cections: Write the letter of the correct answer on the space provided before the number
1. How will you determine needs/demands of potential customers in the school or neighborhood
a. Buying
b. Interview
c. Resourcefulness
2. It is the item offered for sale. It can be physical or in virtual or cyber form and is made at a cost and
each is sold at a price?
a. Product
b. Business
c. Market
3. What is the slogan in marketing today?
a. "If you do not have a market, buy one!" b. you do not have a market, create one"
c. "if you do not have a market, sell one!"
4. It is a person who organizes and operates a business or businesses, taking on greater than normal
financial risks in order to do so a. Buyers
b. Demands c. Entrepreneur
5. In creating simple products to sell, entrepreneurs must use and
a. Creativity and resourcefulness b. Diligent and faithful c. Friendly and honest
6. Are material things wanted by human beings? They can be seen or touched, what is it?
a. Good
b. Services
c. Market
7. It is non-material things These cannot be seen or touched only their effects are felt, what is it?
a. Good
b. Services
c. Market
8. It is a list of questions aimed at extracting specific data from a particular group or people. It may be
onducted by phone, mail, via the internet, and sometimes face-to-face.
a. Product
b. Entrepreneurship c. Survey
9. What is the purpose of a survey?
a. Can provide a wealth of data you can use to improve the way your small business runs.
b. Can earn a profit for the products and services it offers.
c. Conduct survey to make friends.
10. Once you have identified the needs of the people and identified the products you want to prod​