BREAD AND PASTRY WEEK 1 - PECs Flashcards

1
Q

process of starting
a business, a startup
company or other
organization.

A

Entrepreneurship

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2
Q

organizes, manages, and assumes the risks of a business, starts a business and is willing to risk loss in order to make money.

A

Entrepeneur

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3
Q

SM (Shoe Mart)

A

Henry Sy

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4
Q

Jollibee

A

Tony Tan Caktiong

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5
Q

Cebu Pacific

A

John Gokongwei Jr.

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6
Q

National Bookstore

A

Socorro Ramos

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7
Q

Mang Inasal

A

Edgar Sia

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8
Q

What are the characteristics of a successful entrepeneur?

A

CREATIVE
PERSEVERING
INNOVATIVE
HARDWORKING
QUALITY-CONSCIOUS
CONFIDENT
SYSTEMATIC
OPTIMISTIC
OPEN-MINDED
PERSONABLE

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9
Q

What are the entrepeneurial competencies?

A

TECHNICAL ABILITY

COMMUNICATION ABILITY

ORGANIZING AND CONTROLLING ABILITIES

GOOD HEALTH

MAKES SOUND DECISIONS

INSPIRING

PROBLEM SOLVER

KNOWLEDGEABLE

MANAGERIAL ABILITY

ABILITY TO ACCEPT CRITICISMS

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10
Q

Three Clusters

A

Achievement, Planning, Power

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11
Q

refers to becoming
successful in attaining a desired end or aim.

A

Achievement

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12
Q

the entrepeneur seeks and acts on opportunities

A

Opportunity seeking

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13
Q

the entrepeneur takes repeated actions to overcome obstacles

A

Persistence

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14
Q

the entrepeneur accepts all responsibility

A

Commitment to the work contract

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15
Q

the entrepeneur is a risk taker

A

Risk Taking

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16
Q

The entrepreneur acts to do things that meet or even exceeds existing standards of excellence

A

The Achievement Cluster

17
Q

refers to the establishment of
objectives

A

Planning

18
Q

the entrepeneur must establish SMART short term as well as long term goals

A

Goal setting

19
Q

The entrepeneur personally seeks important data on clients

A

Information seeking

20
Q

The entrepreneur develops and applies logical step-by-step plans

A

The Planning Cluster

21
Q

is defined as the possession of control,
authority or influence over others

A

Power

22
Q

the entrepeneur apples various strategies to influence others to buy his products

A

Persuasion and networking

23
Q

the entrepeneur has a strong self-belief

A

Self-confidence

24
Q
A