Q2 ENTREP 9 REVIEWER

What is demography?

• The study of human culture and traditions

• The statistical study of human population and its distribution

• The process of creating development plans

• The analysis of technological advancements

What is the initial step in identifying community needs?

• Advertisements

• Reading journals

• Environmental scanning

• Conducting interviews

Which term refers to available money, equipment, and facilities?

• Goods

• Services

• Resources

• Technology

What are modern gadgets utilized to identify business opportunities called?

• Goods

• Technology

• Services

• Trends

What is the term for work done for others as an occupation or business?

• Resources

• Goods

• Services

• Trends

Why should an entrepreneur explore economic, cultural, and social conditions?

• To increase product pricing

• To identify problems, needs, and business opportunities

• To understand professional skills

• To reduce competition

Which environment highlights new processes and materials for doing things?

• Educational environment

• Political environment

• Ecological environment

• Technological environment

What does reading technical and business journals help identify?

• Community needs

• Industrial information

• Cultural conditions

• Development plans

How can creativity and imagination help an entrepreneur?

• By making products more useful and of good quality

• By reducing the cost of raw materials

• By avoiding competition

• By eliminating the need for advertising

What factor evaluates old projects for potential business opportunities?

• Technology

• Review of old projects

• Development planning

• Local specialized skills