- 1. is the process of identifying opportunities and creating value by developing new products, services, or business ventures.
A) Job creation
B) Entrepreneurship
C) Economic growth
D) Entrepreneurs
- 2. are individuals who take calculated risks to turn their innovative ideas into viable businesses
A) Job creation
B) Entrepreneurs
C) Economic growth
D) Entrepreneurship
- 3. are often associated with starting businesses from scratch, and they play a crucial role in driving innovation and economic growth.
A) Entrepreneurship
B) Economic growth
C) Entrepreneurs
D) Job creation
- 4. Small and medium-sized enterprises, often founded by entrepreneurs are major contributors to job creation
A) Entrepreneurship
B) Wealth generation
C) Economic growth
D) Job creation
- 5. an increase in the capacity of an economy to produce goods and services, compared from one period of time to another
A) Job creation
B) Economic growth
C) Entrepreneurs
D) Wealth generation
- 6. Successful entrepreneurial ventures can lead to significant wealth creation for both the entrepreneurs and their stakeholders.
A) Job creation
B) Pursuing opportunity
C) Wealth generation
D) Technological advancement
- 7. Entrepreneurship provides people with the opportunity to pursue their dreams and make a difference in the world.
A) Job creation
B) Wealth generation
C) Entrepreneurship
D) Pursuing opportunity
- 8. Many technological breakthroughs are driven by entrepreneurial ventures.
A) Pursuing opportunity
B) Wealth generation
C) Job creation
D) Technological advancement
- 9. Entrepreneurs think outside the box, identifying unique solutions to problems
A) Creative and innovative
B) Risk- taking
C) Vision
D) Job creation
- 10. Entrepreneurs are comfortable with taking calculated risks to pursue their business ideas
A) Creative and innovative
B) risk - taking
C) Wealth generation
D) Vision
- 11. Entrepreneurs have a clear vision of what they
want to achieve with their businesses.
A) Risk - taking
B) Vision
C) Passion
D) Creative and innovative
- 12. A strong vision and passion inspire others to join
their journey, including employees, investors, and
customers.
A) Passion
B) Risk - taking
C) Vision
D) Creative and innovative
- 13. is essential for maintaining momentum and continuing to work towards long-term goals despite obstacles
A) Resilience
B) Vision
C) Adaptability
D) Risk-taking
- 14. Being adaptable allows entrepreneurs to stay relevant and competitive, ensuring that their businesses can thrive in
dynamic environments.
A) Resilience
B) Vision
C) Job creation
D) Adaptability
- 15. They continually gather market insights and adjust their offerings to meet evolving customer needs.
A) Vision
B) Resilience
C) Risk - taking
D) Adaptability
- 16. Building strong networks is crucial for entrepreneurs to access resources, mentorship, and potential partnerships.
A) Adaptability
B) Passion
C) Resilience
D) Networking
- 17. refers to the process of buying, displaying, marketing, and selling physical products to customers. It primarily involves the resale of products that have been manufactured or produced by others
A) Merchandising
B) Customer interaction
C) Marketing and presentation
D) Inventory management
- 18. Merchandising businesses maintain inventory of products they intend to sell, often in retail stores or online
A) Marketing and presentation
B) Customer interaction
C) Inventory management
D) Merchandising
- 19. Effective marketing and product presentation are essential to attract customers and drive sales.
A) Merchandising
B) Inventory management
C) Customer interaction
D) Marketing and presentation
- 20. Customer service plays a crucial role in ensuring customer satisfaction
A) Inventory management
B) Profit margin
C) Marketing and presentation
D) Customer interaction
- 21. is generated by selling products at a higher price than the purchase cost.
A) Wide product selection
B) Lower production costs
C) Customer interaction
D) Profit margin
- 22. Merchandising businesses don't have the expenses associated with manufacturing or production facilities, which can result in lower operational costs.
A) Quick entry to market
B) Customer interaction
C) Wide product selection
D) Lower production costs
- 23. Retailers can offer a wide variety of products from different manufacturers and suppliers, catering to diverse customer preferences
A) Customer interaction
B) Lower production costs
C) Quick entry to market
D) Wide product selection
- 24. Starting a retail business is often quicker and requires less initial investment compared to manufacturing
A) Inventory management
B) Market competition
C) Quick entry to market
D) Customer interaction
- 25. Direct interaction with customers provides opportunities for building brand loyalty and receiving immediate feedback
A) Quick entry to market
B) Inventory management
C) Market competition
D) Customer interaction
- 26. Managing inventory can be complex and costly, as unsold products tie up capital and may become obsolete
A) Customer interaction
B) Market competition
C) Seasonal fluctuations
D) Inventory management
- 27. High competition in the retail sector can lead to pressure on pricing and profit margins.
A) Inventory management
B) Marketing costs
C) Market competition
D) Seasonal fluctuations
- 28. Many retail businesses experience seasonal fluctuations in sales, which can impact revenue and cash flow.
A) Marketing costs
B) Seasonal fluctuations
C) Inventory management
D) Market competition
- 29. Effective marketing and advertising are crucial but can be expensive
A) Seasonal fluctuations
B) Marketing costs
C) Inventory management
D) Market competition
- 30. Known for his innovation and vision in transforming technology and consumer electronics
A) Elon Musk
B) Tony Tan Caktiong
C) Steve jobs
D) Henry Sy Sr
- 31. Innovator in electric vehicles, renewable energy, and space exploration.
A) Tony Tan Caktiong
B) Henry Sy Sr
C) Elon Musk
D) Steve Jobs
- 32. Regarded as one of the most influential entrepreneurs in the Philippines, founded the SM Group, which began as a small shoe store.
A) Tony Tan Caktiong
B) Steve Jobs
C) Elon Musk
D) Henry Sy Sr
- 33. founded Jollibee, a fast-food restaurant that has become a beloved icon in the Philippines and has also expanded internationally.
A) Henry Sy Sr
B) Steve Jobs
C) Tony Tan Caktiong
D) Natividad Cheng
- 34. is the founder of Uratex, a leading manufacturer of foam and mattresses in the Philippines. Uratex has become a household name, known for its quality bedding products
A) Tony Tan Caktiong
B) Natividad Cheng
C) Ramon Ang
D) Henry Sy Sr
- 35. He is known for his leadership in expanding San Miguel's portfolio into various industries, including food, beverages, energy, and infrastructure.
A) Henry Sy Sr
B) Tony Tan Caktiong
C) Natividad Cheng
D) Ramon Ang
- 36. refers to the process of buying, displaying, marketing, and selling physical products to customers. It primarily involves the resale of products that have been manufactured or produced by others.
A) Marketing and Presentation
B) Customer Interaction
C) Inventory Management
D) Merchandising
- 37. Merchandising businesses maintain inventory of products they intend to sell, often in retail stores or online
A) Inventory Management
B) Marketing and Presentation
C) Customer Interaction
D) Merchandising
- 38. Effective marketing and product presentation are essential to attract customers and drive sales.
A) Merchandising
B) Inventory Management
C) Customer Interaction
D) Marketing and Presentation
- 39. Customer service plays a crucial role in ensuring customer satisfaction.
A) Lower Production Costs
B) Customer Interaction
C) Profit Margin
D) Wide Product Selection
- 40. Profit is generated by selling products at a higher price than the purchase cost.
A) Lower Production Costs
B) Wide Product Selection
C) Quick Entry to Market
D) Profit Margin
- 41. Merchandising businesses don't have the expenses associated with manufacturing or production facilities, which can result in lower operational costs
A) Customer Interaction
B) Profit Margin
C) Wide Product Selection
D) Lower Production Costs
- 42. Retailers can offer a wide variety of products from different manufacturers and suppliers, catering to diverse customer preferences
A) Wide Product Selection
B) Quick Entry to Market
C) Lower Production Costs
D) Customer Interaction
- 43. Starting a retail business is often quicker and requires less initial investment compared to manufacturing
A) Quick Entry to Market
B) Profit Margin
C) Lower Production Costs
D) Customer Interaction
- 44. Direct interaction with customers provides opportunities for building brand loyalty and receiving immediate feedback
A) Customer Interaction
B) Market Competition
C) Seasonal Fluctuations
D) Inventory Management
- 45. Managing inventory can be complex and costly, as unsold products tie up capital and may become obsolete
A) Marketing Costs
B) Seasonal Fluctuations
C) Market Competition
D) Inventory Management
- 46. High competition in the retail sector can lead to pressure on pricing and profit margins.
A) Seasonal Fluctuations
B) Marketing Costs
C) Customer Interaction
D) Market Competition
- 47. Many retail businesses experience seasonal fluctuations in sales, which can impact revenue and cash flow.
A) Inventory Management
B) Customer Interaction
C) Marketing Costs
D) Seasonal Fluctuations
- 48. Effective marketing and advertising are crucial but can be expensive
A) Market Competition
B) Inventory Management
C) Marketing Costs
D) Customer Interaction
- 49. involves the production of tangible goods
through various processes, including assembly, fabrication, or processing of raw materials. Manufacturing businesses create products from scratch or assemble components to create finished goods
A) Supply Chain Management
B) Manufacturing
C) Production Process
D) Quality Control
- 50. Manufacturing companies have production facilities where they create products in bulk.
A) Quality Control
B) Profit margin
C) Supply Chain Management
D) Production Process
- 51. Quality assurance and control are critical to ensuring that products meet specified standards.
A) Supply Chain Management
B) Production Process
C) Quality Control
D) Manufacturing
- 52. Managing the procurement of raw materials and distribution of finished products is vital
A) Supply Chain Management
B) Production Process:
C) Quality Control
D) Manufacturing
- 53. Profit is generated by selling the manufactured products at a markup over production costs
A) Profit Margin
B) Potential for Innovation
C) Production Process
D) Control Over Production
- 54. Manufacturers have control over and product quality, customization, production processes
A) Economies of Scale
B) Potential for Innovation
C) Control Over Production
D) Brand Control
- 55. Manufacturing businesses can continuously improve their products and processes, fostering innovation
A) Potential for Innovation
B) Control Over Production
C) Economies of Scale
D) Brand Control
- 56. Producing goods can in large quantities savings per unit
A) Potential for Innovation
B) Economies of Scale
C) Profit margin
D) Brand Control
- 57. Manufacturers can establish
their own brands and have more control over reputation
their products
A) Profit margin
B) Brand Control
C) Potential for Innovation
D) Economies of Scale
- 58. Setting up manufacturing facilities can be capital-intensive, requiring substantial investment
A) High Initial Capital
B) Brand Control
C) Inventory Management
D) Market Risk
- 59. Manufacturers are exposed to market fluctuations and may face challenges when demand decreases
A) Market Risk
B) Inventory Management
C) Profit margin
D) High Initial Capital
- 60. Balancing inventory levels to meet demand without overstocking can be challenging.
A) Market Risk
B) Inventory Management
C) High Initial Capital
- 61. Service businesses offer intangible, non-physical services or expertise to customers. Instead of selling products, they experiences
provide solutions or
A) Service
B) Customer-Centric
C) Intangibility
- 62. Services cannot be held or touched; they are experiential and often result from interactions between customers and service providers
A) Intangibility
B) Service
C) Customer-Centric
- 63. Customer satisfaction and the quality of service delivery are paramount.
A) Highly Skilled Workforce
B) Customer-Centric
C) Intangibility
D) Profit margin
- 64. Many service businesses rely on skilled professionals or experts.
A) Intangibility
B) Highly Skilled Workforce
C) Customer-Centric
- 65. Services can often be customized to meet individual customer needs.
A) Highly Skilled Workforce
B) Intangibility
C) Service
D) Customization
- 66. Profit is generated through fees or charges for the services rendered.
A) Customization
B) Highly Skilled Workforce
C) Low Overhead
D) Profit margin
- 67. Services professionals, which can result in higher billing rates and revenues
A) Customization
B) Low Overhead
C) Highly Skilled Workforce
D) Profit margin
- 68. Service businesses often have lower overhead costs compared to manufacturing or retail.
A) Flexibility
B) Low Overhead
C) Highly Skilled Workforce
- 69. Many services can be customized to meet individual customer needs
allowing for flexibility and personalization
A) Low Overhead
B) Highly Skilled Workforce
C) Flexibility
D) Profit Margin
- 70. Service quality is heavily reliant on the skills and performance of employees, which can be a risk.
A) Highly Skilled Workforce
B) Dependence on Personnel
C) Intangibility
D) Seasonality
- 71. Some service industries, such as tourism, may be highly seasonal and subject to economic downturns.
A) Seasonality
B) Dependence on Personnel
C) Intangibility
- 72. intangible nature of The services can make marketing and conveying value more challenging.
A) Intangibility
B) Dependence on Personnel
C) Seasonality
D) Profit margin
- 73. could be product or services or a combination of both.
A) Title/ subject matter
B) Objectives
C) Executive summary
- 74. Must be new to the world or an improvement to an existing product.
A) Title/ subject matter
B) Introduction
C) Objectives
- 75. It is often written to share with individuals who may not have time to review the entire report or business proposal.
A) Executive summary
B) Vision
C) Objectives
- 76. Provides an overview of the main points of a larger report or business proposal.
A) Mission
B) Executive summary
C) Objectives
D) Vision
- 77. State the background of the business you're proposing
A) Introduction
B) Vision
C) Objectives
- 78. are the specific and measurable results companies hope to maintain as their business grows
A) introduction
B) Company ownership
C) Objectives
- 79. It is a vivid mental image of what you want your business to be at some point in the future, based on your goals and aspirations.
A) Vision
B) Mission
C) Introduction
- 80. It is a brief description of why company or organization exists.
A) Vision
B) Mission
- 81. It explains what the company does, who it serves, and what differentiates it from competitors.
A) Mission
B) Vision
- 82. Sole Proprietorship is the default structure of a business that hasn't filed any paperwork to create a legal entity. It is the simplest form of business ownership
A) Company ownership
B) Product/ Service Description
C) Advantages and disadvantages
- 83. Partnership is an arrangement between two to five individuals' people to oversee business operations and share its profits and liabilities.
A) Limited partnership
B) Company Ownership
C) General partnership
- 84. All members share equal capital, profits and liabilities
A) Company ownership
B) General partnership
- 85. Exists when to or more partners go into business together, but limited partners are only liable up to the amount of their investment.
A) General partnership
B) Limited partnership
C) Advantages and disadvantages
- 86. A business owned and operated by a single individual
A) Vision
B) Company ownership
C) mission
- 87. Corporation is a legal entity separate from its owners, with shareholders who own the company by owning shares of stock.
A) Product/ Service Description
B) Advantages and disadvantages
C) Company ownership
- 88. It is a form of marketing copy used to describe and explain the benefits of your product. In other words, it provides all the information and details of your product
A) Product/ Service Description
B) Marketing strategy
- 89. Listing down where the companies are good on, and what makes you different from the rest.
A) Strength
B) Threats
C) Opportunities
D) Weakness
- 90. Pointing out what the companies are lacking on, and other things where the company's having hard times dealing with it.
A) Opportunities
B) Weakness
C) Strength
- 91. Anticipating circumstances that might be an advantage to the companies along its operation
A) Weakness
B) Opportunities
C) Strength
- 92. Any circumstances that could have a negative impact to your company.
A) Weakness
B) Strength
C) Threats
D) Opportunities
- 93. Refers to a business's overall game plan for reaching prospective consumers and turning them into customers of their products or services
A) Marketing strategy
B) Marketing 4P's- product
C) Marketing 4P's- place
- 94. Refers to anything that's being sold product, service or experience. a physical
A) Marketing 4P's- product
B) Marle4P's- place
C) Marketing strategy
- 95. Refers to how much your product or service cost.
A) Marketing 4P's- place
B) Marketing 4P's-, product
- 96. refers to the process of selecting strategic price points to best take advantage of a product or service-based market relative to competition
A) Cost- Plus - pricing
B) Competition- based pricing
C) Dynamic pricing
- 97. a pricing strategy by which the selling price or a product is determined by adding a specific fixed percentage to the product's unit cost
A) Freemium Pricing
B) Cost-Plus Pricing
C) Competition-Based Pricing
- 98. referred to as surge pricing, demand pricing, or time-based pricing is a pricing strategy in which businesses set flexible prices for products or services based on the current market demands.
A) Dynamic pricing
B) Freemium Pricing
C) Competition-Based Pricing
- 99. refers to the practice of offering a basic set of services for free, and enhanced features and/or content for a fee
A) Bundle Pricing
B) Geographic Pricing
C) Freemium pricing
- 100. a pricing strategy by which charges the highest initial price that customer will pay and then lowers it over time
A) Premium Pricing
B) Skimming pricing
C) Penetration Pricing
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