Direction: Write TRUE to statements that expresses correct thought and FALSE if not.

1. All that one needs to succeed as an entrepreneur is the knowledge of business concepts and principles.

2. A good way to start a business is to find out what is in demand and your

capability to fulfill that demand


3. Food items are always in demand because they fulfill a basic need.


4. To have a successful business, produce big quantities of your product so you

can sell more.

5. An entrepreneur does not engage in deceptive or fraudulent acts and must

display sincerity.​