which is NOT TRUE about locus of control competency?

People with a strong external locus of control tend to praise external factors for what happens to them in their life.

must know how to determine the state to which a person agreed that their action can directly affect a situation or that they can control a result.

a person’s locus can be internal and external

Those who have a strong internal locus of control believe that things in their life primarily happen because of their own actions

People with a strong external locus of control tend to blame or praise external factors for what happens to them in their life.

Core competency: Has a sharp eye for opportunities

have a talent for recognizing and assessing an opportunity and decide intelligently if a venture should be considered or not.

Relationship management is the key to employee and customer retention, which can be achieved by a sociable entrepreneur.

always make decisions about their business, and they base their decisions on scientific calculations backed up by their experience and technical knowledge.

Entrepreneur's minds should have a balance between the analytical and the creative side.

Core competency: Sociable

Relationship management is the key to employee and customer retention, which can be achieved by a sociable entrepreneur.

They do not stop improving and thinking of new and worthwhile ideas that can add value to their existing business that could become a game-changer in the industry where they belong.

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

Core competency: Decisive

always make decisions about their business, and they base their decisions on scientific calculations backed up by their experience and technical knowledge.

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

Entrepreneur's minds should have a balance between the analytical and the creative side.

Core Competency: Balances

Entrepreneur's minds should have a balance between the analytical and the creative side.

always make decisions about their business, and they base their decisions on scientific calculations backed up by their experience and technical knowledge.

Relationship management is the key to employee and customer retention, which can be achieved by a sociable entrepreneur.

Core Competency: Innovative

They do not stop improving and thinking of new and worthwhile ideas that can add value to their existing business that could become a game-changer in the industry where they belong.

Entrepreneur's minds should have a balance between the analytical and the creative side.

have a talent for recognizing and assessing an opportunity and decide intelligently if a venture should be considered or not.

It is about The search for business opportunities should start with the individual entrepreneur. He or she must find out the skills and talent for that business activit.

recognizing the potential market

A factor you need to consider as a new entrep: Know your product or service

You must believe in the product or service that you will offer to your customer. If it is a new idea or concept, then you must be able to convince that you have that unique product that would satisfy customers' needs and wants.

In launching a product with existing competitors, you must know their strengths and weaknesses. Develop new product and marketing strategies, then turn their weaknesses into a new opportunity for your product.

Continuous supply determines product growth. Customers must have access to the product when they need it. Outlets must be developed that would answer customers demands

Factor you need to consider as a new entrep:Analyze the market potentials

The wider the market potential, the more chances of growth and success. Analyze customers profiles as to their buving habits, income, and social status.

Continuous supply determines product growth. Customers must have access to the product when they need it. Outlets must be developed that would answer customers demands

a factor that a new entrep : Determine the marketing strategy

Continuous supply determines product growth. Customers must have access to the product when they need it. Outlets must be developed that would answer customers demands Know the competitors

In launching a product with existing competitors, you must know their strengths and weaknesses. Develop new product and marketing strategies, then turn their weaknesses into a new opportunity for your product.

A factor that an entrep : Know the competitors

Develop new product and marketing strategies, then turn their weaknesses into a new opportunity for your product.

In launching a product with existing competitors, you must know their strengths and weaknesses.

you must believe in the product or service that you will offer to your customer.

a factor that a new entrep: Do not set on your laurels

The landscape of business is continuously changing. Your initial success in your business activities needs more proactive analysis for expansion and growth.

Invest in research projects that will enhance the quality of your products.

The potential buyer of the product. Business sectors identify and describe them as the ultimate and final users of the product.

Which are TRUE about customer requirements?

Specitic features and characteristics that the customer needs trom a product or a service. it is in these customer requirements that business opportunities originate.

Entrepreneurs must be aware of all these reguirements for them to come up with the features that best suit their needs. They must know who buys, and what, when, where, how, and most importantly, why they buy.

Customer requirements vary from person to person. Thus, the entrepreneur must group them, calculate their size, and come up with products and services that suit them

Business sectors identify and describe them as the ultimate and final users of the product.

Entrepreneurship 12

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Biology

11th Grade

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An entrepreneural process which Recognition of business Idea or detection of opportunities that could make money.

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An entrepreneurial process which It suggests the preparation of Business Plan

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An entrepreneurial process which Identify the resources need (Human, Financial, Nonhuman & others)

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An entrepreneurial process which carries out the business plan. Also includes the
monitoring and control.

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Which are the Entrepreneurial Processes?

implementation and control

organizing resources

development of business and concept

discovery

marget aggregation

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How many COMMON COMPETENCIES are there in Entrepreneurship?

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Entrepreneurship 12

An entrepreneural process which Recognition of business Idea or detection of opportunities that could make money.

An entrepreneurial process which It suggests the preparation of Business Plan

An entrepreneurial process which Identify the resources need (Human, Financial, Nonhuman & others)

An entrepreneurial process which carries out the business plan. Also includes the
monitoring and control.

Which are the Entrepreneurial Processes?

How many COMMON COMPETENCIES are there in Entrepreneurship?

How many CORE COMPETENCIES are there in Entrepreneurship?

There are ___ types of entrepreneurs

How many factors that a NEW entrepreneur must consider?

There are___ Categories of Consumers

Access all questions and much more by creating a free account

Similar Resources on Wayground

Popular Resources on Wayground

Discover more resources for Biology

Entrepreneurship 12

An entrepreneural process which Recognition of business Idea or detection of opportunities that could make money.

An entrepreneurial process which It suggests the preparation of Business Plan

An entrepreneurial process which Identify the resources need (Human, Financial, Nonhuman & others)

An entrepreneurial process which carries out the business plan. Also includes themonitoring and control.

Which are the Entrepreneurial Processes?

How many COMMON COMPETENCIES are there in Entrepreneurship?

How many CORE COMPETENCIES are there in Entrepreneurship?

There are ___ types of entrepreneurs

How many factors that a NEW entrepreneur must consider?

There are___ Categories of Consumers

Access all questions and much more by creating a free account

Similar Resources on Wayground

Popular Resources on Wayground

Discover more resources for Biology

An entrepreneurial process which carries out the business plan. Also includes the
monitoring and control.