Intro to entrep Flashcards

1
Q

The word entrepreneur was coined by a renowned French
economist

A

Jean Baptiste Say

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2
Q

believed that entrepreneurship provides a dynamic disquilibria ( supply & demand) brought about by the innovative entrepreneur that brings a healthy economy

A

Joseph Schumpeter

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3
Q

He is a fashion designer and also
an entrepreneur. He founded the house of
Laurel in Makati. He is also the great
grandson of Jose P. Laurel (former
Philippine president) and cousin of Denise
Laurel (an actress).

A

Rajo Laurel

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4
Q

He is a
Chinese Filipino businessman. He founded the McDonald’s Philippines. Aside from being a successful businessman, he is also a talented singer. He already performed and sang with Sharon Cuneta in a concert. Ronald McDonald House Charities is also a charity started by McDonald’s Philippines aiming to help needs of Filipino children.

A

George Yang

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5
Q

He is also a Chinese Filipino entrepreneur who founded Bench noted as the largest clothing chain in the Philippines. He
expanded his stores not only in the
Philippines but also in China, Dubai
and Abu Dhabi.

A

Ben Chan

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6
Q

She and her
late husband Jose
Ramos founded the
National Bookstore.
There
are over
80 branches and more
than 2,500 employees
of National Bookstore
today.

A

Socorro Ramos

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7
Q

He is an
entrepreneur and
also a
former government
employee who
served as the
Secretary of Trade
and Industry.
-Chairman of Swift Foods

A

Jose Concepcion Jr.

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8
Q

He is also a Chinese Filipino entrepreneur who founded one of the most popular and biggest fast food chain in the Philippines - Jollibee.
- Red Ribbon, Chowking,
Greenwich, Mang Inasal, Manong Pepe’s, and Tita Frita’s Uling Uling.

A

Tony Tan Caktiong

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9
Q

-As of 2014,
he is ranked 3rd in the most richest Filipino having over $5 million personal fortune and ranked 308th in the world
most richest.
-Megaworld Corporation,
Emperador Distillers
Free Powerpoint Templates Page 18
Incorporation

A

Andrew Tan

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10
Q

-He is
the chairman of JG Summit Holdings and former owner of Sun Cellular
-Universal Robina
Corporation. He also controls Robinsons Land.
-5th most richest entrepreneur in the Phil.

A

John Gokongwei Jr.

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11
Q
A
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12
Q

-He owns Asia Brewery, Tanduay Holdings and Fortune Tobacco.
-2nd most richest in the Phil.
-

A

Lucio Tan

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13
Q

-started SM Malls in the Philippines.
-Philippines’ Retail King.
-the SM
Investments Corporation, SM Prime Holdings, Banco
de Oro Universal Bank,
CBC, Belle Corporation and Highlands Prime, Inc..
-Most richest in the Phil.

A

Henry Sy

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14
Q

the act of building and creating a business enterprise.
- process of creating something new and assuming the risks and rewards.
-Process of doing something new(creative) and something different (innovative) for the purpose of creating wealth for the individual adding value to society.

A

Entrepreneurship

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15
Q

refers to people who were considering as “inventor”
-French word, which means to innovate

A

entrepreneur

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16
Q

Categories of Enterprises

A

Micro-enterprise
Small enterprise
Medium Enterprise
Large Entreprise

17
Q

Asset size less than 3M

A

Micro-enterprise

18
Q

Over 3M to 5M asset size

A

Small enterprise

19
Q

over 15M-100M asset size

A

Medium enterprise

20
Q

over 100 M asset size

A

Large enterprise

21
Q

asset size excludes value of ?

A

Land

22
Q

Benefits of entrepreneurship

A

-creates employment
- improves quality of life
-income and therefore eases social unrest

23
Q

Risk of Entrepreneurship

A

-risk of failure
-unpredictable business conditions
-long hours of work
-unwanted or unexpected responsibilities

24
Q

Rewards of entrepreneurship

A

-have unlimited opportunity to make money
-be your own boss
-tap your creativity
-overcome challenges and feel fulfilled