Midterm

Question 1

Is an entrepreneurial tool in determining the profitability of the business operation.

Answer 1

SWOT analysis

Question 2

Is the price determinants

Answer 2

Production cost

Question 3

Is created when people at the top of the management fail to sustain a vigorous effort for expansion and growthwhen managementsets on his laurels and ventured on vices and other extra activities that will lose his total investment

Answer 3

Weak product management

Question 4

Guiding tools for its plans and programs

Answer 4

Mission and Vision

Question 5

Is the ability to plan, organize, direct, and control the organization towards the goals and objective of the organization

Answer 5

Managerial Leadership

Question 6

Refer to the need in making the product or service

Answer 6

Production and Technology Studies

Question 7

Refers to the capital investment and sources of funding the operation of the business

Answer 7

Financial Management

Question 8

Contains therationale and the background of the study undertaken

Answer 8

Introduction

Question 9

Refers to the originators of the project, its owners or equity holders in the business

Answer 9

Proponents

Question 10

Refers to the hierarchy in organization ladder and their corresponding duties and responsibilities and their respective qualification for the position

Answer 10

Personnel Structure

Question 11

This refers to the market segmentation for teh distribution of teh product or service

Answer 11

Market Profile

Question 12

This refers to the selling price of the product

Answer 12

Selling price

Question 13

It refers to the competing productin the market as to its quality and market acceptability

Answer 13

Competitions

Question 14

Thie refers to the means of reaching the target market or it is the method or strategy to penetrate a particular market segments

Answer 14

Channel of product distribution

Question 15

It is analysis of how competitors distribute the product to existing end users.

Answer 15

General Competitive Practice

Question 16

Enjoys the challenges of putting his money and time into a test without the legs your various alternatives open to him and careful in the choice of actions

Answer 16

Positive risk

Question 17

Deals with how the leader will relate himself With the people around him And those that he will Encounter in the course of his business

Answer 17

Human skills

Question 18

Is an important requirement and making effective decisions

Answer 18

Entrepreneur’s natural intelligence

Question 19

The risk involved in the management of business has to be identified and analyze before solutions could be made

Answer 19

Identifying the problem

Question 20

Good and intelligent entrepreneur Must be able to get the data that brought about the problem

Answer 20

Gather the data that brought the problem

Question 21

Not all information are relevant to the solution of the problem

Answer 21

Analyzing the data

Question 22

The intrapreneur entrepreneur makes various alternative solutions to the problem at hand

Answer 22

Formulating alternative solutions

Question 23

After all alternative course of action has been analyzed the entrepreneur makes the decision. the decision has to be implemented with the last possible risk in terms of money, time, and money

Answer 23

Selecting the best alternative course of action

Question 24

Are best arrived at when people who will be implementing the decisions are properly consulted and their opinions and ideas are taken into account before the final decision is implemented

Answer 24

Problems and solutions

Question 25

Is another vital component that must be addressed before making investments

Answer 25

Business firecasting and planning skills

Question 26

Is usually born by the experience of the entrepreneur from his previous employment or exposure

Answer 26

The desirability of the business concept

Question 27

Are two important factors that encourage the entrepreneur to make the stability of the business become possible

Answer 27

Profit and business income

Question 28

It is designing the firm of ownership of the Business which at the outset is known to the investors

Answer 28

Management structure and component

Question 29

Show deal with product demand analysis

Answer 29

Marketing and distribution study

Question 30

Refer to the need in making the product or service

Answer 30

Production and technology studies

Question 31

Refers To the capital investment and sources of funding operation of the business

Answer 31

Financial management

Question 32

The persons in charge of activities in the pre-operation activities

Answer 32

Pre-operating component

Question 33

This refers to the personnel that will be assigned the task of handling the day-to-day operations of the business

Answer 33

operating period

Question 34

Standard operating procedure must be established to simplify decision making and to pinpoint accountability for operation

Answer 34

Development of policy manuals and procedures

Question 35

This refers to the means of reaching the target market or it is the method or strategy to penetrate particular market segments

Answer 35

Channel of product distribution

Question 36

It is analysis of how competitors distribute the product to exusting end users

Answer 36

General competitive practice

Question 37

This refers to the placeOf target market and approaches to penetrate the marketing niche

Answer 37

Geographic segmentation strategy

Question 38

This refers to educational background and the lifestyle of target market

Answer 38

Psychographic strategy

Question 39

this refers to the target market as sex, age, income and the other personal factors of the target market.

Answer 39

Demographic segmentation strategy

Question 40

this has something to do with the price index of any pricing strategy that will attract customers.

Answer 40

Pricing strategy

Question 41

the choices could be retailers, wholesalers, dealership, franchise, or direct marketing.

Answer 41

Channel of distribution

Question 42

media network, personal selling, billboard, or any media penetration strategy.

Answer 42

Promotion and advertising

Question 43

it tells about the product or service that the entrepreneur will offer to its target market. It is an elaborate presentation of the properties of the products and the benefits related therein. It is the service that will be offered to the target consumer.

Answer 43

Product specification

Question 44

it is the detailed layout of the production process as the products goes into the production line indicating the flow process, materials and equipment to be used and normal time table that the product will be finished.

Answer 44

Production process

Question 45

– this refers to the volume of production per shift per day or a monthly basis considering target market consumption. It must also make projections for five years forecast and the technical factors involved.

Answer 45

Plant related capacity

Question 46

it involves the kind of machine to be used, its sources spare parts, working guarantees, rated capacity per day, and the cost estimates involved in its purchase. .

Answer 46

Machinery and equipment

Question 47

a drawing or plant location and the vicinity map as to its accessibility to supply a raw materials, and the transport of finished product to the market. It must show advatages and other plus factors for employees and other services. .

Answer 47

Plant location

Question 48

– it must describe the type of building that will be constructed or sketch of the building plan, electrical plants, drainage, and other utilities. it must contain the cost estimates involved and the total floor plan.

Answer 48

Building and facilities

Question 49

it deals with the raw material requirements and its specification, its source, cost and terms of payment, availability and the possible long term supply. It must alo show alternative suppliers of other sources.

Answer 49

Raw Materials

Question 50

utilities refers to the supply of electricity, water, and its availability in the processing of the product. It also has to do with environment disposal of waste and compliance with government requirements. Drainage system has to comply with sanitary requirements imposed by municipal and national laws.

Answer 50

Power supplies and utilities

Question 51

this refers to the direct labor and administrative cost in the processing the producs. Unit cost must be computed as basis for pricing and marketing strategies.

Answer 51

Production cost

Question 52

this has to do with the entrepreneur fixed cost and the working capital in the operation of the business.

Answer 52

Total project cost

Question 53

The contour of the land, it’s size, and shape Must be suitable to the plant site

Answer 53

Land area

Question 54

The land area must have ample space for plant expansion and provisions for parking Facilities for customers and employees

Answer 54

Facilities for expansion

Question 55

Availability of power supply and the cost of electricity involved in the operation and great factors In the production of goods

Answer 55

Power and utilities

Question 56

The building must be within the restrictions codeof municipality or city.

Answer 56

Building and other utilities

Question 57

The plant site are must be accessible to public Or service transport for its employees and valued customers

Answer 57

Plant site acccessibility

Question 58

Product design Should appeal to customers demand

Answer 58

Product design and appeal

Question 59

Is the greatest opportunity of the entrapreneur

Answer 59

Product demand

Question 60

Must be maintained according to product standards that are acceptable to customers

Answer 60

Product specifications

Question 61

Must be make together with product specifications

Answer 61

Production schedule

Question 62

Needs demand analysis for the last five years as to the major users of the product

Answer 62

Marketing program

Question 63

Is determined the quality and price

Answer 63

Product competitiveness

Question 64

string determinants

Answer 64

1. Leadership and Managerial Abilities 2. Positive risk takers 2. self-confidence and positive outlook 4. Innovativeness and forward looking 5. Natural intelligence and decision-makingg skills

Question 65

decision making process

Answer 65

1. Identify the problem 2. Gather the data that brought the problem 3. Analyze the data 4. Formulating alternatuve solutions 5. Selecting the best alternative course of action 6. Implementing the alternatives

Question 66

the analysis of the ff. steps will benefit the entrepreneur before going into the field of business

Answer 66

1. The change in life path 2. the desirability of the business concept 3. the feasibility of the business concept 4. forming the business enterprise 5. stability of the business income and profit

Question 67

basic phases of entrepreneurial studies

Answer 67

1. Management structure and component 2. marketing and distribution system 3. production and technology 4. financial management

Question 68

the identification of business opportunity

Answer 68

1. the starting point of conceiving the idea of the type of business 2. the teachnical feasibility and time frame

Question 69

before venturing into the field of business

Answer 69

1. know your product or service 2. analyze the market potentials 3. determine the marketing strategy 4. know the competition 5. do not set on your laurels