterprises selling the same category of products to the enterprise target market DIRECT COMPETITORS
12. Enterprises selling an alternative product to the enterprise products INDIRECT COMPETITORS
13. The name, symbol or design used to identify your product. BRAND
14. Designed to use person to person selling techniques. This is recommended for technical and expensive products that
require an expert or specialist to explain the product mechanics. PROMOTION
15. The actual amount a customer pays for product or service PRICE

III. Enumeration

Name the things that is listed on the below questions

16-18 List down the pricing strategies INTRODUCTORY PRICE, PSYCHOLOGICAL PRICE, DISCOUNT PRICE
19-23 Give the 5 P’s of marketing PEOPLE, PRODUCT, PLACEMENT, PROMOTION, PRICE
24-30 Significance of Entrepreneurship Growth of Entrepreneurship, A Creation of job opportunities, Innovation,
Impact on community development, Consequence of business failure on Loss of Business Tax, Political and
economic integration of outsiders, Spawns entrepreneurship, Enhances standard of living, Promotes research and
development
31-35 Most Important Competencies/Attributes of an Entrepreneur enabling him to succeed A GOOD PHYSICAL
HEALTH, A HGH LEVEL OF ENERGY, A DESIRE TO CREATE, BEING ORGANIZED, PATIENCE
36-40 Important Competencies/Attributes of an Entrepreneur enabling him to succeed A STRONG NEED TO
ACHIEVE, A NEED TO CLOSELY ASSOCIATE WITH OTHERS, VERSATILITY, INNOVATIVENESS,
ABILITY TO LEAD, A WILLINGNES TO TAKE A RISK

III. Essay.
Explain your ideas on the ff.
46-50 Why an entrepreneur must possess versatility?
51-55 If you would put up a business establishment at the moment, what would it be and why?

Page 1 of 1