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WorksheetsENTREPRENEUR
Total questions: 48
Worksheet time: 27mins
allows the entrepreneur to see things in a very positive and optimistic light in the midst of crisis or difficult situations.
entrepreneurial mind frame
entrepreneurial heart flame
entrepreneurial gut game
Also known as surging passion, refers to the entrepreneur's fulfillment in the act and process of discovery
entrepreneurial mind frame
entrepreneurial heart flame
entrepreneurial gut game
also known as intuition, refers to the ability of the entrepreneur to sense without using the five senses.
entrepreneurial mind frame
entrepreneurial heart flame
entrepreneurial gut game
Macro Environmental sources of opportunities
SPEET forces
12 R's
SWOT analysis
Macro Environmental sources of opportunities
SPEET forces
12 R's
SWOT analysis
It is used for Opportunity seeking
SPEET forces
12 R's
SWOT analysis
used to help a person or organization identify Strengths, Weaknesses, Opportunities, and Threats related to business
SPEET forces
12 R's
SWOT analysis
to vision, mission, and objectives of the entrepreneur.
Relevance
Resonance
Reinforcement
Revenues
opportunity must match the values and desired virtues that you have or wish to impart.
Relevance
Resonance
Reinforcement
Revenues
How does the opportunity resonate with the entrepreneur’s personal interests, talents, and skills
Relevance
Resonance
Reinforcement
Revenues
In any entrepreneurial endeavor, it is important to determine the sales potential of the products or services you want to offer
Relevance
Resonance
Reinforcement
Revenues
opportunity that you want to pursue addresses the unfulfilled or underserved needs and wants of customers
Responsiveness
Reach
Range
Revolutionary Impact
Opportunities that have good chances of expanding through branches, distributorships, dealerships, or franchise outlets in order to attain rapid growth are better opportunities.
Responsiveness
Reach
Range
Revolutionary Impact
If you think that the opportunity will most likely be the “next big thing” or even a game-changer that will revolutionize the industry
Responsiveness
Reach
Range
Revolutionary Impact
The opportunity can potentially lead to a wide range of possible product or service offerings, thus, tapping many market segments of the industry.
Responsiveness
Reach
Range
Revolutionary Impact
It is a fact that products with low costs of production and operations but are sold at higher prices will definitely yield the highest returns on investments
Returns.
Relative Ease of Implementation.
Resources Required.
Risks
Will the opportunity be relatively easy to implement for the entrepreneur or will there be a lot of obstacles
Returns.
Relative Ease of Implementation.
Resources Required.
Risks
Opportunities requiring fewer resources from the entrepreneur may be more favored than those requiring more resources.
Returns.
Relative Ease of Implementation.
Resources Required.
Risks
. In an entrepreneurial endeavor, there will always be risks. However, some opportunities carry more risks than others
Returns.
Relative Ease of Implementation.
Resources Required.
Risks
Which of the statements below is true?
Entrepreneurs have limited career opportunities.
Entrepreneurs are prone to constant high income.
Entrepreneurs are contributors to the development of society.
Entrepreneurs are the reasons for the unemployment problem.
What is a cognitive process through which an individual concludes that they have identified the potential business?
business needs
business opportunity
business development
opportunity recognition
The entrepreneurs who create new ideas are called
Imitating
Drone
Fabian
Innovative
The entrepreneur who lives on the labor of others is called __________.
Imitating
Drone
Fabian
Innovative
These are entrepreneurs who are to follow the path shown by innovative entrepreneurs.
Imitating
Drone
Fabian
Innovative
How do we start finding business opportunity?
know the market problem
propose solution
identify market need
create a business plan
Madam Ana uses water from a deep well for drinking and sanitation purposes. The deep well is situated near a Cement Manufacturing with complete permit and sanitation. However, she and some of the neighbors experienced stomach problems from drinking of the water.
water station for safe drinking water
sell cement products
sell water containers
sell industrial materials for water system
Which of the following target customer have not yet purchased your product but are considering it?
prospects
end users
existing customers
target market users
What is a business concept?
a business idea that included basic information
business resources
financial result
business data
What is that written document describing the nature of the business, the sales and marketing strategy, financial background and its projected profit and loss statement?
business plan
blue print
term paper
lesson plan
What is the ultimate purpose of market research?
predict pitfalls and reduce risk
get the target market
identify the market need
predict changes in the market
What strategy is necessary before launching your product to the market and make a better business decision?
market research
business planning
financial advising
product development
What refers to the group of people who are likely to buy your product or services?
market size
people
market price
customer profile
Which of the following does not belong to the group?
Skills management
Conduct research
Risk-taking
Make no changes with his product
Entrepreneur means
Risk taker
To undertake
To research
To research
Which is NOT a career for an entrepreneur?
Business consultant
Domestic Helper
Research and Development
Sales
They are entrepreneurs who drive social innovation and transformation in various fields.
Drone
social entrepreneur
Fabian
Imitating
Which of the statements is NOT true?
An entrepreneur will patiently wait for his efforts to bear fruit.
The profit of the entrepreneur is immediate.
The entrepreneur gets to develop his managerial skills through entrepreneurship
Entrepreneurs are researchers.
What is a business concept?
business data
financial result
business resources
a business idea that included basic information
How do we start finding business opportunities?
propose solution
identify market needs
create a business plan
know the market problem
What space in the design thinking process identifies the problem or opportunity that motivates the search for solutions?
ideation
inspiration
implementation
transformation
Which step should be taken in order to solve a market problem?
Concentrate on competition
Make a solution to solve the problem of the target market.
Create solution to compete other industries.
Build innovative solutions that do not directly connect to the problem.
What exist when there is a gap between what is currently on the market and the possibility for new or significantly improved products that result from emerging trends?
business plan
product opportunity
market source
marketing plan
What is a business concept?
business data
a business idea that included basic information
financial result
business resources
environment structure, social status, and dynamics of the population at large, as well as the people’s beliefs, tastes, mores, customs, and traditions dictate the major parameters of market behavior.
(a)
environment makes or breaks competing participants in any industry. New scientific and technological discoveries often lead to the launch and commercialization of new products with superior attributes or to rendering the old ones obsolete.
(a)
environment includes all natural resources and the ecosystem that defines the habitat of man, animals, plants, and minerals.
(a)
environment is mainly driven by supply and demand forces. It is the same factor that drives the interest and foreign exchange rates to fluctuate with the movement of the market forces.
(a)
environment defines the governance system of the country or the local area of business. It includes all the laws, rules, and regulations on allowable and disallowable business practices.
(a)
