ENTREPRENEURSHIP

1. It is also called the consumer and competitor analysis.

• A. Business description

• B. Demand and Supply Analysis

• C. Global Analysis

• D. Societal Analysis

2. In this classification of prototype, the model meant to demonstrate the functions and feasibility of the idea.

• A. Presentation Prototype

• B. Pre-Production Prototype

• C. Proof of Concept

• D. Visual Prototype

 3. What are the two tests to be conducted every time a new business idea is created?

• A. Test of Possibility – Test of Feasibility

• B. Test of Probationary – Test of Feasibility

• A. C. Test of Positioning – Test of Finance

• D. Test of Possibility – Test of Funding

4. It refers to the process in which businesses received raw materials, process it and convert into finished products.

• A. Block chain

• B. Key chain

• C. Supply chain

• D. Value Chain

5. All of the stated are areas covered in operation plan except for?

• A. Evaluation of suppliers

• B. Sources of Material

• C. Shipment system and control

• D. Storage and inventory control system

6. It provides customers details around the features and benefits of the products.

• A. Product Description

• B. Product Display

• C. Product Launch

• D. Product Testing

7. It is something patterned in the original model.

• A. Branding

• B. Positioning

• C. Product Launch

• D. Prototype

 8. It’s the use of small amounts of capital from a large number of individuals to finance a new business venture.

• A. Capital Investment

• B. Capital Distribution

• C. Crowdfunding

• D. Shares

9. It serves as the forerunner of the business plan.

• A. Business Plan

• B. Feasibility Study

• C. Research Study

• D. Thesis

10. It presents the general perspectives of the business.

• A. Business description

• B. Executive Summary

• C. Introduction

• D. Appendix