問題一覧
1
Aims at improving the living standards of nation's citizenry
Economic Development
2
Identify the four elements to achieve economic goals
Human Resources, Natural Resources, Capital Formation, Technology
3
Economic activity of a person who starts, manages and assumes the risk of a business entrepreneur
Entrepreneurship
4
A person who under takes entrepreneurial activities
Entrepreneur
5
Five entrepreneur's task
Products and services for customer and producers, Employment, Taxes, Demand suppliers product and services, Training facilities for future entrepreneur
6
Introduction of a new method, procedure, custom, or device, among others
Innovation
7
Discovery of devising new products and services
Invention
8
Ideas and principles generated from the stage of invention are embodied in concrete products and techniques
Development
9
Actual introduction of a new product or process
Innovation
10
Four stages of new ventures and long term enterprises
Prestart-up stage, Start-up stage, Early growth stage, Late growth stage
11
Have the advantage of switching to another business concept if necessary
Small business
12
Cannot switch to another business concept without spending
Large Business
13
Must develop or grow into a mature and bigger company
New ventures
14
Not dominant it does not control a sizeable share of its market
Small business
15
Give the 2 approach of small business
Market share approach, Total asset approach
16
It is independently owned and operated and is not dominant in its field of operation
Market share approach
17
Having__________ that fall within q certain bracket
Total assets approach
18
Give the 2 business according to size
Public enterprise, Private enterprise
19
Give the 5 priviate business enterprise
Micro business, Cottage business, Small business, Medium business, Large business
20
Involved in the conversation of raw materials into products
Manufacturing
21
6 types of services
Business firm, Personal service, Repair services, Entertainment and recreation, Hotels and motels, Education services
22
Activities of persons or establishment which sell to retailers and other merchants
Wholesaling
23
Cover all activities involved in the sale of goods and/or services to final consumer
Retailing
24
Type of small business that are engaged in the construction of buildings
General construction firms
25
Owner is also the manager
Independent Management
26
give the 3 characteristics of small business
Independent management, Small capital requirement, Mostly local operation
27
Study of moral obligation involving the distinction between right and wrong
Business ethics
28
Give the 4 factors that influence the ethical behavior
Situation, Reward system, individual differences, Other factors
29
Formal document indicating the entrepreneurship adapted principles appreciate behavior
Code of ethics
30
Entrepreneur should provide support for customer rights which as follows (Identify 4)
The right to be safe, The right to be informed, The right to choose, The right to be heard.
31
Two factors that determine the success or failure in entrepreneurship:
Environment, Personality of the entrepreneur
32
Pattern of characteristics that distinguish one person from another
Personality
33
Give the 6 Hollands personality type
Realistic, Investigative, Artistic, Social, Enterprising, Conventional
34
10 characteristics of entrepreneur
Drive, Thinking ability, Human relations ability, Abiility to communicate, Technical knowledge, Reasonable risk-taker, Self-confident, Goal setter, Accountable, Innovative
35
Prefers activities involving aggressive behavior and physical exertion
Realistic
36
Prefers to be analytical, curios, methodical, and precise
Investigative
37
Expressive, non conforming original and introspective
Artistic
38
Enjoys working and helping others
Social
39
Verbal activities to influence others
Enterprising
40
Systematic manipulation of data
Conventional
41
self-motivated
Drive
42
Finds the correct solution to the problems
Thinking ability
43
Ability to understand and understood
Ability to communicate
44
Among the six personality types. What is the most appropriate for entrepreneurial ventures
Enterprising
45
Give the four motivation why people wants to become entrepreneur
Desire to be one's own boss, Desire for financial rewards, Desire to create one's own job security, Desire to improve one's quality of life
46
The economic opportunity which is within the reach of entrepreneurs and will provide a desirable value
Sound business idea
47
Procedure in determining the business sound idea
Sound business idea- Screening- Final selection
48
2 methods of searching for ideas
Unticipated means, Deliberate search
49
This is when the entreprenuer finds business ideas without serious effort.
Unanticipated means
50
This is made to offset the difficulty of ascertaining the exact date when the ideas will come pouring in
Deliberate speach
51
Two types of idea generation
Using search question, Idea prompting
52
Business idea may screened with the use of these four:
Market feasibility, Technical feasibility, Financing feasibility, Financial feasibility
53
ENTREPRENEUR'S TURF (3 steps)
Business Activity - Identify seize opportunity, Assemble resources, Start operation. Competitors Activity - Competitor is unaware, Competitor slowly becomes aware, Competitors becomes fully aware
54
MANAGERS TURF (STEP 4-6)
Business activity- Expand operation, Maximize profit, meet competition Competitors activity- Competitos make decision to operate, Competitors start operation, Competitorsl shares in the industry profit.
55
IASEMM means (6 steps)
Indentify and seize opportunity Assemble resources Start of operation Expand operation Maximize profit Meet competition
56
4 unanticipated means
The persons work, The persons hobbies, The persons acquaintances, A chance event encountered by the person
57
Screening generates ideas
Search for business idea-Screening-Adoption of the selected business idea- Preparation of formal plans
58
Identify organizational culture and creativity
Encouragement of creativity and risk-taking Rewards for creativity Open communication Allowance for errors Climate of participation Structural mechanisms that aid creativity Training in the creative process Flexibility
59
Small business opportunity (4)
Gain control over his/her own destiny Reach his/her own potential Real unlimited profit Make a contribution to society and received recognition for his/her effort