EXAM TECNO

Question 1

It is a body of knowledge devoted to creating
tools, processing actions, and the extracting
of materials

Answer 1

Technology

Question 2

It is the practice of embarking on a new
business venture or existing businesses by
combining different resources in order to
develop new opportunities.

Answer 2

Entrepreneurship

Question 3

The merging of Technology and
Entrepreneur skills.

Answer 3

Technopreneurship

Question 4

It is a new breed of entrepreneurship that
involves the collaboration of people who are
intelligent, determined, creative, technology
savvy, and passionate in dealing with risk
and functions as a team.

Answer 4

Technopreneurship

Question 5

It is a person that possesses various skills in
terms of marketing, communication and
strategically has the potential demand for
goods and services whether as a sole
proprietor, with partners and within a
corporation

Answer 5

Entrepreneur

Question 6

TYPES OF INTERPRENEURSHIP

Answer 6

INNOVATIVE
IMITATING
FABIAN
DRONE

Question 7

It is a person that have such a great passion
in discovering and developing new
products, new ideas, and new processes

Answer 7

Innovative Entrepreneur

Question 8

They are willing to take risk in every new
innovation because they enjoy challenges.

Answer 8

Innovative Entrepreneur

Question 9

the founder of Jollibee
Foods Corporation started Jollibee as a small ice
cream parlor in 1975 and transformed it into one of
the biggest fast-food chains in the country,
competing with global brands like McDonald’s.

Answer 9

Tony Tan Caktiong,

Question 10

It is a person who immediately copy the
existing products made by the innovative
entrepreneur because there is no such new
inventions or new innovations.

Answer 10

Imitating Entrepreneur

Question 11

They can come up with the same features
and specifications where they just imitate the
technology, process, and methods
pioneered by the others.

Answer 11

Imitating Entrepreneur

Question 12

It is the popular fast food chain known
for its grilled chicken,

Answer 12

Mang Inasal

Question 13

Who created Mang Inasal

Answer 13

Edgar “Injap”
Sia II

Question 14

It is a type of person that is skeptical about
the changes that will be made in the
organization.

Answer 14

Fabian Entrepreneur

Question 15

It is a type of person that is skeptical about
the changes that will be made in the
organization.

Answer 15

Fabian Entrepreneur

Question 16

s the Chairman
of Alaska Milk Corporation, a prominent dairy
company founded by his father in 1972.

Answer 16

Wilfred Steven Uytengsu Jr.

Question 17

They are reluctant to change as they are
happy with the result of their business even
if they have financial losses.
 They are not eager to make changes in the
organization.

Answer 17

Drone Entrepreneur

Question 18

has focused on providing
affordable nutrition through high-quality dairy
products.

Answer 18

Alaska Milk

Question 19

despite the rise of
digital payment options or delivery services, may
avoid embracing these innovations, preferring to
continue working as they always have.

Answer 19

market stall owners

Question 20

are reluctant to
change their operations. Even as larger
supermarkets and e-commerce giants like 7-Eleven
or Lazada grow, many sari-sari stores still use
manual record-keeping, cash payments, and wordof-mouth marketing.

Answer 20

sari-sari store owners

Question 21

they s face
financial challenges due to rising fuel costs,
congestion, and competition from modern ridehailing apps like Grab or Angkas

Answer 21

jeepney operators

Question 22

It is a person who perceives an opportunity
by introducing new products and services,
creating new forms of organization and by
utilizing new raw materials.

Answer 22

Technopreneur

Question 23

Undertakes risks that has the possibility of
earning a profit.

Answer 23

Technopreneur

Question 24

Starts out with nothing but an ‘idea’ defying
existing products, practices, and systems in
which he can think of a new solution
through the use of technology and innovate
it eventually

Answer 24

Technopreneur

Question 25

Five Traits of a Technopreneur

Answer 25

1. Strong Communication Skills that Close Deals 1. Strong Communication Skills that Close Deals 3. Deep Technical Understanding 4. Take Big Risks 5. Persistence

Question 26

The Entrepreneurial Process

Answer 26

Opportunity Analysis Business Planning Gathering Resources Implementation Scaling and Harvesting

Question 27

Refers to establishing demand and competitive analysis of the market.

Answer 27

Opportunity Analysis

Question 28

An entrepreneur should have a clear vision by making a thorough study of the market potentials to create strategies and desirable objectives for the growth of an organization.

Answer 28

Opportunity Analysis

Question 29

Includes marketing strategy, financial and operational viewpoint.

Answer 29

Business Planning

Question 30

An entrepreneur should have a written business plan that composed of the organization’s future goals, how to achieve those goals and the timeframe within which these goals are to be achieved.

Answer 30

Business Planning

Question 31

A business ought to have four types of resources: physical resources, intellectual resources, human resources, financial resources.

Answer 31

Gathering Resources

Question 32

It is a process of execution about what has been planned and utilizing the numerous resources for the success of the business.

Answer 32

Implementation

Question 33

is a process where the organization will encounter challenges.

Answer 33

scaling

Question 34

is the process where the organization will reap what they sow in dealing with the challenges they had encountered throughout the process of the business.

Answer 34

harvesting

Question 35

The Technopreneurial Process

Answer 35

Idea Generation Idea Screening Concept Testing Business Analysis Test Prototyping Marketing Commercialization Monitoring & Evaluation

Question 36

The process of creating, developing and communicating abstract, concrete or visual ideas.  Includes goals, strategies, concepts, design, style, plans and actions to come up with

Answer 36

Idea Generation

Question 37

It is a process that evaluates and contrast new prospective ideas for your business.  It is where assessment will be instigated to make sure that your ideas is related to the business.  Used to determine compatibility and whether the idea will earn profit or could return on investment.

Answer 37

Idea Screening

Question 38

It is the process of testing new or hypothetical products or services before they are launched.

Answer 38

Concept Testing

Question 39

It is a process of identifying what the business needs and determining solutions to business problems that will improve the process, management, and the financial status quo to deliver value to the stakeholders.

Answer 39

Business analyis

Question 40

Every business should be monitored and evaluated according to the performance in the market.  It is important for the business to diagnose problems and improve what is needed to stay in the competition.

Answer 40

Monitoring and Evaluation

Question 41

It is the process of introducing new products and services in the market.

Answer 41

Commercialization

Question 42

It is a process of experimenting and assessing your product to check its viability to customers comprising of actual stores and real-life buying situations.

Answer 42

Test Marketing

Question 43

It is the overall design of the product where it shows its functionalities, specifications and interface that is based on the business analysis.

Answer 43

Prototyping