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Worksheetsentrep
Total questions: 51
Worksheet time: 43mins
Businesses must abide by local laws and regulations restricting various business processes, regardless of their business type.
Compliance risk
Humanrisk
Economic risk
Financial risk
an increasing number of individuals rely on e-commerce, online shopping, and business to adapt to changing circumstances.
Economic risk
Financial risk
Risk of security and fraud
Cmpliance risk
refers to internal and external circumstances that directly impact a company's profits.
Financial risk
Risks of security and fraud
Compliance risk
Economic risk
refers to erratic economic changes that can decrease sales, revenue, or profits.
Financial risk
Economic risk
Risk of safety and fraud
Compliance risk
risk. Simply put, employees' failure or inability to carry out their essential responsibilities at work
Reputation risk
Competitive risk
Human risk
Economic risk
Essential to running successfull business because it demonstrates honesty and trustworthiness.
Economic risk
Human risk
Competitive risk
Risk of reputatiot
when a company loses ground to its rivals after establishing itself in an industry.
Risk of reputation
Competitive risk
Human risk
Change in how a product or service manufactured or created or distributed to achieve greater efficiency
Disruptive innovation
Product service innovation
Process innovation
Creating and implementing new ideas ,concepts or technologies to enchance value and differentiate a company’s market offering
Process innovation
Product service innovation
Disruptive innovation
Introduced bew value propo.create new market or reshapes existi market
Process innovation
Disruptive innovation
Product service innovation
cloves complex business problems and bring uniqueness and novelty to the business process by combining entrepreneurial skills and technology
Social entrepreneurship
Technoprenership
Small business entrepreneurship
Scalable startup entrepreneurship
focuses on innovating and creating novel solutions to address pressing social issue . thus, they play essential role in having innovative approaches to social issues,
Buyer entrepreneurship
Ecopreneurship
Social entrepreneurship
Imitator entrepreneurship
involves starting business on smaller scale rather than expanding it into a large corporation or opening multiple branches
Small business entrepreneurship
Buyer entrepreneurships
Social entrepreneurship
Ecopreneurship
launching a small scale enterprise intending to quickly expand and transform into highly lucrative company.it is focused on disruptive innovation and can continue or renew itself indefinitely
Ecopreneurship
Scalable startup entrepreneurship
Buyer entrepreneurship
Social entrepreneurship
nvolves taking calculated risk to develop new market offerings to remain competitive and bette respond to changing markets and costumer needs
Agripreneurships
Social entrepreneurship
Large business entrepreneurship
Small business entrepreneurship
act of being an entrepreneur within a company or organization it involves taking risk being innovative and developing new idea to improve the company’s product or services
Ecopreneurships
Technopreneurship
Imitator entrepreneurship
Intrapreneurships
creates business by copying or adapting an existing business concept orsuccessfull product or service in the market
Social entrepreneurship
Imitator entrepreneurship
Social entrepreneurship
Ecopreneurship
involves people who want to create “green”business it comes with opportunities to save the earth while making good profit.
Ecopreneurships
Imitator entrepreneurship
Social entrepreneurship
Technoprenerships
involves business individual who possess substantial capital and utilize it to acquire establishment companies or merge with smaller businesses.
Social entrepreneurship
Intrapreneurship
Buyer entrepreneurship
Small business entrepreneurship
deals with the production and selling of various agricultural goods and inputs. The most profitable agribusiness ideas include crop cultivation, production and processing, aquaculture, animal health and feeds, agro-bio products, biotechnical service, energy-saving, and ecological agro-production systems.
Social entrepr
Buyer entrepreneurship
Agripreneurship
Large business entrepreneurship
is initiated, organize owned, and manages by single person.
Cooperative
Partnership
Corporation
Sole proprietorship
exist contemplation of law;the business has its own identity separate and distinct from stock holders
Corporation
Cooperative
Sole proprietorship
-2 or more partner who co own a business to make profit
Corporation
Sole proprietorship
Partnership
Cooperatibe
a duly registered group of person with a common interest to voluntarily join to achieve a lawful social and economics end
Cooperative
Corporatiot
Partnership
Value determines the price of product or service or its benefits to customers
Costumer value objective
Market share objective
Competition base objective
Sales orientationobjectivt
The price is strategically designed to boost saes volume and maximize profits within a specific timeframe
Market share objective
Sales orientation objective
Customer driven objective
Cost base objective
Price of product or service is determined by. Considering the total cost involved in it’s production
Competition based objective
Market share objective
Cost base objective
Customer driven objective
The level of competition eithin the indistry determines the pricing strategy
Sales orientation objectives
Market share objective
Competition based objective
Price is established depending on how much the customer is willing to pay
Customer value objective
Competition base objective
Saes orientation objectives
Customer driven objective
Pricing strategy centered around two primary goals expanding the market share an cultivating strong customer awareness and loyalty
Codt base objective
Market share objective
Customer driven objective
Competition base objective
Aims to provide insight into the underlying reasons or motivatios behind a particular phenomenon correlation or behavior
Qualitative research
Quantitative research
Involves gathering a small group of individuals who respond to online survey send to them
Case study research
Individual interview
Focus group discussion
Open ended question
This process consists of an interview,during which the researcher interacts personally with the respondent by asking a series of questions to collect data
Ethnographic research
Individual interview
Open ended questionnaire
Case study research
Involves conducting through research in the actual environment ls where the respondents are situated .This approach entails observing consumer on their own himes
Ethnographic research
Case study research
Open ended questionnaire
Individual interview
Cannot be answer with a yes or no response instead questions are phrased as a statement that requires more extended response
Case study research
Ethnographic research
Individual interview
Open ended questiot
Help explain describe or explore a specific issue event or phenomenon in detail within it’s everyday real life context
Individuals interview
Open ended questionnaire
Case study research
Encompasses much more than just the production of an product or the creation of procedures for delivering a service
Evaluate the ideas with the most promising potential for success in the market
Ideation
Prototyping
Testing
Refinement
Once the idea has been selected ,the company must _ its proposed product
Ideation
Prototyping
Refinement
Testing
Determing if the product fundtion as intended or if the desired service offering appeals to the target audiences
Testing
Refinement
Prototyping
Ideation
Once the prototype has been enriched with the analysis feedback, the final product or service can be crafted and delivered to the market.
Ideation
Refinement
Testing
Prototy
are those expenses that do not change regardless of how much activity the business is doing.
Fixed cost
Semi variable cost
Variable cost
Unit measurement
consist of both fixed costs and variable costs.
Fixed cost
Semi variable cost
Variable cost
Unit of measuret
subject to change depending on the number of units produced. The costs mentioned here are materials, labor based on productivity, production supplies, commissions, delivery charges, packaging materials, and credit card fees.
Semi variable costs
Fixed cost
Variable cost
Unit of measurement
refers to the standard method used to measure the quantity or volume of a particular service provided.
Fixed cost
Semi variable cost
Variable cost
Unit of measurement
A workplace layout that incorporates private, individual workspaces known as "cells" or offices. The design typically features enclosed rooms or cubicles for each regular employee.
Cellular offfice design
Combination office design
A workplace layout tailored to the organization's specific needs and preferences. This combination can create a dynamic and versatile office environment that supports productivity and collaboration.
Cellular office design
Combination office design
Product line lyout
Is a financial statement that shows a company revenues ,expenses , and net profit over a specific period of time
Statement of owners equity
Income statement
Balance sheet(statemnet of financial postion)
Statement of cashflow
It shows how cash is generated from operating activities, investing activity and financing activities over specific period
Balance sheet
Statement of cashfllow
Income statement
Statement of owner’s equity
Financial statement that shows rhe changes un the owners equity during a specific period of time . It includes beggining and ending balance of owners equity ,net income or loss
Statement of owners equity
Income statement
Balanace sheet
Statement of cashflow
It shows a company’s fiancial position at specific point in time provide snapshot assets liability shareholders equity
Income statement
Statemnet of cashflow
Balance sheet
Statement of owners equity
