ROMBLON STATE UNIVERSITY

COLLEGE OF ENGINEERING AND TECHNOLOGY

Odiongan, Romblon

TECHNO I: TECHNOPRENEURSHIP
MID-TERM EXAMINATION

JOHN KENNETH C. RAGO NOVEMBER 19, 2022

BSCE 3 - BLOCK 2

PROBLEMS:

1. Why Small Business is Beautiful? Elaborate.

Small business tends to have more determination than the other large
companies. Because they are in the starting line, small businesses have more
room to be innovative which strengthen the foundation of their growth. Their
progess from nothing to one of the succeful business is truly beautiful to
witness.

2. How to Search Business Opportunities in Rural Communities?

If you want to start a business in rural communities, you need first to get
the hearts of the people. It means you need to live in that area for you to
experience what is lacking or abundant. It is also better to talk with the people
to have a good relationship with your future customers and also for you to
know about the difficulties in their daily lives. Local people tend to choose the
necessities first than the trend in the urban communities. You can provide
what they really want then your business will be successful.

3. What do you mean by SWOT Analysis? How this Analysis help to the
success of business venture?

An analysis of your business's strengths, weaknesses, opportunities, and

threats, or SWOT, looks at both internal and external elements that could have
an impact. Your internal traits are your assets and liabilities. The threats and
opportunities are caused by outside factors.

4. Define Business Planning by your own words and how to develop a

Business Plan?
 Business planning is a collection of ideas about the business or product
that you are going to introduce in the public. In order to develop a business
plan, you need to consider first the strength, weaknesses, opportunities and
threat of your business. Moreover, you must do some research and market
analysis to have more datas.

5. Explain not to enumerate the Criteria of Effective Planning.

It aids us in precisely defining our objectives. It forces us to make a clear

and specific decision about what we must do to have the desired impact on
society. By incorporating everyone in the planning process, we can ensure that
we all understand our goal and what has to be done to attain it.

GOOD LUCK!!!

Prepared by:
PROF. EDDIE M. FABILA
Instructor

Note:
Submit your answer via online on Saturday (November 19, 2022) before 5:00 pm.
Late submission would mean deduction of points.