an entrepreneur must be firm in making decisions.

This allows the entrepreneur to see things in a very positive and optimistic way in the midst of difficult situation.

The entrepreneur needs to gamble but wise enough to offset the risk.

they have the courage to pursue their business ideas.

meaning he will pursue things to get done regardless of challenges.

which include political, climate, legal system, economic and social conditions and market situations

Entrepreneurship is an economic activity because it involves the creation and operation of an enterprise with a view to creating value or wealth by ensuring optimum utilization of limited resources.

5 Career opportunities of entrepreneurship

They are those who always make new things by thinking of new ideas. They have the ability to think newer, better and more economical ideas.

such as minerals, forests, water, and fertile land that occur in nature and can be used for economic gain.

When a company presents a product or service in a way that is different from the competitors, they are said to be "positioning" it.

They are those who initiate changes and drive social innovation and transformation in the various fields such as education, health, human rights, environment and enterprise development

refers to any goods or services that are produced to meet the consumers' wants, tastes and preferences. An example of goods includes tires, MP3 players, clothing and etc. Goods can be categorized into business goods or consumer goods. A buyer of consumer goods may not have thorough knowledge of the goods he buys and uses. An example of services includes hair salons and accounting firms. Services can be divided into consumer services, such as hair styling or professional services, such as engineering and accounting

an entrepreneur must have the charisma to be obeyed by his employees

13)The place occupied by products in the heart and minds of the consumers. a. Branding b. Positioning c. Goods d. Place

Entrepreneur's driven passion, they are attracted to discover satisfaction in the act and process of discovery.

The entrepreneur can be compensated by his profit coming from the operation.

12) Where your product or service is actually sold. a. Place b. Brand Name c. Servicest d. Promotion

In the narrowest sense, price is the value of money in exchange for a product or service. Generally speaking, the price is the amount or value that a customer gives up to enjoy the benefits of having or using a product or service. One example of a pricing strategy is the penetration pricing. It is when the price charged for products and services is set artificially low in order to gain market share. Once this is attained, the price can be higher than before. For example, if you are going to open a Beauty Salon, you need to set your prices lower than those of your competitors so that you can penetrate the market. If you already have a good number of market share then you can slowly increase your price.

represents the location where the buyer and seller exchange goods or services. It is also called as the distribution channel. It can include any physical store as well as virtual stores or online shops on the Internet.

Your team, a staff that makes it happen for you, your audience, and your advertisers are the people in marketing. This consists of each person who is involved in the product or service whether directly or indirectly.

9) How a business creates awareness in the market? a. Place b. Brand Name c. Services d. Promotion

7 Common Competencies in Entrepreneurship

14)A name, symbol, or other feature that distinguishes a seller's goods or services in the marketplace. a. Brand Name b. Positioning c. Branding d. Place

7) A marketing model that modifies the 4Ps model. a. Packaging b. 7 P's Model c. Marketing Mix d. People

3) An item that is produced to satisfy the needs of a certain group of people. a. Price b. Marketing Mix c. Product d. Packaging

includes all the laws, rules, and regulations that govern business practices as well as the permits, approvals, and licenses necessary to operate the business.

They are those who lives on the labor of others. They are die-hard conservatives even ready to suffer the loss of business.

5) It can be intangible or tangible as it can be in the form of services or goods. a. Price b. Marketing Mix c. Product d. Packaging

the entrepreneur being expert in the field, he can be employed as business reporter.

11) The ultimate marketing strategy. a. 7 P's Model b. Marketing Mix c. People d. Branding

the weather conditions.

10)It is intangible. Its example includes hair salons and accounting firms a.Place b. Brand Name c. Services d. Promotion

1.) It is a set of controllable and interrelated variables composed of product, place, price and promotions that a company assembles to satisfy a target group better than its competitor. a. Price b. Marketing Mix c. Product d. Packaging

an entrepreneur must have a convincing power.

with the expertise of in the field of entrepreneurship, he can be a very good source of advices to other entrepreneurs and would be business man.

The word "entrepreneur" was derived from the French verb

This refers to the ability of the entrepreneur of being intuitive. This also known as intuition.

means that he can entice people to buy even if they don't.

What are the 7 factors that effect entrepreneurship

Entrepreneurs constantly look for new ideas, thus he needs to be creative

such as income level and employment rate

a graduate of an entrepreneurship can use his knowledge in teaching

They are skeptical about changes to be made in the organization. They don't initiate but follow only after they are satisfied

2) The amount that a customer pays for to enjoy it. a. Price b. Marketing Mix c. Product d. Packaging

controlling a situation by making things to happen or by preparing for possible future problems

the entrepreneur can be employed as researcher by an enterprise.

is a set of controllable and connected variables that a company gather to satisfy a customer better than its competitor. It is also known as the “Ps” in marketing.

4) It is a tangible product. It's example includes tires, MP3 players, clothing and etc. a. Branding b. Positioning c. Goods d. Place

includes all mammals, birds, reptiles, fish, etc., that live in the wild.

is a silent hero in the marketing world. Packaging refers to the outside appearance of a product and how it is presented to the customers. The best packaging should be attractive enough and cost efficient for the customers. Packaging is highly functional. It is for protection, containment, information, utility of use and promotion.

New inventions and technology innovations.

refers to the complete set of activities, which communicate the product, brand or service to the user. The idea is to attract people to buy your product over others. Advertising, Personal Selling, Sales Promotion, Direct Marketing, and Social Media are examples of promotion.

6) The way your product or service appears from the outside. a. Price b. Marketing Mix c. Product d. Packaging

They are those who don't create new things but only follow the ideas of other entrepreneurs.

which means he can retain good relations with other people.

4 Core Competencies in Entrepreneurship

The industry environment of the business includes:

customs, lifestyles and values that characterize a society.

which means he can classify opportunities and seize it.

5 Types of entrepreneur

The enterprise is created by an entrepreneur and the process is called

15)A powerful and sustainable high-level marketing strategy used to create or influence a brand. a. Brand Name b. Positioning c. Branding d. Place

8) Responsible for every element of your sales, marketing strategies, and activities. a. Packaging b. 7 P's Model c. Marketing Mix d. People

enterprendre, which means

the entrepreneurs have big business ideas and they do not stop improving and thinking of new worthwhile ideas for their business.

which means doing things even before being told.

which means that he is willing to gamble but he will calculate it first

the entrepreneurship graduate can apply as salesman.

an entrepreneur must have the ability to be the first tosee business chances.

Entrepreneurial ideas arise when changes happen in the external environment. A person with an entrepreneurial drive views these changes positively. External environment refers to the physical environment, societal environment, and industry environment where the business operates.

meaning he makes plan before doing things and do not fail to monitor it.