Entrepreneurs with enough _____ and ______in the market and environment will have better strategies and decisions and will find it easier to sustain business activities.

The intended market of a particular product and service must be carefully _____ before and during the actual operation of the business.

Many entrepreneurs fail because of a very simple reason.

It is a group of people with economically important needs and demands which opens business opportunities to everyone.

The needs and demands of people/ consumer are based on:

These are the three (3)market segments that classifies people/consumer:

A successful entrepreneur’s secret to success is?

A form of business that is owned by only one person who is responsible for the whole business.

A form of business that is owned by 2 persons have combined resources and skills

A form of business that is owned by 2 or more persons. Aside from the owners, many people known as shareholders are engaged.

It is a type of source where in entrepreneur has full control over future net profit generated.

These lending institutions can confidently lend adequate capital in exchange of a sound feasibility study.

In this type of loan, monthly amortizations which will include low interest will be paid one year or less.

This type of loan can stretch the payment from 4-10 years where lending policies of banks or credit cooperatives apply.

This type of loan has a term of payment that only range from 1- 3 years