Activity N0.4 ENVIRONMENT and MARKET
4 ENVIRONMENT and MARKET
Name________________________Yr & Section______
Pre-assessment
Encircle the letter of the Correct Answer.
1. The following are examples of peoples’ basic needs, except:
a. Recreation b. Clothing
c. Shelter d. Food
2. Which of the following should be considered first by a
prospective entrepreneur in choosing the right location for
his/her store?
a. Types of merchandise
b. Access of the target customers
c. The attractiveness of the store layout
d. The prevailing prices of goods in the area
3. Mr Ty plans to put a “digi-print” studio in their locality.
Which of the following will help him determine a
successful plan for 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(Strenghts,
Weakness,Opportunities,Threats) analysis
4. 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.
5. 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
B. NEEDS AND WANTS
Needs in business are important things that every
individual cannot do without in a society while Wants
are non essential desires that signify wealth and an
expensive way of living. Needs and wants of people are
the basic indicators of the kind of business that you
may engage into because it can serve as the measure
of your success. List down the ff. correctly in the table
below:
- Food - fashion - education - travel
- Shelter - jewelries - luxury cars - health
- Movies/concerts - clothing
NEEDS WANTS
1. 1 1.
2 2.
3 3
4 4.
5 5.
Activity N0.
Name________________________Yr & Section______
Pre-assessment
Encircle the letter of the Correct Answer.
1. The following are examples of peoples’ basic needs, except:
a. Recreation b. Clothing
c. Shelter d. Food
2. Which of the following should be considered first by a
prospective entrepreneur in choosing the right location for
his/her store?
a. Types of merchandise
b. Access of the target customers
c. The attractiveness of the store layout
d. The prevailing prices of goods in the area
3. Mr Ty plans to put a “digi-print” studio in their locality.
Which of the following will help him determine a
successful plan for 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(Strenghts,
Weakness,Opportunities,Threats) analysis
4. 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.
5. 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
B. NEEDS AND WANTS
Needs in business are important things that every
individual cannot do without in a society while Wants
are non essential desires that signify wealth and an
expensive way of living. Needs and wants of people are
the basic indicators of the kind of business that you
may engage into because it can serve as the measure
of your success. List down the ff. correctly in the table
below:
- Food - fashion - education - travel
- Shelter - jewelries - luxury cars - health
- Movies/concerts - clothing
NEEDS WANTS
1
2 2.
3 3
4 4.
5 5.