What term is used to describe the action process taken by an entrepreneur towards establishing an enterprise?
Entrepreneurship
What concept focuses on the 'ability' rather than the 'activity' of bringing something new into existence
Creativity
What term describes the process of turning creative ideas into practical and useful applications?
Innovation
What term encompasses activities performed by individuals to generate income and accumulate wealth, including roles like traders, agriculturists, manufacturers, doctors, teachers, and factory laborers?
Economic Activity
Susan thought of making a new style using her old clothes and selling them. What kind of characteristics of entrepreneurship did she use?
Value Creation
After being able to think of Susan's product, she created the brand name for her company. What characteristics of entrepreneurship did he use?
Enterprise Creation
How does being goal-oriented, as opposed to simply ambitious, contribute to maintaining good business habits and dealing with challenges effectively in both the short and long term?
Goal Oriented activity
Even though Joshua knew that there were many buyers at 7 eleven, he still built a sari- sari store in front of it. What characteristic of entrepreneurship is this?
Functionofriskbearing
Ms. Bernardo noticed that there is no printing shop in their neighborhood, so it is difficult for students in their area to print or photocopy their paper works. So, Ms. Bernardo built a computer shop beside their house. What characteristic of entrepreneurship is this?
Gap-filling function
Ms. Kim runs a sushi shop in an area where there are many competitors, but Ms. Kim is the most famous and visited by customers because she offers sushi with a twist like Cheetos, spam and more. What characteristic of entrepreneurship did she use?
Uniqueness
Mark considered creating and selling a trendy pot from bottles he discovered on the streets. What kind of entrepreneurship characteristics did he use?
Value Creation
Ms. Aquino supports her family by selling gowns. But when the pandemic happened, she had to temporarily stop her work. So, she took advantage of the situation to create PPE for hospitals. What kind of entrepreneurship characteristics did she use?
Knowledge based practice
Entrepreneurship is required in all types of businesses, small or big, trading or manufacturing or service industry. What characteristic of entrepreneurship is this?
Essential in every action
When Drucker said, "Entrepreneurship is neither a science nor an art." What characteristic of entrepreneurship is he talking about?
Knowledge based practice
Being a Risk taker is one of the important characteristics that an entrepreneur must have. It is anticipating future problems that may occur and at the same time creating a solution beforehand, to what cluster does this characteristic belong?
Achievement
"Entrepreneurs always do what they say they will do. They always keep their promises, no matter how great the personal sacrifice" Based on the sentence what type of characteristic of entrepreneur is this?
Committed
What term describes the process of converting resources, whether physical like materials or non-physical like time, into something that is perceived as valuable? A Successful Entrepreneur Needs Only Great Ideas.
Value Creation
Which approach does Google use to exemplify the utilization of characteristics and skills of entrepreneurs in its organizational structure, particularly in fostering employee participation and decision-making processes?
Dynamic Leadership
What term describes the process of accumulating wealth through various methods involving financial products, and how does the duration of investment impact potential returns?
Wealth Creator
What crucial step does Ali need to know before negotiating with her boss to take on more job responsibilities, aside from understanding her boss's position?
Interest
What term is used to describe the envisioned future that you aim to create?
Vision
Why is it important for entrepreneurs to talk with industry experts when developing new business concepts?
The industry expert typically provides useful information
"Gawad kalinga building communities wants to end poverty. What kind of statement is this?
Mission
How can we gauge the impact of entrepreneurship on economic statistics, especially in relation to the number of new firms established over a given period, even for businesses that may not strictly align with the entrepreneurial definition?
Number of New Start Up
How does the role of entrepreneurial ventures contribute significantly to job creation, especially in comparison to larger businesses, and why is job creation considered crucial for the long-term economic well-being of communities, regions, and nations?
Job Creation
If her business idea is a boutique, what quality of a future entrepreneur is inappropriate?
relaxed
Which of the following is a primary cause of failure in small businesses
Poor location
In the entrepreneurial world, new ideas and opportunities are evolving. What is the ability to create new things, invest in new enterprises and expand business?
Entrepreneurship
Alvin has transferred to a new locality. He observed that there is an opportunity for him to put up his own business since he has enough capital and very much interested to the idea. Which of these factors must he possess so that he will not rely on the services of the employees?
Knowledge/skills
Which entrepreneurial traits gives an entrepreneur a positive outlook in life which give the energy to pursue his endeavors?
Ambition
Which trait should an entrepreneur able to withstand the troubles that come with a starting business?
Perseverance
Which is considered a vehicle for information target market about the enterprise and the products or services?
Promotional
At the stage of marketing effort does an entrepreneur concentrate on targeting a new market of buyer and talking market share from competitions by price cutting or relaunching the product?
Place
A marketing mix can have both tangible and intangible aspects and is the thing you offer to satisfy your customer's wants and needs is
Product
The acronym SWOT stands for
Strengths-Weaknesses-Opportunities-Threats
Which is considered as a comprehensive and effective blueprint to guide an entrepreneur in a business venture?
Business plan
It is a process of creating changing, experimenting, transforming, and revolutionizing It is one of the key distinguishing characteristics of entrepreneurial activity.
Innovation
It is vital to the overall long-term economic health of communities, regions, and nations
Job creation
it is the ability to bring something new into existence.
Creativity
it is an inherent and inseparable element of entrepreneurship. An entrepreneur works under uncertainties, and he assumes the uncertainty of the future in the pursuit of profit, there is also the possibility of loss also