Republic of the Philippines

Region I
Schools Division of Ilocos Norte
PAGUDPUD NATIONAL HIGH SCHOOL

INTRODUCTION TO WORLD RELIGIONS AND BELIEF SYSTEM 11

Multiple Choice. Select the BEST answer that corresponds to the given question. Write the letter of your
answer.
1. What do you call the process by which one or two or more persons engage in commercial activity
for profit?
A. Business B. Commerce C. Partnership D. Trade

2. Persons or company who supplies goods and services is called _______.

A. consumer B. creditors C. government D. suppliers

3. What is a legal entity that is separate and distinct from owner in the business
A. Autonomy B. Durability C. Profitability D. Scalability

4. Competitive advantages can also be gained by business that seeks association or cooperation with
other business. This strategy in business involved_________.
A. Alliance C. Defensive strategy
B. Cost leadership D. Differentiation

5. What do you call an economic activity that is engage in buying and selling of goods and services in
exchange of money?
A. Business B. Commerce C. Partnership D. Trade

6. These are alternative goods that can easily replace by other products either perfectly or in part.
A. Brand B. Clone C. Original D. Substitutes

7. What do you call the competitive advantage that occurs when business is able to offers same
products at a lower price?
A. Alliances B. Cost Leadership C. Defensive Strategies D. Differentiation

8. Competitive advantages that can also be gained by business that seek cooperation within or related
industries is termed as____.
A. Alliance B. Cost leadership C. Defensive strategy D. Differentiation

9. What is a competitive strategy that businesses often use marketing and some ads are against the
competitors.
A. Advertising B. Alliance C. Cost Leadership D. Defensive Strategy

10. Gained by using defensive strategy the business to set them apart itself from its competitors is a
form of competitive advantage. Which among the choices describes it.
A. Alliance B. Cost Leadership C. Defensive Strategy D. Differentiation

True or False. Write T if the Statement is True and write F if it is False

 11. ___ One of the strategies of suppliers is to provide discounts to clients who buy small quantities of a
specific good or service.
12. ___ In business, competitors are a must to ensure quality products and services.
13. ___ Affordable price means lesser market share.
14. ___Soya milk is an example of substitute product for fresh milk.
15. ___Low quality means high satisfaction to customers.

Match the word provided in the box to the given situations and statements below.

16-18 Choices
A. Advertising C. Big Ideas
B. Autonomy D. Sustainability

16. Andrea, the manager of a shipping company

worried so much because of the present situation of the economy. Income of the said company
dropped into almost 50% of the previous year’s income. She ordered the marketing department of
the company to give discounts for the fare and other services offered to their customers. What
particular strategy does Andrea did.

17. Genesis, an analyst of Coca Cola Inc. conducts frequent meetings and discuss how the company
gain more profits. He always shares his dream and creates plan in making the business more
successful economically. Analyze the applied principle of Genesis shown and practiced.

18. KFC, an American Fast Food Chain is known and specializes for fried chicken. Its finger lickin' good
Kentucky Fried Chicken is the stuff that breaded chicken dreams are made of. They not only sell
chicken, but also other food like salads and french fries. What principle in business is practiced by
the said company?

19-22 Choices
A. Competition and Competitors
B. Customers
C. Scalability
D. Substitutes

19. This happens when a company can increase sales

given increased resources. More packages can be delivered by adding more delivery vehicles and
maintain its profitability or efficiency when the volume of sales increases. Examine the type of
principle in creating a business described in the statement.

20. Not everybody will be willing to switch brands because they have developed a taste for their
products. These goods may, even if partly, satisfy the same needs of a consumer such that the
consumer may use one for instead for another . That is why manufactures try to differentiate their
products from their competitors. Examine the factor that affects type of industry analysis.
 21. Distinguish the factor in Industry Analysis wherein businesses seek constantly competitive
advantage.

22. What factor of an industry analysis show that can force down prices, demand higher quality or
more service and play competitors off against each other all at the expense of industry profits.

Essay for number 23-25 Think Big. In the recent ECQ, many businesses suffer a loss due to lockdown. In at
least five (5) sentences, what solutions can you suggest to make their business thrive?
Rubric: 3 points – comprehensive and analytical, well written and include some analysis
2 – well written but lacks analysis
1 – poorly written and lack strength

Prepared by: Checked and Verified by: Recommending Approval:

PRETZEL L. RAGONJAN ROSHELLA B. AGULLANA JULIETA M. TABIEROS, PhD

Subject Teacher Master Teacher I Head Teacher III

Approved by:

NEIL ERICSON T. ACOB

School Principal I