ENTREPENEUR Reviewer

1. They are the ones that provide something 10. How would you define “setting on your
that is needed or wanted. laurel”?
-supplier - (analyze market potential, building and
other utilities, continue working hard to
2. What is the correct stage of product life succeed, service)
cycle?
11. Which of the following is not included in
I. Introduction - 2 the tips in identifying a market problem?
II. Decline - 5 -focusing only on location
III. Maturity - 4 12. It is the starting point of conceiving the
idea of the type of business.
IV. Growth - 3
-know the strength and weaknesses
V. Product Development – 1
13. How do you classify into kinds of goods
3. In Analyzing a Market Need, How will you
the steel, stainless and appliances?
formulate a question?
-durable goods
-All of these (a. what does a market need
or want?, b. who is buying the product?, 14. It refers to the physical environment,
c. who will get interested in my product?) societal environment, and industry
environment where the business operates.
4. What are the making of its people and the
kind of leader that hold the wheels of -external environment
economic fortune?
15. The new product planning process
-poverty involves a series of steps except:
5. How do you call the expertise and skills -Growth
developed by a person who has worked in a
particular field? 16. Which of the following does not belong to
the group for the satisfaction of the target
-past experiences market?
6. Identify one of the deadly mistakes of an -new product
entrepreneur in doing business?
17. What is the Factor in determining
-lack of experience Economic Growth?
7. What do you mean by the quotation, “when -Filipino Values and Culture
the going gets tough, the tough get going”?
18. It is the statistical characteristics of
-persistency human population used specifically to identify
markets?
8. Select the characteristics of weak product
and weak management. -demographics
- (Competition, know the strength, product 19. Which of the following is not a
design and appeal, revenue) contribution of the entrepreneur in our socio-
economic development?
9. What data is used when creating a
business mission? - (availability of the needed capital, pays
taxes, provides employment, run for public
-objectives, project task, expected
office)
outcome
 ENTREPENEUR Reviewer
20. What is a quantitative and qualitative
assessment of a market ability to respond
positively?
- (MARKET Analysis, PRODUCT Analysis,
SWOT Analysis, TARGET Analysis)
21. Which one is an entrepreneurial tool in
determining the profitability of the business
operation?
- (MARKET Analysis, PRODUCT Analysis,
SWOT Analysis, TARGET Analysis)