PeCS and Environment and Market

1st row

1

What PECs must she possess if there are customers who complain about the quality of her product? 

a. Patience 

b. Hardworking 

c. Versatile 

d. All of the above

a. Patience

1

The following are examples of peoples’ basic needs, except:

a. Recreation

b. Clothing 

c. Shelter 

d. Food  

a. Recreation

2

Below are the important skills of a successful entrepreneur except:

- Planner

- Creative
- People Skills

- Decision Making

Creative

2

Xerox machine and Printer machine is the products in Consumer Electronics Servicing in what classification?

Office Appliances

2nd row

1

Which of the following is NOT considered as a characteristic of an entrepreneur? 

a. Copes with failure 

b. Dependent

c. Persistent 

d. Opportunity seeker

b. Dependent

1

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  

d. The prevailing prices of goods in the area  

2

are people with skills and capabilities to see and evaluate business opportunities.

Entrepreneurs

2

CCTV and Fire alarms is the products in Consumer Electronics Servicing in what Classification?

Security Equipments

3rd

1

If she wants to ensure a profitable business operation, what characteristic will she maintain? 

a. Commitment 

b. Goal oriented 

c. Futuristic or future-oriented 

d. Opportunity seeker

d. Opportunity seeker

1

Thong plans to put a “digi-print” studio in their locality. Which of the following will help him determine his plan for a success 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

d. Conduct a SWOT analysis

2

is both an art and science of converting business ideas into marketable products or services to improve the quality of living.

Entrepreneurship

2

is the process of breaking down a larger target market into smaller segments with specific characteristics

Market segmentation

4th

1

Mrs. Magno follows the advice of a friend to be flexible especially if she intends to open a retail business. What PECs has been demonstrated by Mrs. Magno?

a. Self- confidence 

b. Reliable and has integrity 

c. Responsive to feedback

d. Persistent  

c. Responsive to feedback

1

Ceasar studies the population in his immediate community. He is doing this to – 

a. identify his would be “suki”. 

b. predict his biggest buyer. 

c. select his favorite costumers. 

d. determine whom to sell his product or service.

d. determine whom to sell his product or service.

2

are essential to every individual so he/she may be able to live with dignity and pride in the community of people.

Basic needs/Needs

2

Since success depends on your being able to meet customers _ and _ you must know who your customers are, what they want, where they live and what they can afford.

Needs and Wants/Desires

5th

1

She tells Mary, her best friend that she has a strong will and does not give up finding a solution to a business problem. What PECs has been demonstrated by Mrs. Magno? 

a. Hard work 

b. Persistence

c. Self-confidence 

d. Risk- taking

b. Persistence

1

When an entrepreneur improves and alter 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  

a. alteration

2

are desires, luxury and extravagance that signify wealth and an expensive way of living.

Wants

2

The first step in identifying your target market is understanding what your _/_ have to offer to a group of people or businesses.

Products/Services