ENTREPRENEURSHIP_LAS_2nd-C x+O File | C:/Users/user/Downloads/ENTREPRENEURSHIP_LAS_2nd-QUARTER-for-printing.pdf...+B Page viewA Read aloudO Add text | V Draw9 HighlightO Erase11of 29Exercise #1: MULTIPLE CHOICEDirections: Choose among the options the proper factor that serve as basis in forecasting revenues of thebusiness which is described by the statement/s.1. When the economy grows, its growth is experienced by the consumers. Consumers are more likely tobuy products and services. The entrepreneur must be able to identify the overall health of the economyto make informed estimates.A. The competing businesses or competitorsB. Changes happening in the communityC. The economic condition of the countryD. The internal aspect of the business.2. Observe how your competitors are doing business. Since you share the same market with them,information about the number of products sold daily or the number of items they are carrying will giveyour idea as to how much your competitors are selling. This will give you a benchmark on how muchproducts you need to stock your business to cope up with the customer demand. This will also giveyou a better estimate as to how much market share is available for you to exploit.A. The competing businesses or competitorsNote: Practice Personal Hygiene Protocols at all TimesActivate WindowsGo to Settings to activate Windows.B. Changes happening in the communityC. The economic condition of the countryD. The internal aspect of the business.8:03 PMP Type here to searchW27°C Rainヘ知)图11/23/2021近 po ENTREPRENEURSHIP_LAS_2nd-C x+O File | C:/Users/user/Downloads/ENTREPRENEURSHIP_LAS_2nd-QUARTER-for-printing.pdf...(D Page viewA Read aloudT Add textV DrawY HighlightO Erase12of 293. Changes happening in the environment such as customer demographic, lifestyle, and buying behaviourgives the entrepreneur a better perspective about the market. The entrepreneur should always be keenin adapting to these changes to sustain the business. For example, teens usually follow popularcelebrities especially in their fashion trend. Being able to anticipate these changes allows theentrepreneur to maximize sales potential.A. The competing businesses or competitorsB. Changes happening in the communityC. The economic condition of the countryD. The internal aspect of the business.4. Plant capacity often plays a very important role in forecasting. For example, a “Puto" maker can onlymake 250 pieces of puto every day; therefore he/she can only sell as much as 250 pieces of puto everyday. The number of products manufactured and made depends on the capacity of the plant, availabilityof raw materials and labour and also the number of salespersons determines the amount of revenuesearned by an entrepreneur.A. The competing businesses or competitorsB. Changes happening in the communityC. The economic condition of the countryD. The internal aspect of the business.Activate WindowsGo to Settings to activate Windows.Exercise #2: PROBLEM SOLVING8:04 PMP Type here to searchW27°C RainHi11/23/2021

Question

ENTREPRENEURSHIP_LAS_2nd-C x+O File | C:/Users/user/Downloads/ENTREPRENEURSHIP_LAS_2nd-QUARTER-for-printing.pdf...+B Page viewA Read aloudO Add text | V Draw9 HighlightO Erase11of 29Exercise #1: MULTIPLE CHOICEDirections: Choose among the options the proper factor that serve as basis in forecasting revenues of thebusiness which is described by the statement/s.1. When the economy grows, its growth is experienced by the consumers. Consumers are more likely tobuy products and services. The entrepreneur must be able to identify the overall health of the economyto make informed estimates.A. The competing businesses or competitorsB. Changes happening in the communityC. The economic condition of the countryD. The internal aspect of the business.2. Observe how your competitors are doing business. Since you share the same market with them,information about the number of products sold daily or the number of items they are carrying will giveyour idea as to how much your competitors are selling. This will give you a benchmark on how muchproducts you need to stock your business to cope up with the customer demand. This will also giveyou a better estimate as to how much market share is available for you to exploit.A. The competing businesses or competitorsNote: Practice Personal Hygiene Protocols at all TimesActivate WindowsGo to Settings to activate Windows.B. Changes happening in the communityC. The economic condition of the countryD. The internal aspect of the business.8:03 PMP Type here to searchW27°C Rainヘ 知)图11/23/2021近 po ENTREPRENEURSHIP_LAS_2nd-C x+O File | C:/Users/user/Downloads/ENTREPRENEURSHIP_LAS_2nd-QUARTER-for-printing.pdf...(D Page viewA Read aloudT Add textV DrawY HighlightO Erase12of 293. Changes happening in the environment such as customer demographic, lifestyle, and buying behaviourgives the entrepreneur a better perspective about the market. The entrepreneur should always be keenin adapting to these changes to sustain the business. For example, teens usually follow popularcelebrities especially in their fashion trend. Being able to anticipate these changes allows theentrepreneur to maximize sales potential.A. The competing businesses or competitorsB. Changes happening in the communityC. The economic condition of the countryD. The internal aspect of the business.4. Plant capacity often plays a very important role in forecasting. For example, a “Puto&#34; maker can onlymake 250 pieces of puto every day; therefore he/she can only sell as much as 250 pieces of puto everyday. The number of products manufactured and made depends on the capacity of the plant, availabilityof raw materials and labour and also the number of salespersons determines the amount of revenuesearned by an entrepreneur.A. The competing businesses or competitorsB. Changes happening in the communityC. The economic condition of the countryD. The internal aspect of the business.Activate WindowsGo to Settings to activate Windows.Exercise #2: PROBLEM SOLVING8:04 PMP Type here to searchW27°C RainHi11/23/2021

Accepted Answer

1. Option C
2. Option A
3. Option B
4. Option D