Directions: Read each item carefully and choose the letter i
copy and answer the following questions on a separate sheet of paper,
1. If a businessman plans to establish a store, what should he consider first?
a. design or layout of the store
b. proximity and/or access of the target customers
c. prevailing prices of products and services in the area
d. the type of merchandise
2. As an entrepreneur who wishes to select the right idea for the business, the following
should be taken into consideration EXCEPT one:
a. feedback of the customers
c. legality of the planned business
b. interest and expertise of owner d. capital for the business
3. If an entrepreneur orders his men to make some changes in the current product to
make it more appealing and better to the consumers, he is doing
a. invention b. alteration c. innovation d. improvement
VRSTE
4. Felipe aims to have a peso-internet café in their sitio, which of the following will help
him determine a successful plan for setting up his business?
a.checking for probable competitors c. survey on consumer association
b. feedback on the quality of service d. conduct SWOT analysis
5. If you want to generate a brilliant business idea, which of the following can help you
achieve it?
a. Write a journal about your business undertakings.
b. Ask your friends and relatives on their ideas about a good business.
c. Read business magazines, news articles and Reader's Digest article.
d. Visit museums, libraries and historical sites.
6. Which of the following is an example of people's basic need?
a. television
b. cellphone
c. food
7. The following are examples of basic human needs EXCEPT one:
a. food
b. shelter
c. clothing d. recreation
d. car