SENIOR HIGH ENTREPRENUERSHIP, Summaries of Business

Download SENIOR HIGH ENTREPRENUERSHIP and more Summaries Business in PDF only on Docsity! Name: _________________________________Grade/Section: __________________Date: ____________ WRITTEN WORKS NO. 2 (20 points) I. True or False. On the space provided before the number write T if the statement is true and F if the statement is false. ________1. Entrepreneur enter a business because of its profitability. ________2. New business ideas provide business opportunities. ________3. Entrepreneurial process starts with identification of entrepreneurial opportunities. ________4. Not all changes in the external environment provides business opportunities. ________5. Discovery and advancement in the use of technology are additional good source of business opportunities. ________6. Interest and hobbies of the people are possible good source of entrepreneurial ideas. ________7. Industry environment of business is under technological discovery and advacement sources of opportunities. ________8. The variables in the physical environment include the economic forces. ________9. Entrepreneurial heart flame refers to the ability of the entrepreneur to sense without using the five senses. ________10. Entrepreneurial mind frame permits the entrepreneur to see things in a very positive and optimistic light. II. Choose the letter that you think is the best answer to each of the following questions. Write the letter of your choice on the space provided. ________1.It is the process of considering, evaluating, and pursuing market-based activities that are believed to be advantageous for the firm. A. Opportunity seeking C. Opportunity screening B. Opportunity seizing D. Sources of opportunity ________2.This is essential to opportunity seeking which allows the entrepreneur to see things in a positive and optimistic light in the midst of crisis or difficult situations. A. Entrepreneurial mind frame C. Entrepreneurial heart flame B.Entrepreneurial gut game D. Entrepreneurial heart frame _________3.It is the ability of entrepreneur that can sense without using the five senses, also known as intuition. A.Entrepreneurial mind frame C. Entrepreneurial heart flame B.Entrepreneurial gut game D. Entrepreneurial heart frame _________4.One of the essetials of entrepreneur’s opportunity seeking that refers to the driven passion of an individual. A.Entrepreneurial mind frame C. Entrepreneurial heart flame B.Entrepreneurial gut game D. Entrepreneurial heart frame _________5.What variable of societal environment includes income level and employment rate? A.Economic forces B.Sociocultural forces C. Political forces D. Technological forces For questions 6 and 7 refer to the following statements: A.Preferences and tastes of the customers easily change. B.The buyer has the potential for backward integration. C.The cost of switching the supplier cost is minimal. D.Product differentiation is highly noticeable. __________6.Which are the factors of the substitute product that pose a great threat in the industry environment? A. A,B,C,D B. A and C C. A and D D. B and C ___________7.Which are the factors that influenced the buyer to have a less threats because of the bargaining power? A.A only B.A and C C. A and D D. B and C __________8.They are the one that pays cash in exchange to your goods and services. A.Buyers B.Competitors C. sellers D. suppliers __________9.The intensity of rivalry among existing firms is characterized to the following factors except one: A.Diversity of rivals. B.Number of competing firms. C.Characteristics of the products or services. D.The product represents a high percentage of the buyer’s cost. __________10. The following are the forces competing within the industry except one: A. Potential new entrants and Substitute Products B. Buyers and Suppliers C. Rivalry among existing firms D. Needs and Wants PARADA NATIONAL HIGH SCHOOL(SHS-DEPARTMENT) ENTREPRENEURSHIP-GRADE-12 PERFORMANCE TASK NO. 2 (20 points) Direction: Arrange the scrambled letters to form a correct word. 1. UPSIERSPL 6. UTSBETIUST 2. NISSUBES 7. ICEVERS 3. KERTAM 8. PECITIONMTO 4. EDICRRSTO 9. IMCLTEA 5. SUTEMOSRC _ 10. NTERTSAN Complete the table below by supplying it with products that you consider similar. Write the product and not the brand in their respective columns. Then describe and differentiate its characteristics and uses. No. Primary Product (Product name) Substitute Product (Product name ) Example Butter - expensive price used as bread spread. Margarine – lesser price also used as bread spread 1. 2. 3. 4. 5.