Brainscape's Knowledge GenomeTM


Top Flashcards (Certified)
All Flashcards

Entrepreneur > Prelims > Flashcards

Prelims Flashcards

(101 cards)

Start Studying
1
Q

Is the ability and readiness to develop, organize and run a business enterprises

A

Entrepreneurship

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

The word entrepreneur was derived from the French verb_ which means to undertake

A

Entreprendre

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

They are the innovators. They are willing to take the risks and generate unique ideas that can provide profitable solutions to the needs of the market and society

A

Entrepreneur

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

This means that one of he benefits an entrepreneur gets is to develop his managerial skills

A

Development Of Managerial Skills

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

Which means the because of entrepreneurship many organization will exists

A

Creation of Organizations

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

This means that entrepreneurship can lift up the economic status of an individual

A

Improving Standard of Living

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

This means that not only the life of the entrepreneur is improved but also the society

A

Means of Economic Development

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

Relevance of Entrepreneurship to an organization (enumerate)

A

Development of Managerial Capabilities
Creation of Organizations
Improving standard of Living
Means of Economic Development

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

Factors Affecting Entrepreneurship

A

Personality
Environmental

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

Personality Factors Which include

A

Initiative
Proactive
Problem Solver
Perseverance
Persuasion
A Planner
Risk-Taker

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

Doing things even before being told

A

Initiative

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

To classify opportunities and and seize it

A

Proactive

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

Which means he can retain good relations with other people

A

Problem Solver

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

He will pursue things to get done regardless of challenges

A

Perseverance

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

He can entice people to buy even if they don’t want to

A

Persuasion

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

He makes plans before doing things and does not fail to monitor it

A

A Planner

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

He is willing to gamble but he will calculate it first

A

Risk-taker

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

It includes political, climate, legal system, economic, and social conditions, and market solutions

A

Environmental Factors

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

Common Competencies in entrepreneurship

A

Decisive
Communicator
Leader
Opportunity seeker

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

Power to convince people

A

Communicator

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

Stand firm in your decisions

A

Decisive

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
22
Q

Charisma to be obeyed by employees

A

Leader

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
23
Q

Ability to see chances; seeing struggle as opportunity

A

Opportunity Seeker

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
24
Q

S.W.O.T

A

Strength
Weaknesses
Opportunity
Trends

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
25
Core Competencies (enumerate)
Economic and Dynamic Activity Innovative Profit Potential Risk-Bearing
26
Involves the creation and operation of an view to creating value/ wealth enterprise by ensuring optimum utilization of limited sources
Economic and Dynamic Activity
27
Constantly look for new ideas, thus the he need to be creative
Innovative
28
It compensated by his profit coming from the operation
Profit Potential
29
Entrepreneur needs to gamble by his profit coming from the operation
Risk-bearing
30
Types of Entrepreneur (enumerate)
Innovative Entrepreneurs Imitating Entrepreneurs Fabian Entrepreneurs Drone Entrepreneurs Social Entrepreneurs
31
They are wise; always make new things by thinking of new things.
Innovative Entrepreneurs
32
They are skeptical about changes to be made in the organization.
Fabian Entrepreneurs
33
They are die-conservatives even ready to suffer to loss of business
Drone Entrepreneurs
34
They are those who initiate changes and drive social innovation and transformation in the various fields
Social Entrepreneurs
35
The process of creating a business by copying or adapting an existing concept or business model.
Imitating Entrepreneurs
36
Career Opportunities of Entrepreneurship (enumerate)
Business Consultant Teacher Researcher Sales Business Reporter
37
He can be very good source of advice to other entrepreneur and would be business.
Business Consultant
38
A graduate of an entrepreneurship can be use his knowledge in teaching
Teacher
39
The entrepreneur can be employed as a researcher by an enterprise
Researcher
40
The entrepreneurship graduate can apply as a salesman
Sales
41
The entrepreneur being expert in the field, can be employed as a business reporter
Business Reporter
42
Essentials in entrepreneur's opportunity seeking (enumerate)
Entrepreneurial mind frame Entrepreneurial Heart Flame Entrepreneurial Gut Game
43
It allows entrepreneur to see things in a very positive and optimistic way in the midst of different situation
Entrepreneurial mind frame
44
They are driven by passion; they are attracted to discover satisfaction in the act and process of discovery
Entrepreneurial Heart Flame
45
This refers to the ability of the entrepreneur of being intuitive. This also known as intuition.
Entrepreneurial Gut Game
46
It refers to the physical environment, societal environment, and industry environment where the business operates.
External Environment
47
Under by Physical Environment
Climate Natural Resources Wildlife
48
The weather conditions
Climate
49
Such as minerals, forests, water, and can be used for economic gain.
Natural Resources
50
It includes all mammals, birds, reptiles, fish, etc. that live in the wild
Wildlife
51
Under Social Environment (enumerate)
Political Forces Economic Forces Sociocultural Forces Technological Environment
52
It includes all the law, rules, and regulations that govern business practices as well as the permits, approvals, and license necessary to operate the business
Political Forces
53
It includes such as income level and employment
Economic Forces
54
Customs, lifestyles, and values that characterize a society
Sociocultural Forces
55
A new inventions and technology innovations
Technological Forces
56
Under Industry Environment
Competitors Customers Creditors Employees Government Suppliers
57
Other business who can offer the same or similar goods and services to customers
Competitors
58
An individual or a business that purchases another company's goods or services
Customers
59
That allows people to extend credit to another party
Creditors
60
Someone that another person or company's hires to perform a service
Employees
61
Need to take into account the development opportunities of business
Government
62
a person or an entity who delivers top-notch services and goods from manufacturers at reasonable costs to retailers or distributors for sale.
Suppliers
63
Person with entrepreneurial interest sees possibility of business opportunities in any new discovery or because of the use of latest technology
Technological Advance and Discovery
64
It is the priorities, projects, programs, and policies of the government are also good sources of ideas
Government Thrust, Programs, and Policies
65
The interest, hobbies, and preferences of people are rich sources of entrepreneurial ideas
Peoples Interest
66
The expertise and skill developed by a person who has worked in a particular field my read to the opening of a related business enterprise
Past Experiences
67
Act or process of trying to get or win something
Competition
68
The ones pay cash in exchange for your goods and services
Buyers
69
Is defined as companies or business that have the ability to penetrate or enter into a particular industry
Potential New Entrants
70
State or situation wherein business organizations are competing with each other in a particular market
Rivalry and Existing Firms
71
One that serves the same purpose as another product in the market
Substitute Products
72
One the provide something that is needed in business operations such as office and equipment
Suppliers
73
That summarizes why a consumer should buy a company's product or use it service
Value Proposition
74
Refers to how you sell your product or services to your customer
Unique Selling Proposition
75
It is a sage in market identification process that aims to determine the buyers with common needs and characteristics.
Target Market
76
Under Geographic segmentation
Climate Dominant ethnic group Culture Density
77
Under Demographic Segmentation
Gender Age Income Occupation Education Religion Ethnic group Family size
78
Under Psychological segmentation
Needs and wants Attitude Social Class Personality traits Knowledge and awareness Brand concept Lifestyle
79
Under Behavioral Segmentation
Perceptions Knowledge Reaction Benefits Loyalty Responses
80
Divided according to geographical location
Geographic Segmentation
81
Divided based on customers
Demographic Segmentation
82
Divided in terms of how customers think and believe
Psychological Segmentation
83
Divided according to customers behavior pattern as they interact with a company
Behavioral Segmentation
84
Specific characteristics that the customers need from a product or a service
Customers Requirement
85
An intangible thing or a product that cannot be touched but the customer can feel the fulfillment
Service Requirements
86
Tangible things or things that can be seen
Output Requirements
87
It is the approximate number of sellers and buyers in a particular market.
Market Size
88
Most common way to gather primary research with the use of questionaires or interview schedule.
Surveys
89
Most reliable and credible ways of getting relevant information from target customer
Interview
90
The interview normally last from _ to _minutes, but they can past longer, depending on the participants
15 to 40 minutes
91
Traditional method of conducting an interview. It allows the researcher to establish relationship with potential participants and therefore gain their cooperation.
Personal interview
92
Less expensive and less time-consuming
Telephone Interview
93
An excellent method for generating and screening ideas and concepts
Focus Group Discussion
94
It refers to any goods or services that is produced
Product
95
It represents the location where the buyer and seller exchange goods or services.
Place
96
Is the value of money in exchange for a product or service.
Price
97
Refers to the complete set of activities, which communicate the product, brand or service to the user
Promotion
98
Ultimate marketing strategy
People
99
Is a silent hero in the marketing world
Packaging
100
Refers to a process used by marketers to create an image in the minds of a target market
Positioning
101
7P's of Marketing of Branding
Product Place Price Promotion People Packaging Positioning

Entrepreneur (4 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2025 Bold Learning Solutions. Terms and Conditions