NAME: RECHMIE ANN L.

CORONADO

BSE- 3C

INSTRUCTOR: RADNY REMIS

MODULE 1: ENTREPRENUERSHIP AND MARKETING

LESSON 1: DEVELOPING BUSINESS MODEL

ACTIVITY

VALUE
HONEST
TEAMWORK

STRATEGY
LEADERSHIP

ANALYSIS

• Why you chose that kind of business?

I chose this kind of business because it’s near to my family and I can help my relatives to get a job so
they don’t have to move away from their family anymore.

• How will you satisfy the needs and wants of your customers in order to attain customer loyalty?

My have to conduct an customer satisfaction survey to rate the performance of my products and
services. With this survey, my able to improve the area needed. As we all know, the preferences of
the customers are changing. In order to attain their loyalty, my have to maintain a good relationship,
improve my product and services by conducting survey and value your customer.

• Where else aside from social media can you market your product/service? Mention them and
explain briefly.
Aside from social media my can market my product through TV advertisement and also print flyers
and my can paste it on the walls, my can also print billboards to advertise my products. Marketing
my product through TV advertisement can be also useful because people nowadays are fond of
watching TV because they can’t go out of their homes.

APPLICATION

1. Peter Drucker, the ‘father of modern management’, identified innovation as one of the firm’s core
business functions. As future entrepreneur, how will you apply innovation?

Innovation paves the better way for my future. It is my foundation to become stronger than your
rival. Innovative entrepreneur is like lion in the jungle, every single movements, cast a print of my
feet towards the future.

2. Discuss the business model concept.

A business model is the conceptual structure supporting the viability of a business, including its
purpose, its goals and its ongoing plans for achieving them. The model describes the way a business
will take its product, offer it to the market and drive sales.