1. MULTIPLE CHOICES. Choose the correct answer and write the letter on the spaces provided before each number. 1. These are group of people who have the money and willingness to spend to acquire a products/services a. Competitors b. Entrepreneur C. markets d. none of the choices 2. It is the state of being employed or having a job; the occupation for which you are paid a. Economy b. Employment C. Entrepreneurship d. Job creation 3. This refers to the actual amount of money tendered by customers before acquiring a product a. Distribution b. Place C. Price d. Promotion 4. This is when the entrepreneur contracts several distributors to get product directly from him and do their own retail. a. Direct selling b. Indirect selling c. Product strategy d. Online selling 5. Coupons and samples ands contest are all example of a. Personal selling b. Public relation C. Sales promotion d. Transit promotion 6. These are expenses for needs which should be satisfied for as long period of time a. Working capital b. Fixed capital c. Operating expenses d. Capital 7. These are tangible assets, perishable or non-perishable, which are very essential in production a. Financial resources b. Material resources C. Information resources d. Human resources​