ENTREP FINALS

Question 1

essential for entrepreneurs to navigate challenges andseizeopportunities.

Answer 1

ADAPTABILITY

Question 2

fosters innovation and entrepreneurial thinkinginemployees.

Answer 2

AUTONOMY IN DECISION-MAKING

Question 3

a foundation for entrepreneurial success

Answer 3

A WELL-STRUCTURED BUSINESS PLAN

Question 4

encourages creativity and problem-solving in a business setting.

Answer 4

BRAINSTORMING

Question 5

leads to innovation, making businesses stand out in the market.

Answer 5

CREATIVITY

Question 6

is necessary for making informed business decisions.

Answer 6

CRITICAL THINKING

Question 7

EFFECTIVE DECISION MAKING

Answer 7

ensures business growth and risk management.

Question 8

helps entrepreneurs focus on strategic planning while empoweringemployees.

Answer 8

DELEGATION

Question 9

provides a favorable environment for business growth.

Answer 9

ECONOMIC STABILITY

Question 9

A STRONG ENTREPRENEURIAL ECOSYSTEM INCLUDES:

Answer 9

includes government support, mentorship,and access to capital.

Question 10

s largely composed of micro, small, andmedium enterprises (MSMEs).

Answer 10

FILIPINO ENTREPRENEURIAL LANDSCAPE

Question 11

MSMEs

Answer 11

MICRO, SMALL, AND MEDIUM ENTERPRISES

Question 12

GOVERNMENT SUPPORT:

Answer 12

POLICIES, FUNDINGS

Question 12

ensures sustainable business growth and investmentmanagement.

Answer 12

FINANCIAL PLANNING

Question 13

keeps businesses competitive by introducing newideasandimproving products.

Answer 13

INNOVATION

Question 13

such as policies and funding, aids business development.

Answer 13

GOVERNMENT SUPPORT

Question 13

enables entrepreneurs to learn from failures and continuouslyimprove.

Answer 13

GROWTH MINDSET

Question 13

IS CRUCIAL FOR BUS SUCCESS

Answer 13

HIRING THE RIGHT TEAM

Question 14

refers to the skills and expertise of employees that driveinnovation.

Answer 14

HUMAN CAPITAL

Question 15

Integrity in business builds

Answer 15

TRUST WITH CUSTOMERS AND STAKEHOLDERS

Question 16

Entrepreneurs contribute to economic development by

Answer 16

GENERATING EMPLOYMENT OPPORTUNITIES

Question 16

Entrepreneurial knowledge includes

Answer 16

MARKET TRENDS
FINANCIAL LITERACY
CONSUMER BEHAVIOR

Question 17

allows entrepreneurs to assess risks and makestrategic
decisions

Answer 17

GOOD JUDGEMENT

Question 18

KPIs

Answer 18

KEY PERFORMANCE INDICATORS

Question 19

help businesses measure success and track progress toward goals.

Answer 19

KPIs

Question 20

inspires employees to work towards a shared vision.

Answer 20

LEADERSHIP

Question 21

is necessary for adapting to business challengesandinnovations.

Answer 21

CONTINUOUS LEARNING

Question 22

identifies consumer needs, competition, and potential growthopportunities.

Answer 22

MARKET RESEARCH

Question 23

MARKET RESEARCH IDENTIFY:

Answer 23

CONSUMER NEEDS COMPETITION POTENTIAL GROWTH OPPORTUNITIES

Question 24

drives entrepreneurs to persist through challenges and achieve business goals.

Answer 24

MOTIVATION

Question 25

helps entrepreneurs build valuable connections and partnerships.

Answer 25

NETWORKING

Question 25

first step in entrepreneurship.

Answer 25

RECOGNIZING BUSINESS OPPORTUNITIES

Question 26

allows businesses to focus on specialized products andservices.

Answer 26

NICHE MARKET

Question 27

help in managing tasks, resources, andgoalsefficiently.

Answer 27

STRONG ORGANIZATIONAL SKILLS

Question 28

enables entrepreneurs to overcome obstacles.

Answer 28

PROBLEM-SOLVING MINDSET

Question 29

essential for sustaining and growing a business.

Answer 29

PROFITABILITY

Question 30

ensures customer satisfaction and brand reputation.

Answer 30

QUALITY MANAGEMENT

Question 31

necessary for responding to market changes effectively.

Answer 31

QUICK DECISION MAKING

Question 32

a fundamental trait of successful entrepreneurs.

Answer 32

RISK-TAKING

Question 33

aligns business activities with long-term goals.

Answer 33

STRATEGIC PLANNING

Question 34

practices contribute to environmental andsocial responsibility.

Answer 34

SUSTAINABLE BUSINESS

Question 35

fosters collaboration and improves business operations.

Answer 35

TEAMWORK

Question 36

n differentiates a business from competitors.

Answer 36

UNIQUE VALUE PROPOSITION

Question 37

drive efficiency and innovationinentrepreneurship.

Answer 37

TECHNOLOGICAL ADVANCEMENTS

Question 38

ensures product-market fit andcustomersatisfaction.

Answer 38

UNDERSTANDING CUSTOMER NEEDS

Question 39

A clear _______ guides entrepreneurial efforts and decision-making.

Answer 39

VISION

Question 40

ensures commitment to business goals.

Answer 40

STRONG WORK ETHIC

Question 40

provides funding for startups and business expansion.

Answer 40

VENTURE CAPITAL

Question 41

enhances employee skills and business productivity.

Answer 41

WORKFORCE DEVELOPMENT

Question 42

EFFECTIVE _______ OF BP LEADS TO SUCCESS

Answer 42

EXECUTION

Question 43

allows businesses to expand their customer base.

Answer 43

EXPLORING NEW MARKETS

Question 43

YOUTH ENTREPRENEUSHIP FOSTERS

Answer 43

INNOVATION AND ECONOMIC GROWTH

Question 44

helps in assessing achievements and planning future strategies.

Answer 44

YEARLY BUSINESS REVIEW

Question 45

drive entrepreneurs to pursue their goals.

Answer 45

ZEAL AND PASSION

Question 45

allocates resources efficiently by justifying each expense.

Answer 45

ZERO-BASED BUDGETING