Professional Documents
Culture Documents
Department of Education
Region IX
ZAMBOANGA DEL NORTE DIVISION
As an entrepreneur, several factors should be given closer focus in order to operate a business smoothly and
productive. In running a business, is a task wherein you as an entrepreneur, should be able to develop strong self-confidence
and consider yourself as risks taker. In business, there are times that the supply and demand are imbalance especially at this
time that the world is under pandemic due to the unpredictable COVID 19. Commodities are insufficient thus resulting to
price increase which affect seriously the life status of every Filipinos. Since the world is fighting the unseen, everything in the
business venture are put in unfavorable situation which in the end may cause bankruptcy. Market analysis is one of the most
important things to consider when engaging into business. It is the process of gathering information about a market within an
industry. Your analysis studies the dynamics of a market and what makes potential customers tick. Keep in mind that
typically the risks associated with growth opportunities increase as you move away from the products and markets you know
into products and markets that are new to you. Costs for researching and developing new products and researching and
penetrating new markets will also increase.
OPPORTUNITY RECOGNITION
Opportunity is a situation or occasion that makes it possible to do something that you want to do. It is an exploitable set of
circumstances with uncertain outcome requiring a commitment or resources and involving exposure to risk.
Activity 2 Product List. Enumerate at least 5 products and services offered in your market place according to its importance
to the community. Write your answer in the table provided below (1 as the most important and 5 as the least important)
Products Services
1. 1.
2. 2.
3. 3.
4. 4.
5. 5.
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