ENTREP REVIEWER

62問 • 1年前

問題一覧

Entrepreneurs are:

• Innovators - An entrepreneur notices a gap in the market for sustainable travel options and establishes a company specializing in eco-friendly tours. • independent thinkers • has the initiative • has proper perspective • management skills • Knowledge to harness resources • Risk taker - An entrepreneur decides to invest in a new adventure tourism activity, despite knowing there are risks involved due to the uncertain market demand and regulatory challenges. • Desire to have competitive edge • Optimists • Confident • Knowledge on management concepts and techniques

2. Entrepreneurs process market information

• Have keen eyes on the market scene. • Constantly on the watch for any possible information that may prove vital

3. Entrepreneurs provide leadership

• Leadership is a crucial part of the entrepreneur / is essential for entrepreneurs to fulfill within their ventures • He has to organize and consolidate all the factors to succeed. • is essential for entrepreneurs to fulfill within their ventures?

originated from the French word entreprende, which means “to undertake”.

Entrepreneur

• A vision-driven individual who assumes significant personal and financial risk to start or expand a business.

entrepreneur

• A vision-driven individual who assumes significant personal and financial risk to start or expand a business.

entrepreneur

• The person behind entrepreneurship

entrepreneur

• He or she possesses certain characteristics and different traits which make him unique.

entrepreneur

5. Entrepreneurs establish new ventures and improve existing ones. What perception is attached to Anna, the bakery owner?

a. Maria is known for her innovative and entrepreneurial spirit.

6. Entrepreneurs identify opportunities in the market. What must an entrepreneur like Anna do to identify these opportunities?

b. One must be observant to actively seek them out.

7. Entrepreneurs apply their expertise. What should Anna, as an entrepreneur, do to utilize her expertise effectively?

a. Able to identify the area where they are good.

8. Demographic diversity in the Philippines can be viewed as an opportunity for entrepreneurs in the hospitality industry, thus attracting a broader customer base.

true

8. Demographic diversity in the Philippines can be viewed as an opportunity for entrepreneurs in the hospitality industry, thus attracting a broader customer base.

true

9. One of the challenges that entrepreneurs in the hospitality industry may face due to demographic diversity in the Philippines, …….

true— is difficulty in targeting specific market segments effectively.

10. In a bustling city in the Philippines, a young entrepreneur decides to open a boutique hotel. The impact in this entrepreneurial venture have on the local economy, is a ‘reduction in income inequality’.

true — reduction in income inequality

11. A successful entrepreneur in the Philippines opens a chain of restaurants, offering unique culinary experiences. This entrepreneurship promotes _____

true - economic resilience.

12. Philippines is considered an attractive destination for setting up hotels and resorts, as it offers a large pool of English-speaking, trainable labor.

true - large pool of English-speaking, trainable labor.

13. A luxury hotel chain is considering opening a new branch in the Philippines. They are attracted by the prospect of ‘a ___________

true “ skilled, trainable, and cost-effective labor force.’ “

14. A resort in the Philippines wants to source locally for its restaurant, focusing on agricultural products. Since Philippines is known for exporting agricultural products.

true

15. A multinational hotel group is looking to invest in the Philippines and is interested in the country's industrial sector. Since the Philippines is exporting competitive, higher-value-added industrial products.

true — exporting competitive, higher-value-added industrial products.

16. The primary purpose of a business plan is to detail the company's goals and strategies

true — company's goals and strategies

17. A business plan:

• can benefit both startups and well-established companies • considered essential for startups to win over potential lenders and investors • offers to established businesses to provide a roadmap for achieving long-term goals • enables entrepreneurs to think through ideas before investing too much money. • keeps a company's executive team aligned, by providing strategic action items and priorities.

18. Sarah is excited about her idea of starting a small bakery in her neighborhood. She has been experimenting with recipes for months and feels confident in her baking skills. Before diving into this venture, she decides to seek advice from a business consultant. The consultant emphasizes the importance of having a well-thought-out business plan in place before starting operations. Sarah listens carefully, knowing that having a plan can:

c. Increase the likelihood of achieving viability for her bakery.

19. After diligently following its business plan, D&J Company Ltd. finds itself struggling to achieve the projected growth targets. What could be a possible reason for its setbacks?

d. The markets and economy shifted unexpectedly.

20. Despite meticulously crafting its business plan, CloudyBeets Company faces stiff competition as a rival introduces a groundbreaking product. What factor could have contributed to this challenge?

b. Introduction of a revolutionary product by a competitor.

21. Shine Company fails to meet its revenue projections despite adhering closely to its business plan. What could be a plausible explanation for this outcome?

a. Fluctuations in consumer preferences were unforeseeable.

22. One of the factors that influences the frequency of updating a business plan, is the size of the business

true

23. Significant changes in the market or industry in a new or fast-growing business and competitive market, may result in frequent updates in business plans.

true

31. Entrepreneurship may not necessarily involve engaging in large-scale corporate enterprises

true

32. The core concept of entrepreneurship includes acknowledging financial, psychological, and social risks.

true

33. Entrepreneurs are inherently risk-takers, often embracing uncertainty and volatility in their ventures.

false

34. An entrepreneur is solely responsible for recognizing opportunities and taking action on them.

true

35. All entrepreneurs do not possess the same set of characteristics and traits that make them unique

true

36. Entrepreneurs typically find greater satisfaction in working on businesses they own.

true

37. Having a monomaniacal focus, as suggested by ______, is considered a desirable trait as one of the characteristics of an entrepreneur.

true — Warren Avis

MYTHS ABOUT ENTRPRENEURS

1. Born 2. Super human 3. Inventors 4. Inherit business traits 5. Possess a definite characteristic profile 6. Men are better entrepreneur (gender-difference myth) ** 7. Academic and social misfit 8. Gamblers and risk takers 9. Luck and money are the only things needed 10. Experience a lot of failure

business plan is a document that details a company's goals and how it intends to achieve them.

true

43. A business plan for ______ can be essential for winning over potential lenders and investors. While ______ can find one useful for staying on track and not losing sight of their goals.

startups and established

44. Any new business should have a business plan in place prior to beginning operations.

true

a _____ business might want to review its plan once a year and make changes if necessary

well-established

brand-new company may utilize lean startup business plan to give a quick explanation of its business.

true

47. One of the reasons a business plan fails, is that it may have been unrealistic in its assumptions and projections to begin with.

true

A Markets and the overall economy might change in ways that couldn't have been foreseen may result to business plan failure

true

In a bustling city in the Philippines, a young entrepreneur decides to open a boutique hotel. What impact could this entrepreneurial venture have on the local economy?

Reduction in income inequality

The Philippines has a small, insignificant labor force with limited skills.

False

A successful entrepreneur in the Philippines opens a chain of restaurants, offering unique culinary experiences. How does this entrepreneurship contribute to the country's economic development?

Promotes economic resilience

How can demographic diversity in the Philippines be viewed as an opportunity for entrepreneurs in the hospitality industry?

It can attract a broader customer base.

A luxury hotel chain is considering opening a new branch in the Philippines. They are attracted by the prospect of an abundant and skilled labor force. Which of the following statements best aligns with this scenario?

The Philippines has a skilled, trainable, and cost-effective labor force.

Entrepreneurs in the hospitality industry in the Philippines don't need to worry about cultural sensitivity because tourists are expected to adapt to the local culture.

False

A resort in the Philippines wants to source locally for its restaurant, focusing on agricultural products. Which statement is most accurate?

The Philippines is known for exporting agricultural products.

The demographic diversity in the Philippines simplifies market segmentation for entrepreneurs in the hospitality industry.

False

A multinational hotel group is looking to invest in the Philippines and is interested in the country's industrial sector. What can they expect?

The Philippines is successfully exporting competitive, higher-value-added industrial products.

What is one of the challenges that entrepreneurs in the hospitality industry may face due to demographic diversity in the Philippines?

Difficulty in targeting specific market segments effectively.

An entrepreneur notices a gap in the market for sustainable travel options and establishes a company specializing in ecofriendly tours.

Innovation

An entrepreneur decides to invest in a new adventure tourism activity, despite knowing there are risks involved due to the uncertain market demand and regulatory challenges.

Risk Taker

The word entrepreneur originated from the French word

entreprende

entreprende means

to undertake

An entrepreneur in the tourism industry constantly monitors customer feedback, market trends, and competitor strategies to adapt and improve his tour packages accordingly.

Entrepreneurs process market information • Have keen eyes on the market scene. • Constantly on the watch for any possible information that may prove vital

The demographic diversity in the Philippines

located in Southeast Asia, consisting of over 7,000 islands population of approximately 113 million people, making it one of the most densely populated countries in the world.

is what entrepreneurs actually does

entrepreneurship

is the approach

entrepreneurial

where the venturers are engage in

entrepreneurial process

MULTICULTURAL

rhyzza sanpedro · 135問 · 3年前

MULTICULTURAL