A. is microbusiness suitable for the masses? Why?

Small businesses are critical because they generate chances for entrepreneurs and give
meaningful jobs with a higher level of work satisfaction than jobs at larger, more established
corporations. They boost local economies by keeping money close to home and contributing to
the well-being of neighborhoods and communities. They serve as role models and resources for
aspiring entrepreneurs. Participants at the colloquium said that by partnering with successful
business owners in communities, they are able to establish micro-incubators and innovation hubs
that demonstrate to others that it is possible.

B. as a would-be student-entrepreneur, identify your dreamed business, one that involves your
interests. Indicate who are your potential market, target market, available market and/or
penetrated market.

After finishing college, I would like to put up a business that deals with food. Food is a rime
commodity and is number one in our physiological needs, therefore a food business is timeless.
My potential market would be the general population in my business location. My target market
would be teenage people because they are the ones who loves to eat outside for fun, for the
ambiance, and to catch up with friends. As of the moment, available market is limited to family,
friends and acquaintances I know personally.

C. Are Rostow’s 5 stages of growth still ideal for today’s pandemic challenged economies?

Rostow's model is today considered to be antiquated and out of date, as it could not have
predicted the vast number of technical advancements that have occurred since its invention.
International aid had also been excluded from having an impact in other parts of the world.

II. Illustrative case

Loans have become critical in this economic period. Their relevance, however, is not confined to
individuals. Governments, too, borrow. In other words, borrowing comes in a variety of forms.
Countries can borrow money from one another. Individuals can borrow from governments, and
governments can borrow from individuals. Whichever is the case, borrowing and lending money
are critical components of a country's economy. This blog will examine why loans are critical to
the economy.

Capital investments are financed through loans. Capital expenditures stimulate company activity,
resulting in the economy's overall growth. Governments have been required to spend
considerable sums on revenue expenditures in some instances.

Credit theories of money, alternatively referred to as debt theories of money, are monetary
economic theories that discuss the relationship between credit and money.
Activity 1

1. Define product prototype testing.

Prototype testing is the process of reviewing a product prior to its official release to ensure that it
performs all of its functions properly. This investigation breathes life into your project. Prototype
testing is the process of reviewing a product prior to its official release to ensure that it performs
all of its functions properly. This investigation breathes life into your project. It highlights the
product's beauty and functionality, but also highlights any faults that may be resolved before full-
scale manufacturing begins.

2. Why is it important to test the product prototype?

Prototyping and testing is a rewarding, educational, beneficial, and affirming activity. Prototype
testing brings your concept to life, showing its beauty and utility while also identifying any
problems that may be addressed prior to full-scale manufacturing. Testing a prototype or newly
developed design is a critical step in the design and manufacturing processes. Testing and
assessment merely verify whether the product will perform as intended or whether it need
refining. In general, prototyping enables both the designer and the client to determine the
viability of a design.

Activity 1

1. Explain the different ways in validity of product accessibility.

Sales - Nothing is more critical than people appreciating the worth of your product and willing to
pay for it.
Research - Business research aides in the identification of potential possibilities and risks. It
assists in identifying issues and, with this information, prudent decisions can be taken regarding
how to address the issue effectively. It enables a deeper understanding of customers and hence
enables more effective communication with customers or stakeholders.
Demand and Supply - Supply and demand have a significant impact on the profit margins of
businesses that maintain inventory - excessive supply and low demand result in high inventory
expenses, while insufficient supply and high demand result in the company frequently running
out of things and displeasing customers.
Campaigns - Campaigns help businesses become memorable. They encourage consumers to
make a concentrated effort toward a desired action. Additionally, they provide brands with
identity, personality, and emotion. Marketing efforts have the potential to achieve the same thing
for your organization.
Feedback - feedback and opportunities for application that feedback helps individuals, groups,
businesses, business units, companies, and organizations improve and enhance – and that
knowledge may be used to make more educated decisions.
2. Why do we need to validate the service description of the product to its customers?

Validating an idea prior to development significantly increases the likelihood of the eventual
product becoming successful. While it is difficult to guarantee the success of a new product 100
percent prior to its introduction, the process of product validation can significantly boost your
chances. Market validation is the process of assessing whether or not your product will fill a
demand in your target market. Validating your business idea enables you to forecast with
reasonable certainty if your product or service will be purchased and whether your business will
be profitable.

Activity 1

1. If you were to look for a supplier for your business, what are some tips you need to consider?
Explain.

The appropriate suppliers supply the most appropriate goods or services at the most appropriate
rates and within the most appropriate time frames for your unique business demands. One piece
of advice I can provide business owners is to procure multiple suppliers. While working with a
single supplier has a number of advantages (for example, you can create a tight business
relationship that benefits both parties), it also has a number of disadvantages. Your business will
suffer if your supplier goes out of business or is unable to deliver. Consider developing
partnerships with a variety of providers to assist you with risk management.

2. Why do we need to select potential suppliers for our products and services?

The primary benefit of solid, healthy supplier relationships is that they enable you to maximize
the value of your organization. The more familiar you are with your suppliers and the more
familiar they are with you, the more probable you will receive dedicated service, preferred
pricing, and unique conditions. In today's procurement age, the supply chain is growing
increasingly complex, with one organization utilizing multiple vendors to manufacture their end
products. With increased pressure on the supply chain to keep costs down for the consumer,
maintaining solid margins is becoming increasingly difficult. Benefits of having a supplier in a
business include lowering the costs, improving efficiency and having a consolidated supply
chain.
Activity

Value chain The value chain is a business model that defines the processes and
activities that organizations must do in order to add value to a product or
service. It encompasses the breadth of actions necessary to bring a
product to market, from concept generation to distribution and all in
between. Consider raw materials, production, operations, logistics, and
sales & marketing activities in this category. The value chain improves
the efficiency of the firm by ensuring that customers receive the highest-
value-added product at the lowest possible cost. The ultimate purpose of
value chain management is to give the business a competitive edge by
raising its overall profit.

Nonetheless, value chain management has a number of advantages.

These include increased material and product flow, waste reduction
throughout the supply chain process, smooth information flow, and an
overall improved customer experience.
Supply chain Supply Chain Management is the process of monitoring and controlling
the flow of goods and services from the point of manufacture to the point
of sale. A supply chain manager's objective is to increase the supply
chain's efficiency and reduce expenses. As so, they will supervise the
entire process. A corporation gains a competitive edge in the marketplace
by simplifying and synchronizing the supply and demand sides of service
and product activities in order to maximize the customer experience.

Activity

1. Personality profile
2. Past performance
3. Past performance
4. Proficiency profile
5. Personality profile
6. Psychological profile
7. Potential for growth
8. Psychological profile
9. Potential for growth
10. Personal character
Activity: make your own proposed offering model business using the example template above.
Each correct item will receive two points. You can either write your answer at the back of the
sheet or use a separate one.

1. Target Market 2. Value Proposition

French fries enthusiasts regardless of age,
gender, social status, profession, etc.
A) Functional benefit
This product will cater customers from all
walks of life including those who are
choosing to be healthy because we are
offering air fried French fries.

3. Channel B) Economic Benefit

Business-customer relations The business is expected to increase its profit
Promotion from 40% to 95% by the end of the first
Online reach month of its operation.
5. Revenue Statement 4. Customer Bonding Strategy
Monthly revenue of 10,000 to 15,000. A) awareness creation: facebook campaigns,
customer referrals, discounts

B) Acquisition strategy: Conducting feedback

collection from customers

C) Retention strategy: innovate based on the

feedbacks collected from the customers.

PE
Activity 1

C – camping
M – Mountaineering
O - Orienteering

1. C
2. M
3. C
4. M
5. C
6. O
7. M
8. M
9. O
10. O
I would love to be engaged in orienteering. I enjoy orienteering for the dopamine high I get when
I locate the control precisely where I believe it will be. It gives me a sense of competence and
intelligence. Additionally, it is addicting. Orienteering is fantastic because it can be enjoyed at
any age, at any skill level, and in almost any location.