Mindanao Community School

Banga, South Cotabato

FNAL EXAM of Third Quarter

ENTREPRENEURSHIP
Name:___________________________________________________________________Rating:________________
Year & Track: ____________________________________________________________Date:________________
General Instruction: Read and understand carefully the instruction in every test

TEST I: IDENTIFICATION

A. Identify what is being asked from each statement. (2 points each).

__________1. Should only be as it is considered.

__________2. The process of cautiously selecting the best opportunity.
__________3. These are considered as the opportunity’s critical success factors.
__________4. This is a mnemonic for sociocultural, technological, economic, environment, political, loyal, ethical and
demographic factors..
__________5. Entrepreneurs just have to look at their ecosystem.
__________6. Recognizing and understanding potential _____ will and the entrepreneur to develop a product or service.
__________7. There are approximately more than one million_______ in the Philippines.
__________8. This king of business is widespread in the Philippines.
__________9. This type of business is often located at central business district are areas with several condominiums.
__________10. The process of positively improving an existing product or services.
__________11. These innovations occur more frequently than breakthrough innovation.
__________12. The entrepreneur determines what are the feasible product or services.
__________13. Validates the work done from the first three stages to measure success in the commercialization of the
product or services.
__________14. Refers to identify of company of a product of a service of an entrepreneur himself or herself.
__________15. Not just entices customers to the product but makes them loyal to it.
__________16. Include the perception and relationship of the customers with the brand.
__________17. The entrepreneur should think of the reason for the business existence.
__________18. Entrepreneurs should formulate a business plan when they have already spotted and assessed the
opportunities of the market.
__________19. These are projected new opportunities that can passible affect the new business while it is running.
__________20. Because rice is the staple food of Filipinos and other Asian countries.
__________21. This business is also lucrative in the Philippines because the demand is very high.
__________22. The business deals with adding the interest as a marketing and transaction channel for selling.
__________23. Occur ordinarily as the name implies.
__________24. Which may also include inventors, occur infrequently as these establish the platform on which future
innovation in an area are developed.
__________25. The last step opportunity spotting and assessment.
__________26. One the acceptable product or services has already been identified.
__________27. The entrepreneur leverages on the information generated from the prospective customers via the concept
stage.
__________28. The supervision of the tangible and intangible elements of brand.
__________29. Include the product itself, its packaging, its price and its location.
__________30. The process of integrating the strategies formed from the marketing mix to give an identify to the product.

TEST II: ENUMERATION

A. Enumerate the following.

1 – 4 – Business Opportunity Elements 8 – 11– Four aspect of Entrepreneurial Process

1 8
2 9
3 10
4 11

5 – 7 – Give the 3S 12 – 16 – five types of Macromarket

5. 12 15
6. 13 16
7. 14
17 – 27 – give at least 11 small business in the Philippines 35 – 42 – Brand name must process the
Characteristics
17
18 35
19 36
20 37
21 38
22 39
23 40
24 41
25 42
26
27 43 – 46 – four types of macroenvironment
Sources
28 – 30 – Three types of Innovation 43
44
28 45
29 46
30
47 – 50 – Franchise or Start up
Business
31 – 34 – four key stages of planning and developing process

31 47
32 48
33 49
34 50

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The fear of the lord is the beginning of knowledge

But fools despise wisdom and discipline.
SIR NELZ…