Sari-sari store, grocery stores, supermarkets, and department stores are all

small-scale enterprise


wholesale establishments


retail establishments

Question 2

Agricultural producers, like poultries and piggeries, are a specialized form of


service industry


process industry


product industry

Question 3

In writing the business plan, you should consider the strategies in promoting and
advertising your products as well as the channels of distribution you will use. All these
are called


promotional gimmicks


mass media campaigns


marketing methods

Question 4

Maligaya Trading buys large quantities if biscuits from a biscuit-manufacturing firm and
sells these to sari-sari store owners. Maligaya trading is an example of a


retailer


process industry


wholesaler

Question 5

You should also plan your material, labor, service, manufacturing overhead, sales,
administrative, and other costs. This is known as the


budget


projections


business estimate

Question 6

YOu will also need to determine the raw materials needed in manufacturing your
products. Materials are of two broad types


processed and semiprocessed


internally produced and subcontracted


direct and indirect

Question 7

You should also make a plan on how to hire employees as well as how to


keep them in your company


feed them


make them pay taxes

Question 8

Some entrepreneurs perform only one or two operations in an entire manufacturing
process. This type of business is known as a


service enterprise


process industry


product enterprise

Question 9

Aling Gloria runs a tailoring business while her husband, Mang Ambo, manages an auto
repair shop in their town. Aling Gloria and Mang Ambo's businesses are


service enterprises


process industries


retail enterprises

Question 10

The bigger part of administrative costs is usually accounted for by


communications


office supplies


salaries

Question 11

In business planning, you should consider the image of your company and your
product. This means that you should consider


the brand name you will use


what your customers think of you


what pictures to publish in your advertising
campaign

Question 12

When you try to predict what will happen to your business months or years from now,
you are making a


financial analysis


business forecast


market study

Question 13

Pilipinas Foods Corporation, maker of canned and processed meat, is an example of a


process industry


subcontracting industry


product enterprise

Question 14

Reliable Appliance Corporation ties up with smaller firms which manufacture certain
parts and components for them.. These smaller firms are called


sister companies


process industry


subcontracting industries

Question 15

In the business plan, you must be able to identify specific groups of people who are
likely to buy your products. These people are your


market


personnel


fellows

Question 16

The various forces outside the business which directly or indirectly affect it are known
as the


market situation


economic sign posts


business environment

Question 17

In the introductory portion of your portion of your business plan, the first thing you
have to do is to state your


pricing policy


name


objectives

Question 18

When determining the selling price of your products, you should consider the pricing
policy of


your banker


your competitors


the store next door

Question 19

Among the five types of enterprises you can go into, the easiest to set up and manage
is the


wholesale enterprise


service industry


retail enterprise

Question 20

Your sales forecast should cover at least


six months of operation


five years of operation


two years of operation