Wh Ir knw? MULTIPLE CHOICE. Analyze the statements below. Write the letter of the correct answer in the space provided. Which is referred to as a marketing offering? A. ProductlService B. Sales C. Company D. Goals Which of the following is a customer need that an Entrepreneur should consider? A. Usability B. income C. occupation D. savings Which of the following is not a tangible product? A. Car B. Alcohol C. event organizer D. Face mask Which is referred to as the production of an essentially intangible benet? A. Items B. Company C. Service D. Market Which is not an after sales service? A Online support B. warranty & Guarantee C. Returns 8. Replacement D. Employee training TRUE or FALSE. Read and analyze the statements below. Write TRUE if the statement is correct and write FALSE if otherwise. Write your answer in the space provided. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. Penetrated Market is a set of customers or clients who are already using a particular product or service. Available market refers to a group of potential customers to whom a company wants to sell its products and services. Target market users are people who have not yet purchased your product but are considering it. Need is a motivating force that compels action for its satisfaction. Existing customers are people who have already purchased your product. To know the demographic information that people have in common is a way of reaching a potential market. To determine the potential market is not helpful for business future growth. Asking whet related products will customers need in the future is helpful in identifying potential markets. Customer is a person or organization that uses a commodity or service. Market size is the number of individuals in a certain market segment who are potential buyers. How much have you learned? 1. This refers to the risk management approach that results to the variability of product prices and the uncertainty of future market prices. A. Production B. Marketing C. Financial d. Organizational How much have you teamed? 1. This refers to the risk management approach that results to the variability of product prices and the uncertainty of future market prices. A. Production B. Marketing C. Financial d. Organizational 2. Which of these following statement is NOT true about the proper risk management process? A. Identify possible sources of risk B. Identify possible outcomes resulting from the sources of risk C. No alternative strategies should be decided D. Assess the consequences of each possible outcome of each strategy. 3. What is the main reason why agricultural sector particularly smallholder rain-fed agriculture is known as a high-risk business environment? A, Agripreneurs are facing uncontrolled elements B. Agripreneurs are experiencing economic advantage C. Controllable water system D. Manageable weather conditions 4. The purpose of the contract generally involves securing income for the agripreneur and delivering the product to the customer is A. Economic considerations and advantages B. Financial considerations in contracts C. Both A and B D. None to these 5. It refers to the oral or written agreement where two (or more) parties bind themselves to certain obligations that they agree to full. A. Receipts B. Cash book c. Contracts D. Production Record 6. Which of the following is the correct statement describing the production themselves to certain obligations that they agree to fulfil. A. Receipts B. Cash book c. Contracts D. Production Record 6. Which of the following is the correct statement describing the production diversification techniques. (2pts). A. Engaging in the same farm enterprise in different locations. B. Engaging in the same farm enterprise over successive periods or seasons C. Generating income from off-farm activities D. All of these are correct 7. It refers to the quantity or amount that producers can offer to the market for sale. A. Marketing requirements B. Profitability C. Production requirements D. Market supply 8. When a farmer operation scale is two (2) hectares and rarely mechanized, in what type of client does he/she belong? A. Farmer group B. Medium individual farmer C. Small scale individual farmer D. Large individual farmer 9. It is a type of risk wherein farmer has debt to trader which reduces his/her negotiating power. A. Marketing B. Production B. Marketing D. Institutional/Legal