Q1 Exam SMAW 11

These are the people with idea and initiative as well as goals and spirit in running a business.

It is defined as the process by which an individual produces goods and services to improve man’s quality of life.

In P.E.C., when they make a promise, they do all the possible means to keep this.

They personally seek important data on clients and supplies, as well as competitors.

Entrepreneurs believe in themselves, and in their ability to get things done, overcome obstacles or meet challenges.

They lay-out plans carefully, identify alternatives, follow-up progress, get feedback, and try hard to achieve set goals.

These are particularly useful for getting the story behind a participant's experiences.

It is a type of interview that has no predetermined questions are asked, in order to remain as open and adaptable as possible to the interviewee's nature and priorities; during the interview, the interviewer "goes with the flow".

It is a type of interview where all interviewees are asked the same questions and asked to choose answers from among the same set of alternatives.

It is a type of interview which intended to ensure that the same general areas of information are collected from each interviewee; this provides more focus than the conversational approach, but still allows a degree of freedom and adaptability in getting information from the interviewee.

It is a type of interview which same open-ended questions are asked to all interviewees.

In identifying business opportunities, the availability, quantity or price of certain raw materials may provide opportunities for trading or productive activities.

In identifying business opportunities, many of our locally produced goods have good export potentials, especially raw materials – intensive and/or labor-intensive products.

In identifying business opportunities, information on new products and processes and economic developments in various countries could be obtained from business magazines and newspapers.

In identifying business opportunities, studies on specific industries are often published by private and governmental institutions.