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2C - BSN - SEM 1 > ENTREP FINALS > Flashcards

ENTREP FINALS Flashcards

1
Q

essential for entrepreneurs to navigate challenges andseizeopportunities.

A

ADAPTABILITY

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2
Q

fosters innovation and entrepreneurial thinkinginemployees.

A

AUTONOMY IN DECISION-MAKING

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3
Q

a foundation for entrepreneurial success

A

A WELL-STRUCTURED BUSINESS PLAN

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4
Q

encourages creativity and problem-solving in a business setting.

A

BRAINSTORMING

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5
Q

leads to innovation, making businesses stand out in the market.

A

CREATIVITY

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6
Q

is necessary for making informed business decisions.

A

CRITICAL THINKING

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7
Q

EFFECTIVE DECISION MAKING

A

ensures business growth and risk management.

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8
Q

helps entrepreneurs focus on strategic planning while empoweringemployees.

A

DELEGATION

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9
Q

provides a favorable environment for business growth.

A

ECONOMIC STABILITY

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9
Q

A STRONG ENTREPRENEURIAL ECOSYSTEM INCLUDES:

A

includes government support, mentorship,and access to capital.

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10
Q

s largely composed of micro, small, andmedium enterprises (MSMEs).

A

FILIPINO ENTREPRENEURIAL LANDSCAPE

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11
Q

MSMEs

A

MICRO, SMALL, AND MEDIUM ENTERPRISES

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12
Q

GOVERNMENT SUPPORT:

A

POLICIES, FUNDINGS

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12
Q

ensures sustainable business growth and investmentmanagement.

A

FINANCIAL PLANNING

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13
Q

keeps businesses competitive by introducing newideasandimproving products.

A

INNOVATION

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13
Q

such as policies and funding, aids business development.

A

GOVERNMENT SUPPORT

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13
Q

enables entrepreneurs to learn from failures and continuouslyimprove.

A

GROWTH MINDSET

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13
Q

IS CRUCIAL FOR BUS SUCCESS

A

HIRING THE RIGHT TEAM

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14
Q

refers to the skills and expertise of employees that driveinnovation.

A

HUMAN CAPITAL

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15
Q

Integrity in business builds

A

TRUST WITH CUSTOMERS AND STAKEHOLDERS

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16
Q

Entrepreneurs contribute to economic development by

A

GENERATING EMPLOYMENT OPPORTUNITIES

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16
Q

Entrepreneurial knowledge includes

A

MARKET TRENDS
FINANCIAL LITERACY
CONSUMER BEHAVIOR

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17
Q

allows entrepreneurs to assess risks and makestrategic
decisions

A

GOOD JUDGEMENT

18
Q

KPIs

A

KEY PERFORMANCE INDICATORS

19
Q

help businesses measure success and track progress toward goals.

A

KPIs

20
Q

inspires employees to work towards a shared vision.

A

LEADERSHIP

21
Q

is necessary for adapting to business challengesandinnovations.

A

CONTINUOUS LEARNING

22
Q

identifies consumer needs, competition, and potential growthopportunities.

A

MARKET RESEARCH

23
Q

MARKET RESEARCH IDENTIFY:

A

CONSUMER NEEDS
COMPETITION
POTENTIAL GROWTH OPPORTUNITIES

24
Q

drives entrepreneurs to persist through challenges and achieve business goals.

A

MOTIVATION

25
Q

helps entrepreneurs build valuable connections and partnerships.

A

NETWORKING

25
Q

first step in entrepreneurship.

A

RECOGNIZING BUSINESS OPPORTUNITIES

26
Q

allows businesses to focus on specialized products andservices.

A

NICHE MARKET

27
Q

help in managing tasks, resources, andgoalsefficiently.

A

STRONG ORGANIZATIONAL SKILLS

28
Q

enables entrepreneurs to overcome obstacles.

A

PROBLEM-SOLVING MINDSET

29
Q

essential for sustaining and growing a business.

A

PROFITABILITY

30
Q

ensures customer satisfaction and brand reputation.

A

QUALITY MANAGEMENT

31
Q

necessary for responding to market changes
effectively.

A

QUICK DECISION MAKING

32
Q

a fundamental trait of successful entrepreneurs.

A

RISK-TAKING

33
Q

aligns business activities with long-term goals.

A

STRATEGIC PLANNING

34
Q

practices contribute to environmental andsocial
responsibility.

A

SUSTAINABLE BUSINESS

35
Q

fosters collaboration and improves business operations.

A

TEAMWORK

36
Q

n differentiates a business from competitors.

A

UNIQUE VALUE PROPOSITION

37
Q

drive efficiency and innovationinentrepreneurship.

A

TECHNOLOGICAL ADVANCEMENTS

38
Q

ensures product-market fit andcustomersatisfaction.

A

UNDERSTANDING CUSTOMER NEEDS

39
Q

A clear _______ guides entrepreneurial efforts and decision-making.

A

VISION

40
Q

ensures commitment to business goals.

A

STRONG WORK ETHIC

40
Q

provides funding for startups and business expansion.

A

VENTURE CAPITAL

41
Q

enhances employee skills and business productivity.

A

WORKFORCE DEVELOPMENT

42
Q

EFFECTIVE _______ OF BP LEADS TO SUCCESS

A

EXECUTION

43
Q

allows businesses to expand their customer base.

A

EXPLORING NEW MARKETS

43
Q

YOUTH ENTREPRENEUSHIP FOSTERS

A

INNOVATION AND ECONOMIC GROWTH

44
Q

helps in assessing achievements and planning future strategies.

A

YEARLY BUSINESS REVIEW

45
Q

drive entrepreneurs to pursue their goals.

A

ZEAL AND PASSION

45
Q

allocates resources efficiently by justifying each expense.

A

ZERO-BASED BUDGETING

2C - BSN - SEM 1 (50 decks)

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