This is defined as the ability of knowing what product or services are needed by people, and provide these things at the right time, the right place, and to the right people at the right price.

• Entrepreneur

• Entrepreneurial

• Entrepreneurship

• Entreprede

• Entrepreneurial Venture

This refers to a group of people or organizations that has an interest on a product or service

• Boutique

• Mall

• Stall

• Store

• Market

What is one way to recognize a potential market?

• Look to your consumers first.

• Analyze the market need and opportunities through its environment.

• Pay attention to your competitors.

• Make sure that the market amplifies your business.

• Decide if you are obsessed with your industry.

What does the French term “entreprede” means?

• "To undertake"

• "enterprise"

• "Business Management"

• "Industry"

• "Entrepreneur"

What do we call a person who manages and organizes a business enterprise?

• Business Owner

• Business Maker

• Manufacturer

• Producer

• Entrepreneur

What macro environment includes living and non-living things around us?

• Economic Environment

• Ecological Environment

• Socio-Cultural Environment

• Technological Environment

• Political Environment

These basically refer to the integrated characteristics of a group of people or ethnic group in a particular society.

• Topographical Forces

• Sociological Forces

• Cultural Forces

• Financial Forces

• Anthropological Forces

Competitiveness of its industries and enterprises also defines this type of environment. What environment is this?

• Economic Environment

• Political Environment

• Ecological Environment

• Technological Environment

• Socio-Cultural Environment

What macro-environment includes the demographic and cultural factors including beliefs, tastes, customs and traditions?

• Economic Environment

• Political Environment

• Ecological Environment

• Technological Environment

• Socio-Cultural Environment

What environment depicts the governance system of an area or the local region of the business enterprise - including laws, rules, and regulations that control their business practices along with permits, approvals, and licenses required to manage a business.

• Economic Environment

• Political Environment

• Ecological Environment

• Technological Environment

• Socio-Cultural Environment