EPP 4 Reviewer

This is the need for products and services

• business opportunities

• entrepreneurship

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

• Entrepreneur

• Entrepreneurship

Identify what kind of ways is this

Entrepreneurship identifies opportunities, allocates resources and creates values for goods or services produced.

• As a process

• As an art

• As a science

Identify what kind of ways is this

Entrepreneurship uses a great deal of knowledge of the elements of art and principles of design to produce goods and services.

• As a process

• As an art

• As a science

Identify what kind of ways is this

Entrepreneurship follows a logical and organized process and employs knowledge and skills to develop products and services.

• As a process

• As an art

• As a science

Business resources is also known as factors of production.

What factors of production are provided by nature?

• Natural Resources

• Non-human Resources

• Human Resources

Business resources is also known as factors of production.

What factors of production are time, money, property and facilities?

• Natural Resources

• Non-human Resources

• Human Resources

Business resources is also known as factors of production.

What factors of production are energy, knowledge, abilities and skills?

• Natural Resources

• Non-human Resources

• Human Resources

Who is the founder of SM (Shoemart)

Who is the founder of Jollibee Corporation?