ENTREPRENUER - PECS (TLE)

Question 1

Individuals who venture into business or enterprise. They are mostly business-minded who can transform ideas.

Answer 1

Entrepreneurs

Question 2

What are the functions of being an entrepreneur?

Answer 2

1. Undertaking effective planning
2. Organizing
3. Making wise decisions
4. Managing
5. Innovating

Question 3

Involves processes that are vital in putting up enterprises or business ventures which include exploration of suitable ideas and etc…

Answer 3

Undertaking effective planning

Question 4

This function requires entrepreneurs to coordinate, assemble, and supervise all the needed elements of production.

Answer 4

Organizing

Question 5

This minimizes the risks that may occur during the implementation of the different phases of a business.

Answer 5

Making wise decisions

Question 6

This includes giving proper instructions to personnel, direction on machine operations, and utilization of other resources.

Answer 6

Managing

Question 7

This deals with the creation and promotion of new products, introduction of new technology, and strategies, among others, in the business field.

Answer 7

Innovating