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lahat lahat na ba Flashcards

1
Q

What is the place where products and services are exchanged for usually money?

A

Market

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2
Q

Which of the following are types of consumers found in the market, with the exception of?

A

None of the above

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3
Q

What refers to a specific issue, challenge, or opportunity that exists in a market or industry?

A

Market Problem

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4
Q

What is a document that describes what you plan to do and how you plan to do it?

A

Business Plan

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5
Q

Where is the SWOT Analysis applied?

A

Marketplace Section

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6
Q

In a business plan, where can the business concept be found?

A

Executive Summary

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7
Q

What did Henry Ford imply about customer feedback?

A

Focusing only on customers

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8
Q

What refers to the existing inefficiencies, awkward-workflow, and non-optimal solutions?

A

Market problems

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9
Q

What is crucial in identifying market problems to protect future revenue?

A

Focusing only on Revenue

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10
Q

What is the formula in determining the company’s Market Share?

A

Total market share/ total industry sale, multiply to 100.

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11
Q

What refers to the product’s good performance and can be recommended to others to be purchased?

A

A. Viability ✅

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12
Q

What is the first step to determine the viability of a product?

A

C. Determine the target market ✅

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13
Q

What does MVP stand for?

A

C. Minimum Viable Product ✅

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14
Q

How many terms are used to determine viability?

A

B. 6 ✅

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15
Q

Which of the following best describes the purpose of conducting a product profitability analysis?

A

B. To forecast the profitability of a new product before marketing it ✅

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16
Q

Why is market testing important?

A

A. To see if customers are willing to pay for the product’s price ✅

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17
Q

What is a characteristic or specification that should be available in a product for it to be considered desirable by the market?

A

C. Customer Requirement ✅

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18
Q

What is the basic requirement expected by the market that will be appreciated if fulfilled?

A

C. Must-Have ✅

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19
Q

What is the expression of the market desire explicitly?

A

C. Satisfier ✅

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20
Q

What are bonus, extras, or add-ons to the product requirements?

A

C. Delighters ✅

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21
Q
  1. A systematic process used by entrepreneurs to identify, evaluate, and capitalize on potential business opportunities.
A

3s of Frameworks

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22
Q
  1. This refers to actively scanning the environment to identify potential opportunities through market research, customer feedback, industry trends, and personal observations.
A

Seeking

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23
Q
  1. This refers to evaluating those opportunities based on criteria like feasibility and profitability to select the best ones.
A

Screening

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24
Q
  1. The screening process ensures that the chosen opportunity aligns with the entrepreneur’s resources and capabilities.
A

Focus on feasibility

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25
5. Provides a structured way to identify and assess opportunities, minimizing the risk of pursuing unviable ideas.
Systematic approach
26
6. Means taking action to fully pursue and implement the chosen opportunity by developing a strategy and launching a product or service.
Seizing
27
7. Entrepreneurs are encouraged to constantly monitor the environment and reassess opportunities as market conditions evolve.
Continuous evaluation
28
8.Essentially It acts as a structured approach to spot ideas, analyze their viability, and then actively pursue the most promising ones to launch a new venture.
3s of FrameworksC.
29
9.An entrepreneur notices that many people struggle to manage their daily tasks effectively. Which stage of the 3s of Frameworks does this scenario fall under?
Seeking
30
10.An entrepreneur notices that local cafes lack convenient online ordering systems. Using the 3s of Frameworks, what should they do first?
Identify the need for online ordering systems in local cafes.
31
1. What is the purpose of social listening?
To understand what people are saying about their needs on social media and the web
32
2. What is a focus group used for in market research?
To bring together 6-10 people for feedback on needs
33
3. What is the difference between a need and a want?
Needs are necessary, while wants are desires
34
4. Which of the following is NOT a characteristic of goods?
Cannot be stored
35
5. What is a key factor that markets consider when setting their budgets for goods?
Price
36
6. Which market research method brings together a small group of people to provide feedback on specific products or services? .
Focus Group
37
7. What does "TAM" stand for in the context of market sizing?
Total Available Market
38
8. Social listening provides access to what kind of information?
What people are saying about their needs across social media and the web
39
9. Which of the following is the BEST description of the Serviceable Obtainable Market (SOM)?
The portion of the SAM that is realistically reachable
40
10. Keyword research is primarily used to identify:
The most common words and phrases entered into search engines.
41
11.) What does "SAM" stand for in the context of market sizing?
Serviceable Available Market
42
12.) Which of the following is the PRIMARY focus of the "Collection" stage in meeting market needs?
Gathering customers feedbacks to understand how to meet their expectations
43
13.) Which of the following sequences accurately represents the order of steps in meeting market needs?
Identification -> Distribution -> Create -> Collection
44
14.) It is a way of identifying the need by the use of search engine.
Keyword Research
45
15.) Which of the following is the BEST example of a "need"?
A warm coat during the winter season
46
Which of the following is not included in the level of product?
Healthcare products
47
This Level of Product emphasizes the impact of the product to the consumer, not the seller.
Tangible products
48
49
This level of product is described as having a basic physical appearance having precise specifications and is offered under given description or model number.
Augmented products
50
What goods is an example of furniture product?
Wardrobe
51
5. This type of goods is defined as physical products that are used for a long period of time.
Durable goods
52
6. Which is true about non-durable goods?
Physical products that are quick and easily consumed.
53
Which is an example of rented goods services?
Hotels
54
This kind of product is concisely described as products for personal, family, or household use.
Consumer products
55
Which is not a type of consumer product?
Simple product
56
Which of the following is true about industrial product?
These are goods or product that are used for reselling, as a raw material or ingredient for a new product or service.
57
1. This refers to the product’s good performance and can be recommended to others to be purchased.
Viability
58
2. What is the first step to determine the viability of a product?
Determine the target market
59
What does MVP stand for?
Minimum Viable Product
60
How many terms are used to determine viability?
6
61
Which of the following best describes the purpose of conducting a product profitability analysis?
To forecast the profitability of a new product before marketing it
62
Why is market testing important?
To see if customers are willing to pay for the product’s price
63
It is a characteristic or specification that should be available in a product for it to be considered desirable by the market.
Customer Requirement
64
What is the basic requirements expected by the market that will be appreciated if fulfilled?
Must-Have
65
It is the expression of the market desire explicitly.
Satisfier
66
These are bonus, extras, or add on the product requirements.
Delighters

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