Brainscape's Knowledge GenomeTM

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


See full index

ENTREPRENEURSHIP > LESSON 1.3: RELEVANCE AND OPPORTUNITIES IN ENTREPRENEURSHIP > Flashcards

LESSON 1.3: RELEVANCE AND OPPORTUNITIES IN ENTREPRENEURSHIP Flashcards

1
Q

He assumes responsibility, thinks differently and tries to satisfy his own curiosity.

A

Strong desire for independence

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

You may start out as a management trainee or in a management training program.

A

Management

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

As the leader of the business he started, he will be responsible for controlling not only in all
transactions but also in people management.

A

Be in control.

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

You may start as an employee, get new ideas and develop your own skills from experience and education.

A

Start to be on your own.

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

employed by companies to develop and execute strategies to increase sales and profits.

A

Business development officers - Business Development

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

five steps every entrepreneur must take to be successful.

A
  1. Start to be on your own.
  2. Explore the business environment.
  3. Be in control.
  4. Have a good accountant or trusted financial adviser.
  5. Seek the advice of professionals.
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

An entrepreneur seeks independence and strives to develop his own business.

A

Strong desire for independence

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

Seek the advice of legal consultants on matters
with legal implications.

A

Seek the advice of professionals.

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

Every business needs technology.

A

Software, Web or App Developer

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

Develop a control procedure that you are still in command of approving all transactions involving money.

A

Have a good accountant or trusted financial adviser.

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

Entrepreneurs use feedback to guide, make observations, corrections and take actions for progress.

A

Develops a feedback mechanism for results

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

They should have a passion for what they are doing.

A

Strong drive to succeed

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

Entrepreneurs have the ability to make the right decisions based on logic, practicality,
and gut feel.

A

Strong determination in decision making

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

They help companies find solutions to
the different business challenges and obstacles being met.

A

Business Consultant

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

There are management positions in every industry.

A

Management

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

To comply with all the requirements of the
government, he will seek advice to professionals to help him prepare necessary documents like business permits, trade name registration, sanitary permits, etc..

A

Seek the advice of professionals.

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

These jobs build communication between
consumers and the sellers of the product by creating promotions, advertisements, and building a brand image.

A

Advertising, Marketing, and
Public Relations

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

The business environment includes internal
and external factors that may influence the business.

A

Explore the business environment.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
19
Q

Your work as a software, web or app developer will enhance your skill set that will be vital when you start to grow your own
business.

A

Software, Web or App
Developer

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
20
Q

After planning, the entrepreneur will start to open his business using the capital he has.

A

Start to be on your own.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
21
Q

will help you gain ideas on how to reach a target customer when you already have your own product or services.

A

Advertising, Marketing, and
Public Relations

22
Q

If you are knowledgeable in online selling and search engine optimization (SEO), it will be a great help for your starting business.

A

E-commerce and Social Media

23
Q

An individual can never attain entrepreneurial success unless he will try to start up his own business.

A

Start to be on your own.

24
Q

Entrepreneurs focus on the end result of every task assigned. He will fully grasp the goal to be achieved.

A

Result-driven individual

25
Q

Train people who you can work with dedication and good values.

A

Be in control.

26
Q

Job Opportunities

A

1.) advertising, marketing, public relations
2.) business development
3.) design
4.) e-commerce and social media
5.) management
6.) software, web/app developer
7.) sales manager/account executive
8.) business consultant
9.) product manager

27
Q

You will be able to identify
opportunities for the business.

A

Business Development

28
Q

Learn to save your money and put it in an investment. Make this money as capital to operate your own.

A

Start to be on your own.

29
Q

He will hire an accountant or financial adviser which may help him in transactions related to funds or money.

A

Have a good accountant or
financial adviser.

30
Q

Apply your knowledge in SWOT analysis in order to assess the business environment.

A

Explore the business environment.

31
Q

Working towards a career in management will give you the leadership, people, and communication experience that you need
to be successful.

A

Management

32
Q

work on the enhancement of a
product through research, development, engineering, manufacturing, and distribution.

A

Product Manager

33
Q

If you have an interest in_____, ______, or ______ these skills will help you create your own
product design, especially on the packaging and labels of your product.

A

fashion, home, or product design

34
Q

Incorporating technology in business is a
great advantage.

A

Software, Web or App
Developer

35
Q

_________________ positions provide experiences and opportunities that will allow you to generate income for the business, meet and achieve sales goals.

A

sales management

36
Q

Most businesses today use the Internet to sell and promote their products.

A

E-commerce and Social Media

37
Q

Be involved in every decision-making
process and take responsibility.

A

Be in control.

38
Q

Profile of a Successful Entrepreneur

A
  1. Strong desire for independence
  2. Strong drive to succeed
  3. Strong determination in decision making
  4. Develops a feedback mechanism for results
  5. Result-driven individual
39
Q

As an entrepreneur, you will
be busy managing the whole enterprise.

A

Have a good accountant or trusted financial adviser.

40
Q

Have your income tax prepared by certified accountants that know how to deal with government regulating agencies in terms of tax payments.

A

Seek the advice of professionals.

41
Q

Internal factors are coming
inside the organization while external factors are those from outside.

A

Explore the business environment.

42
Q

Be in control of the whole organization.

A

Be in control.

43
Q

The entrepreneur will evaluate his business plan using his knowledge in SWOT analysis.

A

Explore the business
environment.

44
Q

service different companies all at the same time.

A

Business Consultant

45
Q

Motivate your people because they are the
assets that can help you drive towards success.

A

Be in control.

46
Q

You may get a trusted accountant or
financial adviser which will help you out in all the financial activities and business
transactions involving funds.

A

Have a good accountant or trusted financial adviser.

47
Q

An entrepreneur should be excited by the prospect of work.

A

Strong drive to succeed

48
Q

remain elusive to Filipinos

A

Employment opportunities

49
Q

They usually have a feedback loop to constantly think about what they have done and how they could do it better.

A

Develops a feedback mechanism for results

50
Q

If you have an interest in fashion, home or product design, these skills will help you create your own product design, especially on the packaging and labels of your product.

A

Design

51
Q

Sales management positions provide experiences and opportunities that will allow you to generate income for the business, meet and achieve sales goals.

A

Sales Manager/ Account
Executive

52
Q

can help the economy by
providing jobs and employment opportunities to Filipinos

A

Entrepreneurship

ENTREPRENEURSHIP (3 decks)

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