1st Quarter Periodical Examination-11 EPAS NC II

This means habitually working diligently for a long period of hours.

They exhibit self-confidence in order to cope with all the risks of operating their own business.

Entrepreneurs always stick on the plan and fight the temptation to do what is unimportant.

Full commitment and solid dedication to make the business successful.

An entrepreneur should be creative and innovative to stay in the business and in order to have an edge over the other competitors.

This shall become your bread and butter and for your family as well. Therefore, you must see to it that the business can generate income.

These are the things that people cannot live without.

It refers to a managerial tool used to assess the environment to gather important information used for strategic planning?

Is a strategic thinking and setting of goals to achieve objectives by carefully maximizing on all the available resources?

Those factors that limit the ability to grow, hence reduce the chance of generating profit Opportunities

This is generated by examining what goods and services are sold outside by the community.

A process of making a new product to be sold to the customers.

These are luxuries, advantages, and desires that every individual considers beyond necessary.

This is the factor or consideration presented by a seller as the reason that one product or service is different from and better than that of the competition.

In this stage, the needs of the target market are identified, review and evaluated.