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- What are you to do as a budding entrepreneur in the following situations? 1. Iverson loves arts and crafts. With this in mind, he is contemplating doing a business out of his hobby and skills. What are some of the risks that he has to face? Give 1-2 examples 2. In their family business, Carla takes charge of getting more sales for the company and providing excellent customer service. One time, a new customer argued via private message, saying that she did not like how the sauce of the marinara was too sour for their family’s liking and added they prefer a sweeter one. How does Carla respond? 3. Jaymee and Jewelle saw an opportunity this pandemic to create DIY phone cases and introduce them via online means. What are some things you could do to make your product What are some things you could do to make your product become salable.? Give 1-2 examples1. _____ nurture young firms and help them to survive and grow during the startup period when they are most vulnerable. a. Successful graduates b. Business incubators c. International trade organizations d. Conglomerates 2. Which of the following best describes one of the contributions of small businesses? a. They are sources of new ideas or services that larger businesses may be unable to provide. b. They provide large capital gains to the owners. c. Their products and services are sold at prices that are lower than large businesses' prices. d. They provide economies of scale that large businesses cannot match. 3. Most creative entrepreneurs are very good managers. a. True b. False 4. An entrepreneurial venture is characterized by: a. innovative strategic practices and/or products. b. independent ownership and operation and no desire for dominance in its field. c. no scope of growing large, and the owners…Why do people choose to be entrepreneurs ? A. The challenge, they hate working for other people, they see no other choice. B. They want to be their own boss, they don't want to pay taxes to the Government and they like the flexibility of working for themselves. C. The challenge, profit potential, personal satisfaction, and conventional paths to success are blocked. D. None of the above.
- a. There is a new University built in your area. Write down six (6) opportunities you can take as an Entrepreneur to serve this University community to generate impressive wealth. b. Choose one of those opportunities you have identified in (1a) and write a business plan as an Entrepreneur for financial support from an investor1.Why do you think Entrepreneurship is a science?provide example/ scenario that will support your answer.minimum of 100 words. 2.Why do you think Entrepreneurship is an art? Provide exampla/scenario that will support you answer.minimum of 100 words. 3.What are the Advantages and Disadvantages of venturing in entrepreneurship rather than becoming a business manager (Employed)? Provide atleast 3 each & explain each Advantages and Disadvantages.What would be the impact of continuous conflict and differences in opinions among owners in a business? a. Business might not continue b. Business might have more branches c. Business might merge with another company d. Business might become diversified
- Which of the following is NOT true about an Entrepreneur? a. Wants to work under others b .Looks for high achievements c .Has skill for creativity and innovation d .Takes Initiative Which of the following is correct statement a .Entrepreneurs need high level of motivation b .Competitors can be the biggest source of new ideas c .It’s easy to become entrepreneur d .All ideas are good business opportunitiesWho among the following is the most successful entrepreneur? Choose at least two number. Explain why. 1. A 35 year-old farmer who has owned a two hectare pineapple plantation for 10 years, makes just enough to get by, but loves what he is doing, and calls everyone in the barangay a friend. 2. A 30 year-old CEO of a software firm who works 70 hours a week, stays stressed, never sees his family, but makes five million pesos in revenue per year. 3. A 35 year-old single mom who makes money online with internets, and gets to spend all the time she wants with her kids. 4. A 22 year-old college dropout who created a few websites that he manages a few hours per week and now makes enough to travel the world, spends time with friends and family, and pursues his favorite hobbies.Enterprise refers to an object which means a. Company b. Firm c. Business d. All of the given options The largest source for new ideas is the entrepreneur own a. Hobbies b. Interests c. Research and Development d. Personal experience Which of the following is NOT true about an Entrepreneur? a. Wants to work under others b. Looks for high achievements c. Has skill for creativity and innovation d. Takes Initiative
- An individual’s desire to create a new business isreferred to asa. the entrepreneurial spirit.b. the desire for ownership.c. self-determination.d. self-evaluation.e. the laissez-faire spiritIn the past, company loyalty and the ability to assume increasing job responsibility usually ensured advance-ment within an organization. While the reasons for seeking advancement (the desire for a better-paying position, moreprestige, and job satisfaction) have not changed, the qualifications for career advancement have. In today’s businessenvironment, climbing the corporate ladder requires pack- aging and marketing yourself. To be promoted within yourcompany or to be considered for employment with another company, it is wise to improve your skills continually. Bytaking workshops and seminars or enrolling in community college courses, you can keep up with the changing technol- ogy in your industry. Networking with people in your business or community can help you to find a new job. Most jobs are filled through personal contacts, proving that who you know can be important. A list of your accomplishments on the job can reveal your strengths and weaknesses. Setting goals for improvement…Salim would like to set up a business. But his dad advised him to look for a job. What benefit Salim can have if he establishes a business rather than getting a job? a. Will have to face the risks of losing money. b. Will have chance to make an unlimited profit. c. Will have no chance to be creative and innovative. d. All the statements are correct.
