ENTREP - MODULE 2

It is the process of considering, evaluating, and pursuing market-based

activities that are believed to be advantageous for the firm.

• Opportunity seeking

• Opportunity seizing

• Opportunity screening

• Sources of opportunity

This is essential to opportunity seeking which allows the entrepreneur to see

things in a positive and optimistic light in the midst of crisis or difficult

situations.

• Entrepreneurial mind frame

• Entrepreneurial gut game

• Entrepreneurial heart flame

• Entrepreneurial heart frame

It is the ability of entrepreneur that can sense without using the five senses,

also known as intuition.

• Entrepreneurial mind frame

• Entrepreneurial gut game

• Entrepreneurial heart flame

• Entrepreneurial heart flame

One of the essentials of entrepreneur’s opportunity seeking that refers to the

driven passion of an individual.

• Entrepreneurial mind frame

• Entrepreneurial gut game

• Entrepreneurial heart flame

• Entrepreneurial heart frame

What variable of societal environment includes income level and employment

rate?

• Economic forces

• Sociocultural forces

• Political forces

• Technological forces

Which of the following good sources of entrepreneurial ideas determine the

interest, hobbies and preferences of people.

• Changes in the environment

• Technological discovery

• People’s interest

• Past experiences

Societal environment includes the following, except:

• Economic forces

• Sociocultural forces

• Political forces

• Natural resources

Which among the following is the result of identifying entrepreneurial

opportunities?

• Creation of entrepreneurial ideas

• Opening of entrepreneurial venture

• Sources of opportunity

• Entrepreneurial process

What entrepreneurial idea will you recognized, if you consider the new

discovery and advancement of technology as source of opportunity?

• Changes in the environment

• Technological discovery and advancement

• Government’s thrust, programs, and policies

• Government’s thrust, programs, and policies

Source of entrepreneurial idea where expertise and skills developeb by a

person from its previous work can lead to the opening of a related business

enterprise.

• Government’s thrust, programs, and policies

• Past experiences

• People’s interests

• Technological discovery and advancement