Allen National High School
Allen
3rd Periodic Examination in Entrepreneurship 9
Name: ________________________ Score: _______
Grade & Group: ___________ Date: ________
I. Multiple Choice. Encircle the letter of the correct answer.
1. It is the process of gathering, analyzing and dispensing information for tactical or strategic purposes.
a. Generating ideas b. Technology c. Entrepreneurship d. Environmental Scanning
2. What are the two basic indicators in doing a business?
a. Needs b. Health c. Wants d. a & c
3. Which of the following sets of decisions that you need in order to respond to the needs and wants of people?
a. What to produce c. How to sell out the product to the market
b. How to produce d. All of the above
4. The statistical study of human population and its distribution is called ________
a. Demography b. ecology c. photography d. psychology
5. When you identify the demands of the people then you are identifying the __________.
a. Community Needs b. Local Specialized Skills c. Industrial Information d. Technology
6. The following statements tell how environment scanning is done. Choose from the options the correct arrangement of the steps in
conducting environmental scanning.
1. Note down the needs of the people in the community.
2. For things and services, find out what are not available and plan how to develop these into entrepreneurial ventures.
3. Communicate with people through interviews, observations and advertisements on what is new.
4. Check those items which are not already available and think how they may improve that packaging and quality.
a. 4,1,2,3 b. 3,1,4,2 c. 2,4,1,3 d. 1,4,2,3
7. As an entrepreneur, the first thing that you should find out are the demands of the community. This refers to _______.
a. Community needs b. Evaluation c. Industrial information d. Technology
8. Which of the factors pertains to the traditional skill of the people in the community?
a. industrial information b. local specialized skill c. technology d. old plans
9. As an entrepreneur, how will you make your product more useful and of good quality?
a. change the brand b. seek assistance from the government c. use your creativity d. none of the above
10. Why is there a need for an entrepreneur to explore the economic, cultural and social conditions of the community?
a. To determine the number of population in the community
b. To discover the developed enterprise in the community
c. To find out the analytical skills among the professional in the community
d. To identify the problems, need and business opportunities in the community
11. _________ in a business are important things that every individual cannot do without in a society.
a. Needs b. Health c. Wealth d. Wants
12. Santa Clara Corporation decided to have its own port at Brgy. Jubasan, Allen. What benefits will it give to the people of Jubasan?
a. additional income to the government c. employment opportunities
b. give way to the rise of small business d. all of the above
13. What are the most common business establishment in Allen?
a. resorts b. banking c. medical services d. food business
14. Which of the following statements is true about Cabacungan?
a. it is the capital/center of the town c. inhabited by the elite people of Allen
b. there is a vast agricultural land in the barangay d. it is located in the coastal area
15. Why fruit vendors usually have a good sale during New Year celebration?
a. because fruit supply is high c. because the demand for fruits is high
b. because people love eating fruits d. because it is sold for a lower price
16. SWOT stands for?
a. Strengths, Well-being, Opportunities, Threat c. Social Ways of Overcoming Threats
b. Sudden Weakness, Outstanding Threats d. Strengths, Weakness, Opportunities, Threats
17. Which of the following pertains to the advantage of a firm over its competitors?
a. strength b. weakness c. opportunity d. threat
18. Which of the following questions can be classified as weakness?
a. Is the product new to the market? c. What is my competitor is doing that I should be worried about?
b. What could you improve? d. What obstacles do you face?
19. Why do we need to select business opportunities?
a. to have less competitors c. to avoid risk and establish its feasibility
b. to have little chance of success d. to be famous in your place
20. Why is it malls or big stores are not yet feasible in Allen?
a. market size is small b. too many competitors c. no available space d. no investors
21. When there is a competition, then there is a _______ in business.
a. Opportunity b. strength c. threat d. weakness
22. If the people in the community patronize your product, then your business has _______.
a. Opportunity b. Strength c. Weakness d. Strength
23. A SWOT Analysis looks at?
a. The internal Factors only c. Both internal and external factors
b. The external factors only d. None of them
24. If you wanted to look at factors out of control of the business which may affect it you would look at:
a. Strengths and Weaknesses c. Strengths and Threats
b. Outsiders or Threats d. Opportunities
25. When assessing an organization’s internal environment, a manager is concerned with
a. Strengths and Weaknesses c. Strengths and Opportunities
b. Opportunities and Threats d. Weaknesses and Threats
26. Who usually conducts a SWOT Analysis for a business?
a. Banks b. Lawyers c. Employees d. Managers
27. ________ involves analyzing specifying the objective of the business and identifying the internal and external factors that are
favorable and unfavorable to achieve that objective.
a. KPI b. Ansoff’s matrix c. Gap Analysis d. SWOT Analysis
28. Which of the following business venture is the most appropriate on the coastal part?
a. grocery stores b. beach resorts c. farming tools d. shoe factory
29. Anything that ca be offered to a market that might satisfy a want or need is called ____.
a. Package b. Product c. Service d. Technology
30. It is a business term which describes the complete process of bringing a new product to market.
a. Business environment c. product Design
b. New product development d. product development process
31. The producer’s view of a product is called ________.
a. Feature of the product c. product Concept
b. Product formulation d. product cycle
32. Which of the following is not an ingredient that defines a product?
a. Brand promises b. Description and Features c. Delivery Processes d. Tangible Elements
33. How do you call a place where products are offered for sale?
a. product b. market c. package d. concept
34. . Which stage in the Product Life Cycle where the product is introduce or launch in the market?
a. introduction b. growth c. maturity d. decline
35. A product can be defined in different ways, which of the following pertains to the physical and technical characteristics of a product?
a. presumed benefits b. product context c. tangible elements d. brand promise
36. The following are tangible products, except:
a. Car b. Shoes c. Bags d. Mobile Apps
37. In order to generate ideas for business, Mr. Tan should consider?
a. Examine the existing goods and services c. Examine the wants of the individuals not their needs
b. Examine only the present needs d. All of the above
38. Which of the following is an example of our basic needs?
a. Laptop b. Cellphones c. Food d. Cars
39. Why do we need to have a package for our product?
a. it adds appeal to our product c. it serves as a container to a product
b. it contains necessary information about the product d. all are correct
40. How are we going to avoid the declining sales of our product?
a. innovate your product b. change your business c. stop the business d. do nothing
III. Identify if the following item is a Strength, Weakness, Opportunity or Threat. Write your answer on the space provided before the item.
__________41. Undertrained employees __________44.Overseas demand for product
__________42 Well-known brand name __________45. Entry of foreign investors
__________43. Poor quality goods
IV. Make a product concept by giving the components of a given product (5 pts.)
PRODUCT IDEA
Product: ___________________
Pysical Properties: _____________
Description/Features: _________________
Service/Warranty: ___________________________
Brand Name: __________________
