ENTREP 01 REVIEWER QUIZ

It is recognizing a business idea or detecting an opportunity that could make money.

• Discovery

• Developing of Business Plan/Concept

• Organizing of Resources/Resourcing

• Implementation/Managing Company

• Harvesting/Reaping the returns

This pertains to strategies related to expansion of the business.

• Discovery

• Developing of Business Plan/Concept

• Organizing of Resources/Resourcing

• Implementation/Managing Company

• Harvesting/Reaping the returns

Is the process of identifying, sourcing financing human, non human and other resources needed for the conduct of business.

• Discovery

• Developing of Business Plan/Concept

• Organizing of Resources/Resourcing

• Implementation/Managing Company

• Harvesting/Reaping the returns

On this stage business idea is transformed into a business concept through crafting a business plan.

• Discovery

• Developing of Business Plan/Concept

• Organizing of Resources/Resourcing

• Implementation/Managing Company

• Harvesting/Reaping the returns

It is the carrying out of the business plan.

• Discovery

• Developing of Business Plan/Concept

• Organizing of Resources/Resourcing

• Implementation/Managing Company

• Harvesting/Reaping the returns

What are the 2 types of entrepreneur?

• Business Entrepreneurs and Social Entrepreneurs

• Mega entrepreneur and the Micro entrepreneur

• Small-Business Owners

Driven by a mission to fill gaps left by the market (for profit companies) and public (government) sector

• Business entrepreneurs

• Social entrepreneurs

• Small- business owners 

• - Prefer a more stable and less aggressive approach.

• - Would rather exploit existing opportunities.

• - Operate in existing markets to optimize supply-demand.

• Business entrepreneurs

• Social entrepreneurs

• Small- business owners 

• Driven by a profit motive – constantly innovating for market share

• Business entrepreneurs

• Social entrepreneurs

• Small- business owners 

• Competencies Affecting Entrepreneurial Journey, which of the following ay hindi na belong?!?

• 
  

  Level of Education

  
  

• Risk Appetite

• Entrepreneur’s wealth

• Employment Status

• Personal Traits