ALL LESSONS

Question 1

ENTERPRISE FOR THE POOR

Answer 1

COOPERATIVE

Question 2

The entrepreneur must be knowledgeable about the financial aspects of the business decisions.

Answer 2

Financial

Question 3

Product must also have the right price, right promotion, and the right place where It can be sold.

Answer 3

Marketing

Question 4

4Ps of Marketing5

Answer 4

1. Product
2. Pricing
3. Place
4. Promotion

Question 5

These are vital to the growth and success of the enterprise.

Answer 5

Managerial Skills

Question 6

Must be able to identity the strengths and weaknesses of his personnel.

Answer 6

Managerial Skills

Question 7

The entrepreneur should have thorough evaluation of what is to be attained by going into business and what human and financial resources are available and necessary.

Answer 7

Decision-making

Question 8

is a way or method by which organizational activities are divided, organized and coordinated

Answer 8

Organization Structure

Question 9

This is the core department that manages the internal functions of the company which often includes the General Administration, Personnel, Accounting, and Finance divisions.

Answer 9

ADMINISTRATION DEPARTMENT

Question 10

acts as the implementer in the delivery of the company‘s core product which is to serve as intermediary between the suppliers and the client

Answer 10

Operation department

Question 11

segmented activities which aim to uplift the sales revenue of the organization

Answer 11

MARKETING AND SALES DEPARTMENT

Question 12

This proves to your banker that you have a long-term commitment to your project.

Answer 12

Personal investment

Question 13

This is money loaned by a spouse, parents, family or friends. A banker considers this as “patient capital”, which is money that will be repaid later as your business profits increase.

Answer 13

Love money

Question 14

take an equity position in the company to help it carry out a promising but higher risk project.

Answer 14

Venture capital

Question 15

are generally wealthy individuals or retired company executives who invest directly in small firms owned by others

Answer 15

Angels

Question 16

is a form of fundraising where a business asks the public for a contribution, usually in exchange for equity in the company

Answer 16

Crowdfunding

Question 17

where, in exchange for their money, investors receive shares in a company or the right to a portion of revenues or profits from a specific product

Answer 17

Equity crowdfunding

Question 18

where investors lend their money to a company at relatively high interest rates, thus mitigating their overall lending risk by spreading a large amount of money in small increments across a large number of loans

Answer 18

Debt crowdfunding

Question 19

where a company sets a fundraising target and asks for donations—in exchange for some kind of token or receipt of the eventual product or service to be developed

Answer 19

Donation/reward-based crowdfunding

Question 20

(or “accelerators”) generally focus on the high-tech sector by providing support for new businesses in various stages of development

Answer 20

Business incubators

Question 21

Technically, a grant is a sum of money conditionally given to your business that you don’t have to repay.

Answer 21

Grants and subsidies

Question 22

the most commonly used source of funding for small and medium sized businesses

Answer 22

Loans

Question 23

ANY FORM OF OR USE OF MEDIA FOR THE NON-PERSONAL PRESENTATION OF A PRODUCT OR SERVICE TO A GROUP BY AN IDENTIFIED SPONSORS

Answer 23

Advertising

Question 24

PARTICIPATION IN COMMUNITY DEVELOPMENT TO CALL THE ATTENTION OF PEOPLE TO WHAT THE BUSINESS ENTERPRISE IS DOING WITHOUT ANY ATTEMPT OF SELLING.

Answer 24

Public relations

Question 25

INCLUDE CREATIVE SELLING, STANDARD PRESENTATION, INCLUDING ORDER-TAKING TYPE.

Answer 25

Personal selling

Question 26

REFERS TO SPECIFIC ACTIVITIES LIKE DISPLAYS, DEMONSTRATIONS, BROCHURES, DIRECT MAILING, CONTEST, AND TRADE FAIR INTENDED TO IMPROVE THE SALES VOLUME.

Answer 26

Sales Development

Question 27

is the tangible or intangible
service that the enterprise offers its customers in order to
satisfy their needs and
to produce their expected results.

Answer 27

Product

Question 28

offer completely new performance benefits.

Answer 28

Breakthrough products

Question 29

try to claim a new space in the mind of the customer different from the spaces occupied by existing products.

Answer 29

differentiated products

Question 30

It offers more physical space in the shelves, lower prices, easier access, promotional freebies and the like.

Answer 30

Copycat

Question 31

do not intend to compete directly with the giants.

Answer 31

Niche

Question 32

4 FACTORS OF PRODUCTION

Answer 32

1. LAND
2. LABOR
3. CAPITAL
4. ENTREPRENEURAL ABILITY

Question 33

ability-coordinates the other factors of production such as land , labor and capital

Answer 33

ENTREPRENEURAL ABILITY

Question 34

pertains to machines, equipment, buildings
and other physical resources which are used in the
production of goods and services

Answer 34

CAPITAL

Question 35

refers to both physical and mental efforts like
the works of farmers, fishermen, workers, clerks,
lawyers, and others

Answer 35

LABOR

Question 36

Includes natural resources such as forests,
mountains, and bodies of water like rivers, lakes and
seas.

Answer 36

LAND

Question 37

is used to
supplement the
efficiency of other
machinery.

Answer 37

Accessory Equipment

Question 38

Layout refers to the inside arrangement only. TRUE OR FALSE?

Answer 38

FALSE, also the outside

Question 39

in which land is not so expensive and sites for expansion are required over large cities.

Answer 39

SUBURBAN

Question 40

managed by 1 person

Answer 40

Sole proprietorship

Question 41

managed by 2 people

Answer 41

Partnership

Question 42

have at Least 5 or more cooperatives

Answer 42

Corporation