: Read each statement carefully and if you think it is True write the word FACT and if you think it ‘s False, write FAKE on the blanks provided. Write your answer on a separate sheet of paper.
1. Profitability means not losing nor gaining in business.
2. Viability is the ability of the business to earn a profit.
3. Revenue refers to the total collections from customer payments.
4. New product needs customer evaluation.
5. A new product would need customer viewpoint after it ‘s launched in the market.
6. Venturing into business, an entrepreneur must look into how it should be funded.
7. Savings and wise investments are characteristics of successful entrepreneurship.
8. A viable business is profitable.
9. Customer requirements is the specified product feature the customer wants.
10. Capital can be acquired by making loans.
1. Profitability means not losing nor gaining in business.
2. Viability is the ability of the business to earn a profit.
3. Revenue refers to the total collections from customer payments.
4. New product needs customer evaluation.
5. A new product would need customer viewpoint after it ‘s launched in the market.
6. Venturing into business, an entrepreneur must look into how it should be funded.
7. Savings and wise investments are characteristics of successful entrepreneurship.
8. A viable business is profitable.
9. Customer requirements is the specified product feature the customer wants.
10. Capital can be acquired by making loans.
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Answer:
1. FACT
2. FACT
3. FACT
4. FACT
5. FACT
6. FAKE, Venturing is something to risk to gain profit
7.FACT
8. FACT
9. FACT
10. FACT