oking Back Activity 1. Multiple Choice Direction: Choose the letter of the correct answer Write your answer on your notebook
1. When an entrepreneur improves and alter the products to make it more appealing to target consumers, he/she is doing an of the product
A. Alteration
B Invention
C Innovation
D. Improvisation
2. Ceasar studies the population in his immediate community. He is doing this to
A. Identify who would be their suki
B. Predict the biggest buyer
C. Select his favorite costumer
D Determine whom to sell his product or service
3. Thong plans to put a "Small Carinderia" in their locality, Which of the following will help him to determine his plan for a success in setting up of his business?
A Survey of consumer associations
B. Checking for similar business to avoid competition
C. Getting feedback on the quality of service
D Conduct a SWOT analysis
4. Which of the following should be considered first by a prospective entrepreneur in choosing the right location for his/her store?
A Type of merchandise
B. The access of the target customers
C. The attractiveness of the store layout D. The prevailing prices of goods in the area
5. The following are examples of people's basic needs EXCEPT:
A. Recreation
B.Clothing
C.Shelter
D. food​