BUSINESS ENTERPRISE SIMULATION EXAM

Through the business plan, Angelo was able to avoid committing crucial mistakes in calculating the supplies he needs for

The following are considered as needs EXCEPT:

An increase in demand of ‘green energy’ use can affect the energy source you use to power your equipment and vehicles.

Research data can be gathered from both __________ data source

These are things that are essential for us to be able to live with dignity and pride within the community.

Typically for this type of sampling, a population is divided into a mutually exclusive, sub-groups from which the sample

Business plans are useful and advantageous in the following ways EXCEPT:

The firms, which are also known as the “buy and sell” businesses, purchase products and sells the same at a higher price

Which of the statements is INCORRECT about business plans

When you conduct a survey or an interview to generate data for your research, you are generating ___data

In this section of the business plan, you describe the competition and how you'll position yourself to beat it

Lenny started a piggery business in her backyard. However, her neighbors started to complain about her business and they

Because her bus plan was well written and with good data, Alicia was able get an investor for her Beauty Salon business

These are sources of data that have already been compiled and are available like those from business directories, demogr

It is defined as the process of gathering, analyzing, and dispensing information for tactical or strategic purposes

Bobbie, owner of the Thai Massage and Spa shop, discovered a new shop opened within their community which offers traditi

It is a written description of your business's future

As Marie writes her business plan, she writes her business’s projected income and cash flow statement, balance sheet and

In this business simulation activity, the teams scan the macro and micro environments surrounding the enterprise

The three primary parts to a business plan are the following EXCEPT

A company overview is also known as company information or a company _

Good business opportunities and ideas can be generated from the following

The letter “O” in SWOT analysis stands for __________

It is defined as a good or favorable change available to run a specific business in a given environment at a given point

The factors in SWOT analysis are considered negative factors because can be harmful for your business and prevent your

These are useful tools that help you analyze business issues and structure your thinking.

It is an undertaking by a person or a group of persons who are partners, or of stockholders who own a juridical entity

It is a tool/device that is useful for guiding/supervising day-to-day decisions and also for evaluating/assessing progre

The Enterprise Business Plan section that includes business name registration

in the Management Study section of the Enterprise Business Plan, includes _________________ registration

In environmental analysis, the teams scan the _______________ environments surrounding the enterprise

The __________ is an analytical framework that can help a business meet its challenges and identify new markets

Both the strengths and weaknesses from SWOT are known as __________ factors since these are factors that comes from with

It is defined as the process of continually and actively monitoring the external environment, in order to identify custo

Sanmer used statistical data from the Philippine Statistics Authority in her research for her bu. This is a data source.

It is a process of inspecting, cleaning, transforming, and modeling data with the goal of highlighting useful informatio

A ______________________ is also known as company information or a company summary

A __________ is a strategy where you identify major competitors and research their products, sales, and marketing strate

The mission, goals and objectives are in this section of the Enterprise Business plan

Which of the statements is INCORRECT about business plans?

It is also known as probability sampling since the sample selection is done randomly so the laws of probability can be

Introducing an entirely new product to the market

It is the most commonly used sampling technique, and truly random, this method randomly selects individuals from a list

Strategic planning is a tool that is useful for guiding decisions and also for evaluating progress and changing approach

It provides relevant data to help solve marketing challenges that a business will most likely face--an integral part of

Environment in the community can be viewed according to all factors EXCEPT:

The business plan is useful for the following people EXCEPT:

The following are sources of primary data EXCEPT:

In the Management Study section, the mission, goals and ______________ are stipulated

These are considered as luxuries and extravagance that signify wealth and expensive way of living.