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Question 1

vital functions of becoming an entrepreneur

Answer 1

undertake effective planning , organizing , making wise decisions , managing , and innovating

Question 2

putting up enterprises or business ventures

Answer 2

undertake effective planning

Question 3

to coordinate , assemble , and supervise

Answer 3

organizing

Question 4

minimize the risks

Answer 4

making wise decisions

Question 5

giving proper instructions

Answer 5

managing

Question 6

creation and promotion of new products

Answer 6

innovating

Question 7

are individuals who venture into business or enterprise

Answer 7

entrepreneurs

Question 8

basic qualities to prepare in becoming a potential future entrepreneur

Answer 8

virtuous , self discipline , professional , competitive , hardworking , self - confident , foresighted , goal oriented , profit oriented , and adaptable

Question 9

means being honest and having values

Answer 9

virtous

Question 10

manage their emotions properly

Answer 10

self disciplined

Question 11

hardworking and punctual

Answer 11

professional

Question 12

crucial in attaining

Answer 12

competitive

Question 13

extra effort and time

Answer 13

hardworking

Question 14

believing in oneself

Answer 14

self-confident

Question 15

creates business and jobs for the future of their children

Answer 15

foresighted

Question 16

good in setting realistic targets

Answer 16

goal oriented

Question 17

manage their profit

Answer 17

profit oriented

Question 18

failures and uncertainties

Answer 18

adaptable

Question 19

personal entrepreneurial competencies (PECS)

Answer 19

are desirable qualities that entrepreneurs post possess

Question 20

reference in undertaking entrepreneurship

Answer 20

resources are moveable , put in extra capital in potential projects , success in other community members is acknowledge rather than belittled , can accept change positively

Question 21

types of entrepreneurs

Answer 21

self-employed , opportunists , acquirer’s, speculators , and franchise

Question 22

do all the work themselves

Answer 22

self employed

Question 23

look for oppurtunities

Answer 23

opportunists

Question 24

are good in taking over business enterprise

Answer 24

acquirers

Question 25

buy a product and resell it

Answer 25

speculators

Question 26

start an enterprise for a widely known product

Answer 26

franchisees

Question 27

forces influencing business environment

Answer 27

demographical factor , economical , geographical and ecological , social and cultural , political and legal , and technological

Question 28

a basic process in in knowing the human population

Answer 28

demograhical factor

Question 29

cannot be controlled

Answer 29

economical

Question 30

two types of economical factors

Answer 30

economic level , competitive forces

Question 31

affects the nature and types of industries or business that can be established

Answer 31

geographical and ecological

Question 32

in compliance with the social , cultural attitudes

Answer 32

social and cultural environment

Question 33

any business has to follow legal systems

Answer 33

political and legal environemnt

Question 34

cope with the rapid advancement of technology

Answer 34

technological environment

Question 35

four basic variables that serve as a guide on selli g

Answer 35

product , price , promotion , and place

Question 36

recommended strategies in selling

Answer 36

understand ur product , show and tell , know your potential customers , obtain/take referrals , and price competitively

Question 37

know what ur selling

Answer 37

understand and know ur product

Question 38

see the actual product and experience itself

Answer 38

show and tell

Question 39

readily identify their needs and preferences

Answer 39

know your potential customers

Question 40

maintaining ur old customers

Answer 40

obtain/take referrals

Question 41

pricing determines the success of ur business

Answer 41

price competitively

Question 42

two types of marketing mix

Answer 42

product marketing mix and service marketing mix

Question 43

is mainly used in the case of tangible goods

Answer 43

product marketing mic

Question 44

has three variables that play a critical role in marketing

Answer 44

service marketing mix

Question 45

is the good service that satisfy the needs

Answer 45

product

Question 46

the cost of the product

Answer 46

price

Question 47

publicizing a product

Answer 47

promotion

Question 48

is where selling and buying the product

Answer 48

place

Question 49

are frontliners in service provision

Answer 49

people

Question 50

looks at the system , procedures, and logistics employes to provide the service

Answer 50

process

Question 51

is where the service is being [provided

Answer 51

physical evidence

Question 52

swot stands for

Answer 52

strengths , weaknesses , opportunities, and threats that affect the business0

Question 53

internal (2)

Answer 53

strengths and weakness

Question 54

is the key to determine swot

Answer 54

business environment

Question 55

makes the tasks of managers easier

Answer 55

environment analysis

Question 56

is a set of activities that include promoting , advertising and etc

Answer 56

marketing