4th QT Review

It is the creation of products and services by developing and using resources to meet people's needs.

• Business

• Entrepreneurship

• Entrepreneur

In what way does entrepreneurship follow a logical and organized process and employ knowledge and skills to come up with products and services?

• As a Process

• As an Art

• As a Science

In what way does entrepreneurship identify opportunities, allocates resources, and creates values for goods or services produced?

• As a Process

• As an Art

• As a Science

These are also known as factors of production.

• Business Resources

• Products

• Services

This is one of the business resources that refers to time, money, property, and facilities.

• Natural Resources

• Non-human Resources

• Human Resources

This is an individual who is highly enterprising and can see and evaluate business opportunities, gathers necessary resources, and takes advantage and evaluates appropriate actions to ensure the success of a business enterprise

• Entrepreneur

• Entrepreneurship

• Workers

It is a quality of an entrepreneur who does not stop taking action until problems.

• Optimistic

• Persistent

• Resilient

It is a quality of an entrepreneur who takes the responsibility for getting things done.

• Responsible

• Team Player

• Proactive

It is a quality of an entrepreneur who adjusts to the changing demands of his or her customers.

• Communicates Well

• Professional

• Flexible

It is a quality of an entrepreneur who has in mind his or her goals and achieves the desired outcomes.

• Optimistic

• Results-Oriented

• Team Player