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day 2 jabol > entrepepepe > Flashcards

entrepepepe Flashcards

1
Q

For the entrepreneurs, as well as to the organization to reach their goal, a business plan serves as their?

A

guide

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1
Q

Your product and services section should include the following EXCEPT for:

  1. Technology
  2. Competitive Edge
  3. Product and Service Description
  4. Workforce and Support Personnel
A

Workforce and Support Personnel

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2
Q

it describes the desired future position of the company

A

vision statement

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3
Q

The following are examples of sales literature EXCEPT for:

  1. Flyers
  2. Newsletter
  3. Brochures
  4. Technology
A

technology

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4
Q

The marketing portion of the business plan addresses how you will get people to buy your product or service in sufficient quantities to make your business profitable. It consists of the following EXCEPT for:

  1. Marketing Sales and Strategies
  2. Labeling and Packaging
  3. Pricing Policy
  4. Final Projections
A

Final Projections

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5
Q

The marketing portion of the business plan addresses how you will get people to buy your product or service in sufficient quantities to make your business profitable.

A

market plan

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6
Q

A formal document containing business goals, the methods on how these goals can be attained, and the time frame within which these goals need to be achieved

A

business plan

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7
Q

This is the part of the business plan where you will describe the specific product or services you’re going to offer

A

product/service plan

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8
Q

Defines the company’s business, its objectives, and its approach to reach those objectives

A

mission statement

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9
Q

Calculating or predicting future events that usually comes from the result of a study and analysis of available pertinent data

A

forecasting

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10
Q

Which of the following is FALSE?

A. Businesses should forecast the possible sales and expenses.

B. Mark-up must be reasonable for the product.

C. Once your business fails, better stop.

D. Learn how your competitors price their products.

A

Once your business fails, better stop. (NEVER BACK DOWN NEVER WHAT)

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11
Q

refers to the amount of revenue a company expects to earn at some point in the future

A

sales projection

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12
Q

example of a variable cost (dpr)

A
  • delivery costs
  • packaging costs
  • raw materials
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13
Q

T or F: Sales projections may be calculated on a monthly, quarterly, or annual basis

A

TRUE

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14
Q

What is an example of a fixed-cost

A

rent

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15
Q

Which of the following is NOT true?

A. Costing helps in identifying how much cost is incurred on each product.

B. Costing is needed to be able to set the price of the product fairly and competitively.

C. Costing gives businesses additional profit.

D. Costing helps businesses understand the way their competitors’ price their product against an industry benchmark.

A

Costing gives businesses additional profit.

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16
Q

Which of the following statements is NOT true?

A. Forecasting helps businesses plan their contingency plans.

B. Forecasting allows businesses to create accurate budgets.

C. Forecasting will surely make business owners gain full profit.

D. Forecasting allows businesses to control their cash flows.

A

Forecasting will surely make business owners gain full profit.

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17
Q

Dennis made 12 small sculpture at a price of Php 3000 per piece and sold them at Php 3500. How much is his total markup price for the
cakes?

A

PHP 6,000

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18
Q

Jean’s business has incurred Php 750.00 on fixed costs and Php 250.00 on variable costs.

a. What does he need to do to get the product cost?

b. How much would be Jeans product cost?

A

a. Get the sum of the fixed and variable costs.

b. PHP 1,000

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19
Q

Jay sold 50 shirts at a price of Php 260.00 each. If the unit cost of each shirt is Php 200.00, what is his desired rate of return?

A

30%

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20
Q

Vinz plans to sell his Magic cards. The unit cost of each is Php 210.00. If he plans to have a 50% increase on each photocard, what would be his selling price?

A

PHP 315.00

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21
Q

Which should be divided by the number of units produced to get the unit cost?

A

product cost

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22
Q

refers to the kind of cost considered as relative or proportional to the output produced by the business

A

variable cost

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23
Q

refers to the kind of cost considered as unchanging no matter how much a business increases or decreases its sales

A

fixed costs

24
Q

The following are components of Business Model Canva EXCEPT for:

Key Money
Key Resources
Key Partners
Key Activities

A

Key Money

25
Q

it describes the essential need that your business is trying to fulfill for its customers

A

value propositions

26
Q

creates strategic relationships with other companies

A

key partners

27
Q

refers to the business sources of cash flow

A

revenue streams

28
Q

strategic management and a startup template for the development of new business models or for documentation

A

Business Model Canvas

29
Q

What process of recruitment is called for finding the best candidate

A

evaluation and offer

30
Q

refers to identifying the vacancies that exist in the company.

A

recruitment plan

31
Q

Which of the following is NOT included in preparing a Job Description?

Title
Compensation
Duties and Responsibilities
Family Background

A

Family Background

32
Q

Which stage of the recruitment process involves job posting and running job fairs

A

talent search

33
Q

Which of the following is NOT a part of the Recruitment Process?

Talent Search
Interviewing
Salary Negotiation
Recruitment Planning

A

Salary Negotiation

34
Q

which of the ff is NOT the correct sequence?

product request > supply chain > customer

customer request > value chain > product

supplier request > value chain > product

A

supplier request > value chain > product

35
Q

which of the ff is FALSE?

  1. in a supply chain, all that is being done is conveyance.
  2. a value chain is a set of input activities.
  3. there is no value added in the supply chain.
  4. in value chain, the business owner is seen as the source of value.
A

in value chain, the business owner is seen as the source of value.

36
Q

this chain’s main objective is gaining competitive advantage

A

value chain

37
Q

the major objective of this chain is to gain complete customer satisfaction

A

supply chain

38
Q

which of the ff is NOT a definition of value chain?

  • value chain adds value to the product.
  • value chain is a set of input activities that a company carries out to create value for its valued customers.
  • value chain often involves finding the raw material for manufacturers or just simply packaging and marketing retailers.
  • value chain is a connection of all the parties, resources, business, and activities involved in the marketing distribution through which a product.
A

value chain is a connection of all the parties, resources, business, and activities involved in the marketing distribution through which a product.

39
Q

TRUE OR FALSE

Statement A: Supply chain activities include the transfer of material from one place to another.

Statement B: on the other hand, value chain is primarily concerned with providing value for price product or service.

A

both statements are TRUE

40
Q

process in which buyers try to establish favorable terms on the part of the supplier

A

negotiation process

41
Q

which of the ff is true?

  1. finding a new supplier will affect the rent of your store
  2. finding a new supplier measures the success of business
  3. finding a new supplier to gain for promotion
  4. finding a new supplier to boost competition and achieve other market goals
A

finding a new supplier to boost competition and achieve other market goals

42
Q

part of supplier selection process where it sets out what the supplier should do and how the purchaser will pay for them

A

contract terms

43
Q

one of the processes in selecting supplier in which keeping track of their progress and making sure to meet their agreement

A

monitor the supplier performance

44
Q

which of the ff is NOT a part of the supplier selection process

  1. identifying potential suppliers
  2. work scheduling
  3. contract terms
A

work scheduling

45
Q

which of the ff is NOT a part of the supplier qualification screening process?

  1. reference checks
  2. surge capacity availability
  3. ability to meet specifications
  4. create a technology roadmap
A

create a technology roadmap

46
Q

pertains to anything used as inputs to production or manufacturing

A

materials

47
Q

which question statement does not apply in selecting a supplier?

  1. is the quality of materials good?
  2. can the vendor supply the needed quantity of materials in a reasonable price?
  3. will this equipment make you more successful in the marketplace?
  4. does the company have a favorable reputation to deliver on time?
A

will this equipment make you more successful in the marketplace?

48
Q

refers to the process by which firms identify, evaluate, and contract with suppliers

A

supplier selection

49
Q

a job is a summary of the objectives of the job, the type of work to be done, the responsibilities and duties, the working conditions, and the relationships of the job to other functions.

A

description

50
Q

it helps the managers with the information required to make good human resources decisions

A

performance appraisal

51
Q

refers to primer moel or sample of another product or service that is made to test a product idea or service measure

A

prototype

52
Q

considered to be the MOST VITAL factor in production. a business entrepreneur must determine, acquire, and match qualifies employees with the jobs at the most appropriate period.

A

manpower

53
Q

relates to innovations that help business tasks become normalized and consistent. therefore, w/o its business activities will be lumbering, expensive, and with poor quality.

A

machine

54
Q

process of eliminating unsuitable candidates

A

selection

55
Q

process of searching for prospective employees and stimulating them to apply for obs in the organization

A

recruitment

56
Q

raw materials needed in the production of the product or service

A

materials

57
Q

cycles to be followed inadequately fabricating or conveying product or service.

A

method

58
Q

orders are followed in a typical selection process (atrp)

A
  1. application form
  2. test and/or interview
  3. reference check
  4. physical examination

day 2 jabol (2 decks)

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