ENREP - PRELIM

- refers to economic activity of a person who owns, manage and assumes risk of a business enterprise.

• is the one who undertakes entrepreneurial activities.

• Identifies economic needs

• Offers business solutions

• Proceeds to assemble the resources required

• Assumes the risk for success/failure

• - Introduction of new method, procedure, custom, devices, etc.

  
  

• - Devising or discovering new things or products.

  
  

  
  

• - Advancement of something that exists.

  • Increase productivity

  • Signifies growth

• - Question of idea feasibility.

FF. Activities

• Formation of business

• Generation of necessary capital

• Purchase of facilities and equipment

• Constructing prototype products

• Testing the market

1. - Follows after establishing the feasibility.

1. - Final stage before the new venture matures into a stable enterprise.

• - maintain the balance of consumer (champion) and business (champion).