NAME:MERIADO, HANOPOL B.

SCORE _________

YR. & SECTION:BSHM-2 DATE ___________

CHAPTER 4- EXERCISE 1

THE ENTREPRENEURIAL PROCESS

I. Identification

ENTREPRENEURIAL PROCESS 1. A process of pursuing a new venture that involves more than just
problem solving in a typical management position.

SOLE/SINGLE PROPRIETORSHIP 2. Business owned by only one person. It is easy to set-up and is
the least costly among all forms of ownership.

COOPERATIVE 3. Business organization owned by a group of individuals and is operated for their
mutual benefit.

OPPORTUNITY RECOGNITION 4. The active, cognitive process (or processes) through which
individuals conclude that they have identified the potential to create something new that has the potential
to generate economic value and that is not currently being exploited or developed, and is viewed as
desirable in the society in which it occurs.

PARTNERSHIP 5. Business owned by two or more persons who contribute money or property into the
entity with the intention of dividing the profits among themselves.

MANUFACTURING BUSINESS 6. Buys raw materials and converted into finished product for sale.

HYBRID BUSINESS 7. Companies that may be classified in more than one type of business.

CORPORATION 8. Business organization that has a separate legal personality from its owners.

FRANCHISING 9. Business relationship between two entities wherein one party allows another to sell
its products and intellectual property.

MERCHANDISING 10. Business buys products at wholesale price and sells the same at retail price.
They are known as "buy and sell" businesses.

GENERAL CONSTRUCTION FIRMS 11. Refers to those engaged in the construction of buildings
whether for private individuals or for the government.

WHOLESALING 12. Refers to the activities of those persons or establishments which sell to retailers
and other merchants, and/or to industrial, institutional, and commercial users, but who do not sell in large
amounts to final consumers.

RETAILING 13. Covers all the activities involved in the sale of goods and/or services to the final
consumers.
REPAIR SERVICES 14. Those that provide repair services to owners of various machinery and
appliances.

FRANCHISING 15. Has the right to use its trademark or trade-name as well as certain business systems
and processes, to produce and market a good or service according to certain specifications.

NAME _________________________ SCORE _________

YR. & SECTION _________________ DATE ___________

CHAPTER 4- EXERCISE 2

THE ENTREPRENEURIAL PROCESS

I. State whether the following statement is

a. Strengths

b. Weakness

c. Opportunities

d. Threats

STRENGTHS 1. What do people in your market see as your strengths?

THREATS 2. Do you have bad debt or cash-flow problems?

THREATS 3. What are your competitors doing?

OPPORTUNITIES 4. What interesting trends are you aware of?

WEAKNESS 5. What factors lose you sales?

STRENGTHS 6. What advantages does your organization have?

STRENGTHS 7. What do you do better than anyone else?

STRENGTHS 8. What unique or lowest-cost resources can you draw upon that others can't?

WEAKNESS 9. What should you avoid?

WEAKNESS 10.What are people in your market likely to see as weaknesses?

WEAKNESS 11. What could you improve?

THREATS 12. Could any of your weaknesses seriously threaten your business?

THREATS 13. Are quality standards or specifications for your job, products or services changing?
THREATS 14. Is changing technology threatening your position?

OPPORTUBITIES 15. What good opportunities can you spot?

WEAKNESS 16. Unfavourable Tax Rates

STRENGTHS 17. Contributes to the Local Economy

STRENGTHS 18. High Profit margin

OPPORTUNITIES 19. What hoteliers have to do is add a little flair to them, and people from all walks
of life will journey miles to partake in their beauty

WEAKNESS 20. High Hotel Rates