Develop Product or Service in ICT Illustration

What is the main purpose of identifying what is of value to the customer?

• To copy a competitor's product

• To increase the cost of your product

• To meet the specific needs and wants of the customer

• To avoid conducting market research

Who are the most likely people to buy your product or service?

• Investors

• Competitors

• Suppliers

• Target customers

A digital artist offers customized pet portraits that include the pet's name and favorite toy. This is an example of:

• Copying other sellers

• Mass production

• A unique and competitive product

• Reducing product quality

Which action shows creativity and innovation in product development?

• Tracing existing designs

• Offering hand-drawn illustrations on eco-bags

• Using outdated designs

• Avoiding customer feedback

It is a concept that can be used for financial gain that is usually centered on a product or service that can be offered for money.

• Business Idea 

• Business Branding

• Business Plan

• Business Proposal

What is the first step in selecting a good business idea?

• Guess what people might want

• Research trends and customer needs

• Ask your classmates to pick for you

• Copy the most popular design online

When selecting a business idea, which of the following is NOT a good criterion to consider?

• Market demand

• Personal interest and skills

• Product uniqueness

• Random guessing

It refers to the key characteristics that successful entrepreneurs should have in order to be successful.

• Personal Entrepreneur

• Personal Entrepreneurial Competencies

• Entrepreneurship

• Personal Entrepreneurship Competencies

Which of the following is an advantage of having a good brand?

• Higher chance of being ignored

• Confusing customer choices

• Gaining customer trust and recognition

• Increasing cost with no benefits

Which of the following is an example of a well-known local brand in the Philippines?

• McDonald's

• Jollibee

• KFC

• Starbucks