Professional Documents
Culture Documents
KNOWLEDGE
INSTRUCTIONS: Choose the correct answer from the choices below. Write the letter of the correct answer
on the space provided.
_____ 5. Which of the following are goods or components produced for sale to manufacturers.
A. Raw materials
B. Brands
C. Industrial goods -
D. Retail goods
_____ 6. The collection and analysis of information aimed at understanding the behavior of
consumers is called
A. Consumer focus
B. Market Research -
C. Market Forecasting
D. Venture research
_____ 8. Which of the following involves collecting first-hand data
A. Secondary inquiry
B. Product analysis
C. Primary research -
D. Feasibility study
_____ 9. Ben is conducting a feasibility study for a new venture idea. Which of the following
questions should Ben answer in terms of the venture's financial considerations:.
A. How will the business obtain the money it needs? -
B. What Regulations is the business likely to encounter?
C. Is there a real demand for the idea, good, or service?
D. How will the business communicate information about its products?
_____ 11. What business process of creating relationship with and satisfying customers.
A. Advertisement
B. Marketing -
C. Market Research
D. Market Study
_____