An organization or enterprising entity engaged in commercial, industrial, or professional activities.

A person involved in the business sector – in particular someone undertaking activities for the purpose of generating cash flow, sales, and revenue by utilizing a combination of human, financial, intellectual and physical capital with a view to fueling economic development and growth.

A true entrepreneur doesn’t ask questions about whether or not they’ll succeed—they truly believe they will.

They’re able to not only come up with ingenious ideas, but also turn those ideas into profits.

A _______________ is produced by the seller to consumed by the buyer.

______________the process of exchanging products for a certain amount of money.

An entrepreneur must have ____________to buy products to sell.

There is a need to identify the demands of your customers so that you __________________.

A plan must be followed carefully to reduce ___________ results.

To ensure that your products can be sold, you need to make a _____________ to find out the needs and demands of your customers.

The ______________ gives a clear idea on what shall be done in order to produce a product .

A good ___________________ must be well-crafted by the entrepreneur to produce quality product and be patronized by the customers.

A _________ is a series of action to be done to produce quality product.

is the ability of an individual or a group of people to influence and guide followers or members of an organization, society or team.

process of creating and managing a new business venture to achieve financial success and make a positive impact on society.

The process of setting up a business is known as?

individual who creates a new business, bearing most of the risks and enjoying most of the rewards.

4th step in Entrepreneurial Process

What type of Entrepreneurship: a retail shop to sell goods or services.

refers to thought processes that bring about discovery of new ideas

Through the success of his now-world-famous software company, Microsoft, Bill Gates became one of the wealthiest philanthropists in history.

Maria is an entrepreneur with innovative idea to render her service for potential solution to solve community problem.

What type of Entrepreneurship was showcase in the scenario.

is the ability to conceive, develop, deliver, and scale new products, services, processes, and business models for customers

Jeann and Rica plans to establish a food restaurant with their combine ideas they started developing their concept.

What source of idea did the partner ventures?

It is something that an individual desires, but would be able to live without.

The following are included in Marketing mix (4Ps), EXCEPT:

It is also known as “target market”.

1. What is the purpose of good record keeping in a business?

1. Which of the following is NOT a benefit of good record keeping?

1. What do records specify in a business?

1. Which department handles the registration for TIN, official receipts, and invoices in the Philippines?

1. What can liability insurance protect a business from?

1. What are examples of variable costs?

1. What is profit in a business?

It describes money, either paper or in coin.

It describes tools, equipment like calculators, computers, or any equipment directly related to the production of goods.

Today, entrepreneurship is used with different meanings such as innovating, fear bearing, adventurism, wealth creation, and thrill-seeking

Origin of the word entrepreneurship

Entrepreneurship is defined differently by different authors. While some call entrepreneurship as ‘risk-bearing’, others view it innovation and yet others consider it ‘thrill-seeking’.

Like other economic concepts, entrepreneurship has been a subject of much debate and discussions.

It is an elusive concept.

It is the state of being employed or having a job.

It is the capacity for innovation, investment, and creation and expansion in new markets, products, and techniques.

One of the following is an entrepreneur

One of these is true about entrepreneurship.

Entrepreneurship comes from this word which means “to undertake”.

It is a business that is independently owned and operated by an owner.

It is the practice of starting new organizations, particularly new businesses, generally in response to identified opportunities.

Entrepreneurship activities have a domino effect on the Filipino people, the local community, and the Philippine economy.