EPP TEST REVIEWED
QUESTIONS AND
ANSWERS GRADED A+
2025-2026
These referred to as goods, commodities or merchandise. - ANS-Products
Activities or process provided for using skills and knowledge. - ANS-Services
example for service Provided for customer. - ANS-Car wash
Refers to identified customers who will buy particular product in the community. -
ANS-Target market
Refers to an example of product. - ANS-Car
It refers to something that is extremely necessary for a person to survive. - ANS-Need
It refers to something that is tangible and can be preserved, inspected or sampled
before customers buys it. - ANS-Product
It refers to something that a person desires either immediately or in the future. - ANS-
Want
, It refers to something that is intangible but an activity or process that can be
experienced. - ANS-Services
It refers to building up trust and reliability with customers for the business to grow
successfully. - ANS-Relationship
One of the major technological advancements where you can easily access almost
everything you want to and do something in a few seconds. - ANS-Internet
Observing, examining, studying the community and what goes on in a business. - ANS-
Environmental scanning
Asking people personally what they need most as one way of identifying profitable
business. - ANS-Personal or group interviews
IT refers to observing what people are buying everday - ANS-Market survey
The main purpose of any business idea that should be met. - ANS-Needs and wants
It refers to exchanging good with money. - ANS-Selling
It is the amount earned after deducting expenses. - ANS-Profit
It tells the customer how much the product costs. - ANS-Price tag
It referred to as the amount earned selling products - ANS-Sales
It is used to enclosed and protect the product - ANS-Package
It refers to web address of your online business to allow customers and visitors to
locate your site on the internet. - ANS-Domain name
QUESTIONS AND
ANSWERS GRADED A+
2025-2026
These referred to as goods, commodities or merchandise. - ANS-Products
Activities or process provided for using skills and knowledge. - ANS-Services
example for service Provided for customer. - ANS-Car wash
Refers to identified customers who will buy particular product in the community. -
ANS-Target market
Refers to an example of product. - ANS-Car
It refers to something that is extremely necessary for a person to survive. - ANS-Need
It refers to something that is tangible and can be preserved, inspected or sampled
before customers buys it. - ANS-Product
It refers to something that a person desires either immediately or in the future. - ANS-
Want
, It refers to something that is intangible but an activity or process that can be
experienced. - ANS-Services
It refers to building up trust and reliability with customers for the business to grow
successfully. - ANS-Relationship
One of the major technological advancements where you can easily access almost
everything you want to and do something in a few seconds. - ANS-Internet
Observing, examining, studying the community and what goes on in a business. - ANS-
Environmental scanning
Asking people personally what they need most as one way of identifying profitable
business. - ANS-Personal or group interviews
IT refers to observing what people are buying everday - ANS-Market survey
The main purpose of any business idea that should be met. - ANS-Needs and wants
It refers to exchanging good with money. - ANS-Selling
It is the amount earned after deducting expenses. - ANS-Profit
It tells the customer how much the product costs. - ANS-Price tag
It referred to as the amount earned selling products - ANS-Sales
It is used to enclosed and protect the product - ANS-Package
It refers to web address of your online business to allow customers and visitors to
locate your site on the internet. - ANS-Domain name
