Entrep (Review)

It is the push for innovation and improvement.

• Determination

• Creativity

• Dedication

• Flexibility

It is the ability to move quickly in response to changing market needs.

• Dedication

• Flexibility

• Leadership

• Passion

It is the ability to create rules and to set goals.

• Management

• Leadership

• Self-confidence

• Passion

The French word, “entreprendre”, means ___________.

• to challenge

• to undertake

• to make profit

• to negotiate

The following are the list on what entrepreneurship teaches us, EXCEPT:

• instills confidence

• creates risks

• creates opportunities

• ensures social justice

To become an entrepreneur, you should be at least a senior high school graduate.

• True

• False

It is a method to market your product or service in a way that is different than other competitor’s marketing strategies.

• Unique Selling Proposition

• Unique Selling Proportion

• Value Proposition

• Unique Proposition

It is a written document prepared by the entrepreneur that describes all the relevant external and internal elements involved in starting a new venture

• Marketing Plan

• Operating Plan

• Business Plan

• Financial Plan

This plan describes the complete manufacturing process.

• Description of Venture

• Production Plan

• Operations Plan

• Marketing Plan

It is an analysis or statement of the combination of good and services offered by a company to its customer in exchange for payment.

• Value Proposition

• Selling Proposition

• Unique Value

• Mission and Vision Statement