Careers in Entrepreneurship Flashcards

1
Q

a small neighborhood convenience shop commonly found in the Philippines. They play an important role in local communities by providing accessible and affordable products for daily needs.

A

Sari-sari Store

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2
Q

business involves selling rice in varying quantities to customers, often catering to households and small businesses. This type of venture is highly viable in the Philippines since rice is a staple food for most Filipinos.

A

Rice –retailing Business

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3
Q

a flexible and low-capital venture that involves selling food and beverages in strategic, high-traffic locations such as malls, schools, offices, or public transport terminals. It’s popular due to its mobility and the wide variety of products you can offer.

A

Food Cart Business

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4
Q

provides ____________ services for personal, commercial, or industrial purposes. It can range from a small home-based venture to a full-service print shop depending on your capital and target market.

A
  1. Printing Business
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5
Q

involves purchasing products at a lower price (wholesale or direct from manufacturers) and reselling them at a higher price for profit. It is flexible, scalable, and suitable for both online and physical marketplaces.

A

Buy-and-Sell Business

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6
Q

involves selling affordable, quick, and tasty snacks or meals in public spaces, making it a popular and profitable venture in the Philippines. This business thrives in high-traffic areas such as schools, markets, and events.

A

Street Food Business

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7
Q

involves selling various goods in a designated market space, often in temporary stalls or booths. It offers a wide range of products, from secondhand items and handmade crafts to clothing, accessories, and specialty food.

A

flea market business

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7
Q

involves selling products or services through digital platforms, such as social media, e-commerce websites, or your own online store. This type of business is flexible, cost-effective, and scalable, making it a popular choice for entrepreneurs.

A

Online Selling Business

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8
Q

involves selling prepaid mobile credits or electronic load to customers. It’s a low-capital venture that provides essential services to users of all major mobile networks (e.g., Smart, Globe, TNT, DITO).

A

cellphone loading business

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9
Q

provides washing, drying, folding, and ironing services for clothes, bedding, and other fabrics. Dry cleaning involves special solvents to clean delicate fabrics, while laundry services usually involve water and detergent. This business is always in demand due to busy lifestyles and the need for professional garment care.

A

Laundry and Dry Cleaning Business

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10
Q

offers beauty services such as hairstyling, haircuts, makeup application, and other beauty treatments. This business can be done from home, in a salon, or even as a mobile service for events like weddings, parties, or photoshoots. It has high demand, especially in industries like fashion, entertainment, and special events.

A

Hair Styling and Makeup Business

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11
Q

business combines three popular wellness services: relaxation (spa), physical fitness (gym), and beauty (nail care). Offering a combination of these services allows you to cater to a wide range of customers looking for self-care, fitness, and pampering all in one location.

A

spa, gym, and nail care business

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12
Q

A video and photography business captures and delivers high-quality visual content for clients.

A
  1. Videography and Photography Business
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13
Q

focuses on providing educational lessons and academic support to students or learners.

A

tutorial business

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14
Q

involves selling products directly to consumers, typically through personal relationships, online platforms, or parties, without the involvement of intermediaries like retail stores.

A

Direct Selling Business

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15
Q

focuses on providing services that clean, maintain, and enhance the appearance of vehicles. This business can be both mobile and stationary, catering to individual car owners, fleet services, or businesses that need regular vehicle upkeep

A

Car Wash and Car Care Business

16
Q

can be an exciting and profitable venture, offering a variety of services depending on the atmosphere, food, and drinks you plan to serve.

A

Bar, Café, and Restaurant Business

17
Q

are both business opportunities that serve essential needs in the community. They each offer different services but can be highly profitable with the right approach.

A

Water Station and LPG (Liquefied Petroleum Gas) Station Business

18
Q

is a newly established company, typically in its early stages of development, designed to bring a unique product or service to market.

A

Startup Business :

19
Q
  • managing a startup business in an established business
A

intrapreneurship

20
Q

buying another similar business or new business

A

Acquisition

21
Q

is a business arrangement wherein the franchisor, who is the owner of the business, acquires distribution centers through the franchisees or the affiliated dealers .

A

Franchising