Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

3rd Quarter > ENTREPRENEUR > Flashcards

ENTREPRENEUR Flashcards

1
Q

the process of developing, conducting, managing, operating,
directing and evaluating a business venture in order to gain
profit by taking several risks

A

Entrepreneurship

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

an individual or a collective who develops a new company, carries most of the risks and enjoys most of the benefits of a joint effort via profit.

A

Entrepreneur

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Entrepreneur comes from the word?

A

Entreprendre

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

“Entre” means?

A

to enter

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

“Prendre” means?

A

to take

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

“Entreprendre” means?

A

to undertake

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

Relevance of entrepreneurship

A

Helps economic growth
create job opportunities
innovation
community development impact
business failures consequences
political and economic integration of outsiders
spawn entrepreneurship
enhances standard of living
provides research development

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

Relevance of entrepreneurship: Establishing a business contributes to the economy; small or big

A

Helps economic growth

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

Relevance of entrepreneurship: Provides entry-level jobs necessary to learn for unskilled employees

A

create job opportunities

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

Relevance of entrepreneurship: Promotes creativity and brings new ideas: product, technology, industry,
good quality

A

innovation

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

Relevance of entrepreneurship: promotes abundant retail facilities, a higher level of homeownership, fewer
slums, better, sanitation standards and higher expenditure on education,
recreation, and religious activities

A

community development impact

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

Relevance of entrepreneurship: Entrepreneurship is the most productive way to incorporate the excluded
and discarded in the economy

A

political and economic integration of outsiders

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

Relevance of entrepreneurship: Collapse of business will lead to job loss and/or financial institutions will be
at crisis

A

business failures consequences

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

Relevance of entrepreneurship: Entrepreneurship is a breeding ground for new inexperience people

A

spawn entrepreneurship

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

Relevance of entrepreneurship: Businesses provide various types of goods

A

enhances standard of living

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

Relevance of entrepreneurship: Entrepreneurship offers funding to institutions for research and
development

A

provides research development

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

Have endless curiosities in discovering new ideas

A

opportunity seeking

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
17
Q

the quality that allows someone to continue doing something or trying to do something even though it is difficult

A

persistence

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
18
Q

An entrepreneur keeping their promise or word

A

commitment work contract

19
Q

Trying to do something better, faster and cheaper

A

demand for quality and efficient

19
Q

refers to the willingness and ability to entrepreneur. Create a decision and take actions that involve uncertainty, potential loss and possibility of failure

A

risk taking

20
Q

business professionals create specific objectives for the future. these can include both long term and short term goal

A

goal setting

21
Q

undertakes personal research on how to satisfy customers and solve problems

A

information seeking

22
Q

Acts to develop and maintain business contacts by having good relationships

A

persuasion and networking

23
Q

Plans everything he/she expects in the business. he/she does not leave things to luck

A

systematic planning and monitoring

24
Q

must believe in oneself if he or she wants others to believe in him or her.

A

self-confidence

25
Q

-saleswoman in goodwill bookstore in escolta
-Owner of (70)national book store

A

Soccoro C. Ramos

26
Q

Owner of SM Supermalls

A

Henry Sy

27
Q
  • Owner of Philippine Airlines
  • Asia Brewery
  • Tanduay
  • Fortune Tobacco
  • Allied Bank
A

Lucio Tan

28
Q

Owner of jollibee
1994: Greenwich
2000: Chowking
2005: Red Ribbon
2010: 70% Mang Inasal
2011: Burger King
2016: 30% Mang Inasal
2019: Coffee Bean and Tea Leaf
2021: Yoshinoya

A

Tony Tan Caktiong

29
Q

Owner of Ayala

A

Jaime Augusto zobel de ayala

30
Q

Owner of Zesto

A

Alfredo Yao

31
Q

Owner of Mercury Drugstore
- Invested 100 Php in sulfathiazole tablets

A

Mariano Que

32
Q

owner of Lamoiyan Corporation
- Hapee Toothpaste and Kutitap

A

Cecilio K. Pedro

33
Q

owner of CDO

A

Corazon D. Ong

34
Q
  • A blueprint
  • a written document describing
    in detail how a business —
    usually a new one — is going to
    achieve its objectives
  • sets out a written plan from a
    marketing, financial and
    operational point of view.
A

Business Plan

35
Q

Purpose of business plan

A
  • Describes the direction of the business/company
  • Defines the business
  • Sets the goals
  • Shows investors the viability of the business
  • Prepares business for uncertainty
36
Q
  • Use short sentences instead of
    long complicated ones.
  • Use simple and straightforward
    language.
  • Avoid using shortcuts, jargons,
    and acronyms.
  • Use bullet points for lists
A

SIMPLE / SPECIFIC

37
Q

Characteristics of Business plan

A

SIMPLE / SPECIFIC
MEASURABLE
ACHIEVABLE / ATTAINABLE
REALISTIC / RELEVANT
TIME-BOUND

38
Q
  • Describe the goal clearly.
  • Contains concrete and
    measurable objectives.
  • Include specific actions and
    activities
A

MEASURABLE

39
Q
  • Should list out attainable goals
  • Should specify the goals to
    achieve
  • Suggested number of pages is
    from 20 to 30pages of text and
    another 10 pages of appendices
A

ACHIEVABLE / ATTAINABLE

39
Q
  • Summarize other data by using
    simple business charts or
    summary tables such as bar
    charts, twodimensional bars, pie
    charts and Gantt charts.
  • Contains the company’s vision
    and mission
A

REALISTIC / RELEVANT

39
Q
  • Follow the time bound plan.
  • Achieve goals within the time
    frame
A

TIME-BOUND

40
Q
  • Recall the business idea that
    you created from the previous
    topic.
  • List down the steps that you
    will do to start your business
A

Business Plan Outline

41
Q

Essential Questions that have to be answered when making Business Plan

A
  • What problem does the product or service
    solve? What need does it fill?
  • What niche will it address?
  • Who are the customers of the enterprise?
  • How will the enterprise sell its product or
    services to them?
  • What is the size of the market to be served?
  • How will the business make money?
  • What other products pose competition to
    the business and how will the enterprise
    maintain its competitive advantage?
  • How will the enterprise adjust its system of
    management as the business grows?
  • Who will run the company and what are
    their capabilities to manage the business?
  • What are the risks and threats confronting
    the business and what are the resources
    needed?

3rd Quarter (5 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions