ENTREP PART 2 STUDY idk bro its on u prolly same as 1 prolly Flashcards
fweah
Business production and services are varied based on __________.
needs and wants
The amount of revenue left after subtracting all expenses, taxes and costs.
Net income
Which of the following is not an element of inputs in the production?
Baking
or furniture
The term may refer to all the work, energy, goods, or services produced by an individual, company, factory or machine.
Output
As an entrepreneur, how will you make your product more useful and of good quality?
Use your creativity and imagination
It refers to the diagram that shows the position of a person and the corresponding authorities and responsibilities.
Organizational Chart
It is part of the business plan which can be both within or beyond the control of the entrepreneur.
Objectives
It refers to the breakdown of the 4 P’s of marketing.
Marketing Mix
Refers to the flow of activities or mechanism that take place when there is in an interaction between the customers and the businesses.
Processes
It is a report that summarizes the revenue items, expenses, and profit/loss for the period.
Income statement
Refers to the deadlines for when the tasks and goals are to be completed.
When
Refers to the cost amount each department needs to complete their tasks.
How much
In what type of organization represents a group of persons who may fulfill functional staff or line duties?
Committee Type
Refers to description of what each department is responsible for.
What
Refers to the information on where daily operations will be taking place.
Where
It means any plan that works for a business to look ahead.
Business Plan
This refers to a company’s competitive advantages and distinctive competencies.
Strengths
Refers to the amount added to the cost of a product to determine the selling price.
Mark-up
It is the scoring guide used in subjective assessments.
Rubrics
It is an entrepreneurial characteristic that cannot be overcome if it is not acknowledge.
Weakness
Refers to the personnel or departments who are in charge of completing specific tasks.
Who
It is the amount of merchandise sold and valued at selling price.
Sales
Refers to the support for a business on environmental issues.
Sustainability
It means assessment of completed work according to a set of criteria.
Evaluation
