Q1-Week 4 ( quiz)- TLE 9 4.
___________ is the same in the market because of free competition
Activity # 3. TRUE or FALSE 5.___________ is a type of market consist of lower price products
suitable for customer who are not able to spend large amounts of
You may put smiley if the statement is True and sad face if the
money.
statement is False
6. ____________ is a legal form of business consist of two people with
________1. Mall refers to a group of people with economically
combined skills and resources.
important needs and demands which open entrepreneurial or
business opportunities to everyone. 7. ___________ a market segment consists of the most expensive
products in the market.
________2. Entrepreneurs with enough knowledge and background in
the market and the environment cannot sustain business activities. 8. ____________is the process thorough examination of the target
market before a particular business is set.
________3. There are 8 essential characteristics of the market.
9. ___________ is an economic principle referring to consumer’s
________4. One characteristic of a corporation is 2 or more persons
desire and ability to purchase goods or services.
own the business.
10. ___________ means to require something because it is essential
________5. The lesson discussed 5 legal forms of business.
or very important.
TEST II: Direction: Complete the following statement by writing the
A. Directions: Choose the letter of the correct answer. Write your
correct answer in the blank.
answer on a separate sheet of pad paper.
Write your answer on one whole sheet of pad paper.
1. It is one of the creative businesses that are emerging in
1._________is a group of people with economically important need society.
and demands which opens entrepreneurial opportunities to
A. Agribusiness C. Performing Arts
everyone.
B. Health and Wellness D. Renewable Energy
2. ____________ is one of the characteristics of a market when there
are separate markets for various commodities. 2. This type of business is owned by only one person.
3. ____________ is a type of business which is owned by only one A. Cooperative C. Partnership
person.
B. corporation D. Sole proprietorship
3. It is something needed to survive. 8. What type of business is aside from the owners, many people are
also investing known as shareholders?
A. Environment C. Needs
A. Cooperative C. Partnership
B. Ethnicity D. Wants
B. Corporation D. Sole proprietorship
4. Which of the following is not considered an emerging industry?
9. Why environmental scanning is a factor that entrepreneurs
A. Agribusiness C. Creative industries
must need to consider in setting-up business
B. Power and utilities D. Renewable Energy
A. To determine the population growth
5. What types of market consist of lower price products suitable for
B. To know the number of the competitors
customers who are not able to spend a large amount of money?
C. To determine the target market
A. High–end segment C. Middle-end segment
D. To identify the growth rate
B. Market D. Low-end segment
10. A type of business consists of two-person with combined
6. The needs and wants of the community can be determined
resources and skills
through
A. Cooperative C. Partnership
A. Environmental Scanning C. List of suppliers
B. Corporation D. Sole
B. List of competitors D. Mini-survey
Proprietorship
7. One of the advantages of a sole proprietorship is a
PERFORMANCE TASK ( 5 POITNTS EACH) 3 SENTENCES EACH
A. There is a check and balance QUESTION:
B. Growth is maximized due to bigger capital Activity# 4 Application:
C. Operations are shared by various individual 1. If you are going to operate a business which of the three legal
forms of business will you choose? Why?
D, Very easy to establish 2. Among the key industries distributed all over the country, which
do you prefer if you would be an entrepreneur? Why?
3. Give the difference between sole proprietorship, partnership, and
corporation in a form of a paragraph. Write your answer on a whole
sheet of paper.
