Final Examination Entrepreneur

An entrepreneur acts on those opportunities and turn them into reality

• Opportunity seeking

• Quality

• Risk taking  

• Persistence 

Entrepreneurs who are involved in calculating controlling and planning, they always ask for advice from knowledgeable people so they can make sure that the business they build will succeed

•    Risk taking

• Opportunity seeking

• Quality

• Commitment to work

Products are not only sold in shops they may also be sold door to door, online or in trade fairs, or markets.

• Packaging    

• Place     

•    People      

•   Promotion

The following are the fundamental characteristic of an entrepreneur Except

• Future oriented

•  Copes with uncertainly

•   Committed

•    Small minded

An entrepreneur is any person who creates and develop a business idea and take the risk of setting up an enterprise to produce a product or service which is satisfies costumers needs.

• True

• False

• Both

• None Of the above

This is the creative and innovative response to the environment and the process of giving birth to a new enterprise.

•    Entrepreneurship

•    Entrepreneur 

• Enterprise

• Intrapreneur

The intended group of costumers among the whole population.

• Target market     

•   Competition    

• Implementation 

•   Production

It is part of the business plan that presents a clear explanation of a business concepts, available opportunity types of industry where the concepts belong, the target market, the key people involve in the financial requirements of a business.

• Executive summary 

• Product or service description   

•   Introduction 

• Industry analysis

Jane is an online seller who sells replica items or those what we call class A or almost the same with authentic brand but she is not informing her costumers that the product is not authentic and sold it for the same amount with that of original bag. The costumer who paid the amount is expecting that the bag she purchased is good as the original bag because they have the same amount the scenario is an example of;

• People  

•   Price  

• Place   

•   Promotion

This will strengthen the domestic economy by developing new industries and generate local employment for our people

• Entrepreneur

• Entrepreneurship

• Enterprise

• None of the above