4th sum TLE Flashcards
(63 cards)
qualities that a person must possess to become a successful entrepreneur
Personal Entrepreneurial Competencies (PECs)
avoid being a ningas-kugon, who is only good in the beginning. He or she must know how to set aside the personal things from business
Have a commitment
accept ideas or suggestion from other people to improve the quality of his or her products matter to him or her
Being open-minded
he or she must be industrious, must be on time, punctual, and persistent enough until he or she finally achieved his or her dreams
Hardworking and Persistent
The curiosity will drive the entrepreneur to create or invent new products based on the needs of the consumer or it can be by modifying the existing product to become unique and may lead to a better quality.
Creative and innovative
he or she must be a dreamer but can set realistic goals
Goal-oriented
he or she must have a deep knowledge on the nature of business he or she wants to put up so that he or she knows how the business operates and its status in the market
Intelligent and knowledgeable on the business to be started
they must have a good decision based on their judgment so it can result to more profit
Profit-oriented
they must create opportunities to make money by providing products and services to target market
Opportunity-Seeker
tool that helps us understand and evaluate a business, project, or even ourselves
SWOT ANALYSIS
List Down the Swot Analysis and explain
Strengths,Weaknesses,Opportunities,Threats
what we do well or what makes us strong
Strengths
what we struggle with or need to improve
Weaknesses
chances to grow or improve
Opportunities
challenges or risks that could cause problems
Threats
What Components do we have in chapter 2 in feasib?
•Target Customers
•Buying Capacity
•Specialty of the Product
•Distribution Channel to reach Market Segment
•Means of Transportation of Goods to Reach Buyers
•Supply and Demand Analysis
• Survey Result
•Pricing and Selling Price
•Marketting Process and Programs
•Description of the Product
•Brand Name/Business Name
•Packaging and Labelling the Product
•Public Relations
What Components do we have in chapter 3 in feasib?
•Technical Description of the Product
•Manufacturing of Production Process
•Plant Layout
•Plant Location
•Production Schedule
•Machinery & Equipment
•Skills Required
•Waste Disposal
•Labor Requirements
What components do we have in chapter 4 in feasib?
•Form of Ownership
¥Sole proprietorship
¥Partnership
¥Corporation
•Organizational Chart
•Administration Policies
procedure that healthcare providers use to prevent the spread of germs that cause infection
Aseptic Technique
Final user of a product
Consumer
shipment or part of aa shipment that is of the same specie
Lot
number of units of product in a lot
Lot Size
one in which all elements in the lot have an equal and independent chance of being included in the sample
Random Sample
written guide on what to do and how to perform appropriate sampling procedure for a particular product
Sampling Plan