Opportunity Seeking, and Screening

Before starting her own trading and manufacturing business producing toilet pumps, toilet handles, mops, and other janitorial products, Elizabeth first worked for her sister's rubber trading business. There she met rubber suppliers and learned the intricacies of producing toilet pumps, mops, and other items. What personal sources of opportunities is being described?

• Education and Training

• Innate skills and hobbies

• Work Experiences and Exposures

• Serendipitous Encounters

What macro-environmental sources that includes the demographics and cultural dimensions that govern the relevant entrepreneurial endeavor?

• Socio-cultural Environment

• Political Environment

• Economic Environment

• Ecological Environment

What macro-environmental sources which includes all natural resources and the ecosystem that includes all human beings, animals, plants, and minerals?

• Socio-cultural Environment

• Political Environment

• Economic Environment

• Ecological Environment

It can be discovered from increased or decreased demand as well a higher or lower supply.

• Industry Sources of opportunity

• Market sources of opportunities

• Micromarket

• Macromarket

It refer to the tastes of particular groups of people.

• Opportunity Screening

• Opportunity Seeking

• Consumer preferences

• Entrepreneur's preferences

Oppotunities requiring fewer resources from the entrepreneur may be more favored than those requiring more resources. What opportunity screening is this?

• Returns

• Revolutionary Impact

• Risks

• Resources Required

What are the opportunities and threats in the industry that you expect to participate in?

It refers to the specific target market segment of a particular enterprise.

• Micromarket

• Macromarket

• Market sources of opportunities

• Industry sources of opportunity

________ focuses on the economic rather than the volume aspect of the chain.

• Product chain

• Value-added Chain

• Micromarket

• Macromarket

McDonald's vs. Jollibee is an example of __________.

• Direct Competitors

• Indirect Competitors

• Product Chain

• Value-added Chain