EXP 9 - LONG QUIZ

Liza is planning to launch a custom-made school uniform business. What should she evaluate to determine if there is enough demand in her area?

• The number of clothing stores nearby

• Local school policies and student population

• Availability of cloth materials

• Competitors’ pricing

You surveyed students and found that 80% prefer personalized uniforms. What does this information help you assess?

• Competition

• Profit Margin

• Market Potential

• Production Cost

You discovered there are 5 tailoring shops in your municipality. What is the best next step to assess competition?

• Buy from each shop

• Ignore them and proceed

• Research their strengths, weaknesses, pricing, and customer base

• Lower your prices immediately

A local town has 500 people needing tailoring services. If Ana expects to serve 50 customers per month, what is her estimated market share?

• 5%

• 10%

• 15%

• 20%

Maria wants to use new fabric-cutting technology. She needs to assess if her current workspace and staff can operate the equipment. What is this process called?

• Market Research

• Budgeting

• Technology Assessment

• Branding

Carla is calculating how much she needs to start a small-scale dressmaking shop. What should she include in her initial investment estimate?

• Daily profits

• Competitors' sales

• Equipment, materials, rent, and licenses

• Uniform design trends

John has ₱10,000 as capital. He plans to offer mending services from home. Which of the following will help him determine if the business can be sustained for 1 month?

• Fashion trends in the city

• Daily expenses and operating costs

• Type of clients in the area

• Online reviews of competitors

You plan to make ₱100,000 in sales this year. The total market in your area spends ₱1,000,000 annually on similar services. What is your market share?

• 5%

• 10%

• 15%

• 20%

Ana owns a tailoring business. She wants to know if her business is earning profit or suffering a loss for the month. Which financial document should she review?

• Balance Sheet

• Statement of Cash Flows

• Income Statement

• Inventory Report

Miguel's income statement shows ₱50,000 in sales and ₱30,000 in total expenses. What is his net income?

• ₱20,000

• ₱30,000

• ₱50,000

• ₱80,000