QUESTION

is something people must have for survivalor to strive for a certain necessity.

is simply anything that would satisfy a person’s desire whether necessary or not.

refers to the level of desire or need in particular good or service.

refers to tangible materials in nature such as shoes, shirt, and food, among others

relatively scarce merchandiseor properties having intrinsic value.

in contrast to goods and products, deals with providing laborand physical services to customers in

determine the size, nature, demands, supply, and price of the product to be sold.

analyses the manufacturing process, machinery capacity, design, supply, quantity, labor requiremen

determine the amount of capital needed in operating the business.

is the study of the characteristic of the individual or group of individual in the society as factor

is concerned with the staffing, operating, supervisory, controlling, and evaluating the aspects of the business.

determines the significance of the project which is about to be put up or provide innovation to previous product.

are the characteristics of the business that gives advantage over other businesses of the same nature.

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are the characteristics that post disadvantages on the part of the business compared to other business of the same n

are the external factors that can contribute for the greater profit and sales of the business.

external factors that can bring the business down.

Example of strength

example of weaknesses

Example of opportunities

Example of threats

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ANSWER INCORRECT_ANSWER1

freetext://needs

freetext://wants

freetext://Demands

freetext://goods

freetext://product

freetext://service business

freetext://market feasibility

freetext://technical feasibility

freetext://Financial Feasibility

freetext://socio-economic feasibility

freetext://Management study

freetext://Evaluation of the project study

freetext://strengths

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freetext://Weaknesses

freetext://opportunities

freetext://threats

freetext://Cheap raw material, Available working capital, Available technical expertise (workers/owner), Strong custo

freetext://Poor management, Lack of technical know-how’s of owner and/or manager, Poor management of capital, P

freetext://Product that are not yet available in the market, Increasing costumer demand for the product/service offered

freetext://Rising costs, Shortage of raw materials, Too many competitors, New taxation scheme, Unfavorable governm

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INCORRECT_ANSWER2 INCORRECT_ANSWER3 TIME_LIMIT

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ble technical expertise (workers/owner), Strong customer demand for the product/service, Easy to manage, Small operating expen

wner and/or manager, Poor management of capital, Poor design, Inappropriate size, Poor packaging, Poor marketing strategies, E

ing costumer demand for the product/service offered, Presence of favorable government support for such product/service, Contin

mpetitors, New taxation scheme, Unfavorable government legislation

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ID DO NOT CHANGE

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, Small operating expenses, Small working capital

marketing strategies, Expensive, Low production at a time of peak of popularity of the product

product/service, Continued product development, Scarcity of the product in the locality

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