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REVIEWER > Entrepreneurship > Flashcards

Entrepreneurship Flashcards

1
Q

Was derived from the French verb
enterprendre, which means “to undertake.”

A

Entrepreneurship

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2
Q

An entrepreneur must be firm in making decisions.

A

DECISIVE

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3
Q

It is a personality factor which means “convincing customers to
buy the product”

A

PERSUASION

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4
Q

It is a personality factor which means “doing things even before
being told.”

A

INITIATIVE

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5
Q

The entrepreneurs have big business ideas and they do not stop
improving and thinking of new worthwhile ideas for their business.

A

Innovative

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6
Q

Entrepreneurs constantly look for new ideas, thus he needs to be
creative.

A

INNOVATIVE

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7
Q

It means an entrepreneur can be compensated by his profit
coming from the operation.

A

PROFIT POTENTIAL

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8
Q

this means that one of the benefits an
entrepreneur gets is to develop his managerial skills.

A

Development of Managerial Capabilities

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9
Q

this means that entrepreneurship can lift up the
economic status of an individual.

A

Means of Economic Development

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10
Q

They are skeptical about changes to be made in the
organization.

A

FABIAN ENTREPRENEURS

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11
Q

An entrepreneur graduate can apply as salesman.

A

SALES

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12
Q

An entrepreneur graduate can be a very good source
of advices to another entrepreneur.

A

BUSINESS CONSULTANT

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13
Q

An entrepreneur graduate can be employed in an enterprise.

A

RESEARCHERS

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14
Q

An entrepreneur graduate can be using his knowledge in sharing.

A

TEACHERS

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15
Q

An entrepreneur graduate can be an expert in the field.

A

BUSINESS REPORTERS

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16
Q

allows the entrepreneur to see things in a very positive and optimistic light in the midst of crisis or difficult situations.

A

MIND FRAME

17
Q

refers to the driven passion of an entrepreneur.

A

HEART FLAME

18
Q

Refers to the ability of the entrepreneur to sense without using the
five senses.

A

GUT FLAME

19
Q

refers to the physical environment, societal
environment, and industry environment where the business operates

A

CHANGES IN THE ENVIRONMENT, EXTERNAL ENVIRONMENT

20
Q

This includes all the laws, rules, and regulations that govern
business practices as well as the permits, approvals, and licenses necessary to
operate the business.

A

POLITICAL FORCES

21
Q

includes political, economic and sociocultural forces
and technological environment.

A

SOCIETAL ENVIRONMENT

22
Q

It includes the interests, hobbies, and preferences of people.

A

PEOPLE’S INTEREST

23
Q

It is also known as “five forces of competition”. An industry environment is a
competitive environment. Regardless of what product or services you
have, competition is always present.

A

FORCES OF COMPETITION MODEL

24
Q

It is a business of marketing statement that
summarizes why a customer should buy a company’s product or use its
service.

A

VALUE PROPOSITION

25
Q

It refers on how products or services are
sold to customers

A

UNIQUE SELLING PROPOSITION

26
Q

An intangible thing or product that cannot be touched
but the customer can feel the fulfillment.

A

SERVICE REQUIREMENTS

27
Q

Tangible thing or things that can be seen. Characteristic
specifications that a consumer expects to be fulfilled in the product

A

OUTPUT REQUIREMENTS

28
Q

can be defined as the process of gathering, analyzing and
interpreting the information about the products or the services to be, offered for
sale to the potential consumers in the market.

A

MARKET RESEARCH

29
Q

The most valuable tool in any type of research study.
Inaccurate data collection may cause mistakes and ultimately lead to invalid
results.

A

DATA COLLECTION

30
Q

are the most common way to gather primary research with the use of
questionnaires or interview schedule.

A

SURVEYS

31
Q

One of the most reliable and credible ways of getting relevant
information from target customers.

A

INTERVIEW

32
Q

The traditional method of conducting an
interview

A

Personal Interviews

33
Q

Less expensive and less time-consuming, but
the disadvantages are that the response rate is not as high as the
face-to-face interview

A

Telephone Interviews

34
Q

An excellent method for generating and
screening ideas and concepts. It can be moderated group interviews and
brainstorming sessions that provide information on user’s needs and behaviors.

A

FOCUS GROUP DISCUSSION (FGD)

REVIEWER (9 decks)

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