MARIAN COLLEGE OF BALIUAG, INC.

908 Gil Carlos St. San Jose, Baliwag, Bulacan

High School Department
Tel. No. 798-0673

Subject Title : Entrepreneurship

Semester/SY : 2022 - 2023
Name of Teacher : Jenifer A. Romano

Name:________________________________________________ LRN: __________________

Grade & Section: ______________________________________ Date: __________________

Defined the following.

1. Feedback is information provided by customers about their experience with a product or service

2. Marketing objectives are measurable goals that outline what the end results of your marketing
strategy should be.

3. Competition as to any service or product that a customer can use to fulfill the same needs as the
company fulfills.

4. Distribution is defined as the process of getting goods to consumers.

5. Introduction contains the rationale and the background of the study undertaken.

6. Business plan is a formal written document containing the goals of a business, the methods for
attaining those goals

7. Target market is a specific group of people with shared characteristics that a business markets
its products or services to.

8. Business permit is a key compliancedocument which entitles and enables a business to legally
operate and do business in the area in which the business is registered.

9. Layout planning is deciding on the best physical arrangement of all resources that consume
space within a facility.

10. Firm is a business organization that seeks to make a profit through the sale of goods and services.

Marian College of Baliuag Inc. –High School Department

ActivityPage0
 MARIAN COLLEGE OF BALIUAG, INC.
908 Gil Carlos St. San Jose, Baliwag, Bulacan
High School Department
Tel. No. 798-0673

II. Answer the following question.

1. Explain SWOT analysis.

is an entrepreneurial tool in determining the profitability of the
business operation.

2. Differentiate internal locus to external locus of control.

Individuals who develop an internal locus of control believe they are in charge of their own
success. Those who have an external locus of control believe that outside forces, such as chance,
determine their outcomes.

3. What are the types of business? Explain.

You are the sole proprietor of a sole proprietorship.

A partnership is a non-corporate business formed by two or more individuals.
A corporation is a separate legal entity from its shareholders.

4. What are the importance of business plan?

helps entrepreneurs focus on the specific steps required to make business ideas succeed, but it
also assists them in meeting short-term and long-term goals

5. What are the most important thing in business?

Life, as we all know, is full of demands. To be able to fulfill and secure everything that we
desire, we must compete and fight back against any obstacles that we may encounter.

6. What is your view about competitors?

Life, as we all know, is full of demands. To be able to fulfill and secure everything that we
desire, we must compete and fight back against any obstacles that we may encounter.

7. How should you treat your competition?

By Creating a relationship with your competitors while it is not a good idea to share secrets with
competitors, being friendly in general makes sense.

Marian College of Baliuag Inc. –High School Department

ActivityPage1
 MARIAN COLLEGE OF BALIUAG, INC.
908 Gil Carlos St. San Jose, Baliwag, Bulacan
High School Department
Tel. No. 798-0673

8. Give the advantage and disadvantage of the following:

a. Sole proprietorship

One of the disadvantages of a sole proprietorship is that you have unlimited personal liability for
the business's debts and obligations. If circumstances change, it is simple to change your legal
structure, and you can easily wind up your business.

b. Partnership
Your business is simple to establish, with low start-up costs, and you will have
greater borrowing capacity. Each partner is liable for the partnership's debts 'jointly
and severally,' which means that each partner is liable for their share of the
partnership debts as well as being liable for all debts, and there is a risk of
disagreements and friction among partners and management.

c. corporation

Personal liability protection, business security and continuity, and easier access to capital are all
advantages of forming a corporation. A corporation has the disadvantages of being time-
consuming and subject to double taxation, as well as having rigid formalities and protocols to
follow.

Marian College of Baliuag Inc. –High School Department

ActivityPage2