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ENTREP (MIDTERM2) - Quiz
Contributed by: Banog
  • 1. A resort identifies high operational costs due to staff salaries and maintenance. Which component is being analyzed?
A) Channels
B) Value proposition
C) Cost Structure
D) Customer Segments
  • 2. A tour company uses social media platforms and online booking apps to reach international clients.
    This action mainly represents:
A) Cost structure
B) Key resources
C) Value proposition
D) Channels
  • 3. A hospitality startup earns income from room bookings, guided tours, and food services. This reflects:
A) Key activities
B) Cost structure
C) Revenue streams
D) Customer relationships
  • 4. A tourism business integrates all elements such as value, customers, and revenue into one coherent plan. This reflects:
A) Business model development
B) Operational planning
C) Market segmentation
D) Cost minimization
  • 5. A travel company enhances its offering by bundling services to create a unique experience compared to competitors. What does this improve?
A) Value proposition
B) Key partnerships
C) Cost structure
D) Revenue streams
  • 6. A business redesigns its model after discovering that its pricing does not match customer expectations. Which element is being adjusted?
A) Customer segments
B) Key activities
C) Revenue streams
D) Channels
  • 7. A student proposes a tourism business but fails to define who the customers are. Which component is missing?
A) Cost structure
B) Customer segments
C) Channels
D) Key activities
  • 8. A tourism startup aligns its target market, services, operations, and revenue sources before launching. What concept is demonstrated?
A) Financial forecasting
B) Creative thinking
C) Market observation
D) Integrated business model design
  • 9. A tourism entrepreneur develops a package that combines transportation, accommodation, and guided tours into one service to improve convenience for travelers. Which business model component is primarily strengthened?
A) Customer relationships
B) Key partnerships
C) Cost structure
D) Value proposition
  • 10. A resort targets digital nomads by offering long-stay packages with workspace amenities and high-speed internet. Which element of the business model is being refined?
A) Key activities
B) Revenue streams
C) Channels
D) Customer segments
  • 11. A tourism venture focuses on hiring trained guides and acquiring boats to operate tours. This refers to:
A) Channels
B) Key resources
C) Cost structure
D) Revenue streams
  • 12. A tour operator identifies young budget travelers as its primary market before designing services.
    Which component is addressed first?
A) Customer segments
B) Value proposition
C) Revenue streams
D) Key resources
  • 13. It describes how a business creates, delivers, and captures value.
A) Business model
B) Business plan
C) Business strategy
  • 14. What are you offering?
A) Deliver
B) Create
C) Capture
  • 15. How do you provide it?
A) Capture
B) Deliver
C) Create
  • 16. How do you earn profit?
A) Deliver
B) Create
C) Capture
  • 17. Avoids failure due to poor logic.
A) Strategic Planning
B) Differentiation
C) Sustainability
  • 18. Why should a traveler choose you?
A) Differentiation
B) Strategic Planning
C) Sustainability
  • 19. Ensures long-term profitability
A) Sustainability
B) Differentiation
C) Strategic planning
  • 20. Your unique selling point (e.g., Eco-friendly).
A) Value Proposition
B) Customer segment
C) Channels
  • 21. Your target audience (e.g., Backpackers).
A) Customer Segments
B) Value Proposition
C) Channel
  • 22. How you reach them (e.g., Instagram, OTAs).
A) Value proposition
B) Channels
C) Customer relationship
D) Customer Segments
  • 23. How you retain them (e.g., Loyalty programs).
A) Customer relationship
B) Value proposition
C) Channels
D) Customer segments
  • 24. Your income sources (e.g., Tour fees).
A) Key partnerships
B) Cost Structure
C) Key activities
D) Revenue Streams
  • 25. Assets required (e.g., Boats, staff).
A) Cost structure
B) Key activities
C) Key Resources
  • 26. Vital operations (e.g., Marketing).
A) Key activities
B) Key partnerships
C) Key resources
  • 27. Strategic allies (e.g., Local hotels).
A) Key resources
B) Key activities
C) Key partnerships
  • 28. Major expenses (e.g., Salaries, fuel).
A) Key activities
B) Cost structure
C) Key resources
  • 29. Affordable, safe, and curated island tours
A) Value proposition
B) Revenue
C) Key partners
  • 30. Certified guides, licensed vessels
A) Key resources
B) Revenue
C) Key activities
  • 31. Local vendors, transportation providers
A) Value proposition
B) Resources
C) Key partnerships
  • 32. Direct tour fees & add-on equipment rental
A) Key resources
B) Key partnerships
C) Revenue
  • 33. Be specific
A) Differentiation
B) Revenue
C) Target Market
  • 34. Be realistic
A) Differentiation
B) Revenue
C) Target market
  • 35. Be unique
A) Target market
B) Differentiation
C) Revenue
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