It is derived from a French word which means “to undertake”.

It is an art of observing correct practices in managing and operating a self-owned wealth creating business enterprise

Which of the following illustrates that entrepreneurship education teaches how failure makes people more creative and innovative?

It is part of any entrepreneurial endeavor, being faced and analyzed by an entrepreneur for the survival of the venture.

Habitually working diligently for long period of hours.

It is characterized by solid dedication.

This is strategic thinking and setting of goals to achieve objectives.

It is the ability to think quickly and make a wise judgement towards the pre-determined set objectives.

It refers to a group of people or organizations that has an interest on a product or service.

This refers to the big (external) forces that affect the area, the industry, and the market which the enterprise belongs to.

This section includes the business strategies, the target market and value proposition.

A document containing the current financial situation as an entrepreneur and long-term monetary goals.

It contains a brief introduction and summarizes everything that is relevant and important to the prospect business audience.

It describes the highlight of the product or service offered to the customer.

Business plan section which describes the workflow of your business from the highest position up to the lowest.

This includes the demographic and cultural factors including beliefs, tastes, customs and traditions.

It defines competitiveness of its industries and enterprises.

One of the nightmares of entrepreneurs is to be left behind that will make their own products obsolete.

It is a formal written description of your business future.

Part of the business plan that highlight the product or service offered to the customers.

Part of the business plan that includes your business strategies.

It is the process of how you divide the total market into smaller groups seeking similar needs and wants.

Identify which is NOT part of Executive Summary

Identify which is part of Product / Service Plan.

Identify which belongs to traditional 4Ps of the Marketing Mix

Identify which belongs to traditional 4Ps of the Marketing Mix

Identify which belongs to 7Ps of the Marketing Mix

Identify which belongs to 7Ps of the Marketing Mix

Businesses which are managed by other people for the benefit of the owner falls under intrapreneurship.

A specific audience in mind is a must in writing a business plan.

In SWOT Analysis, opportunities refer to external factors that may harm the business.

The economic definition of the word need is something needed to survive.

Sales promotions uses in-person interaction to sell products and services.

In 7Ps Marketing Mix, people are the backbone of the company.

Packaging is also referred to as “silent salesman”.

Unilever Products (Dove, Surf, Rexona, Sunsilk, etc.)

KRAFT Spread Products

Colgate toothpaste (all variance)

Mr. Clean Products

Skippy Peanut Butter Spreads

Two years after Tony Caktiong started his ice cream parlor franchise, he decided to serve hamburgers, fried chicken, and spaghetti as people began to tell him that they don’t want to eat ice cream all the time.

Starbucks is a master of employing value-based pricing to maximize profits, and they use research and customer analysis to formulate targeted price increases that capture the greatest amount consumers are willing to pay without driving them off.

Part of the business plan that can be found at the beginning but last to be accomplished.

It is a significant instrument in planning and executing the right marketing scheme through operative strategies.

It refers to the goods and services offered by business enterprise to its target customers.

It refers to the distribution of methods you use for your products or services to be easily accessible to the target customers.

The most important element of any product, service or experience.

It indicates how well is your strategy and it can catch or divert customers attention in a snap.

Creating an image for the product based in its intended audience.

It is a tradename, or a name given by an entrepreneur to a particular product or service.