PEC's/Environment And Market

Question 1

people with skills and capabilities to see and evaluate business opportunities. They are individual that strategically identify products or services needed by the community and have the capacity to deliver these at the right time and the right place

Answer 1

Entrepreneurs

Question 2

refer to the important characteristics that should be possessed by an individual in order to perform entrepreneurial functions effectively.

Answer 2

Entrepreneural competencies

Question 3

IMPORTANT CHARACTERISTICS/TRAITS/ATTRIBUTES of a good entrepreneur.

Answer 3

1. Hardworking 6. Creative
2. Self-confidence 7. Has the Initiative
3. Discipline 8. Profit-Oriented
4. Committed
5. Ability to accept change

Question 4

IMPORTANT SKILLS of a SUCCESSFUL ENTREPRENEUR

Answer 4

1. Planner
2. People skills
3. Decision making

Question 5

is a managerial tool to assess the environment.

Answer 5

SWOT analysis

Question 6

are internal in an organization. (resources owned by the organization, by the things that you have control over)

Answer 6

Strength and weaknesses

Question 7

exist in the external environment. ,_______ that relate to the market, to the development of new technologies, and external factors such as government policies, climate, and trends. Threats relate to what the competition is doing, as well as legal and other constraints.

Answer 7

Opportunities and threats