INTRODUCTION TO ENTREPRENEURSHIP

WEEK 1 PHILIPPINE DEVELOPMENT AND ECONOMY,

IMPORTANCE OF ENTREPRENEURSHIP
AND ROLE OF GOVERNMENT IN ENTREPRENEURSHIP
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Before going further, let us see if you can answer this exercise. I know you can do it! This will
help you to determine your knowledge about this topic. Good luck! Write your answer on the
space provided in each letter/number.
Short Quiz
WHAT’S
NAME: _Franchezka Neil Codaste_ SECTION: _St. Gregory the First_

ACTIVITY 1: Check What You Know! (1 point each)

Give an example for each type of enterprise that is present now in our country.
1. New concept
Name of business: Orgablend
New product: Organic Milk Shake
2. New concept
Name of business: Jammy’s Food
New product: Bucket Food
3. Existing concept and new business
Name of business: Sugar Dolls
Product: Liptint
What’s new in the business: Lipstick and Blush

4. Existing concept and new business

Name of business: SAMSUNG
Product: Cellphone
What’s new in the business: Foldable phone
5. Existing concept and existing business
Name of business: Infinitea
Product: Milktea
6. Existing concept and existing business
Name of business: Red Ribbon
Product: Cakes

Give an example for each type of enterprise, according to Size.

7. Micro
Name of enterprise: RD Enterprises
Total Assets: 3,000 ,000
Number of employees: 7-10
8. Small
Name of enterprise: Catering Services
Total Assets: 10,000,000
Number of employees: 70
9. Medium
Name of enterprise: Ada Manufacturing Corporation
Total Assets: 100,000,000
Number of employees: 200
10. Large
Name of enterprise: Banco De Oro
 Total Assets: 1,410,482.94
Number of employees: 38, 000

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ACTIVITY 2: Check What You Know! (1 point each)

Give at least one example of a government agency for each role of government in entrepreneurship:

ROLES OF GOVERNMENT IN GOVERNMENT AGENCY

ENTREPRENEURSHIP
Maintain Peace and Order 1.
“The Philippine National Police
Monitoring Price Stability 2.
The BSP
Taxes 3. The Internal Revenue Service (IRS)
Infrastructures 4. The Department of Public Works and
Highways (DPWH).
Provide Education, Training and Assistance 5. Tesda
Public Administration 6. DTI
Financial Institution 7. The Securities and Exchange
Commission (SEC)

Explorer! Let us now test what you have learned in our adventure! I know you can
answer the question! Good luck! Write your answer on the space provided.
What I have learned? (Use extra sheet if necessary)

ASSESSME What I have learned from the topic about Introduction to Entrepreneurship, Philippine
NT Development & Economy, Importance of Entrepreneurship and Role of Government in
Entrepreneurship that I can apply in my daily life?
Ans. I have learned that Entrepreneurship give people important life skills that will help
navigate there unpredictable future. In Philippine Development and Economy I’ve learned
that Economic development is a critical component that drives economic growth
in our economy, creating high wage jobs and facilitating an improved quality of
life. And Lastly I’ve learned that Entrepreneurship is essential because it has the
potential to raise living standards and generate income not just for entrepreneurs
but also for connected firms.

Now, let us check your progress. Being guided with the attached rubrics, accomplished the
following activities. I know you can do it! Good luck! Write your answer on the space provided.

10 points The section is extremely well-developed. The student demonstrates complete understanding of the
topic required to complete the task. The section presents the topic in a logical, organize and concise
way. The discussion is very convincing.
8 points The section is of high quality. The topic is presented well. The student demonstrates almost complete
understanding of the topic. The discussion is convincing.
6 points The section is developed satisfactorily. The topic is presented. The student demonstrates incomplete
understanding of the topic. The discussion is acceptable and somehow convincing.
4 points The quality of the section is below acceptable average. The discussion is confusing. The student
demonstrates poor understanding of the basic concepts.
2 points The section needs improvement. The discussion is very confusing or vague. Almost none of the
required themes are elaborated in the section. The writing is disorganized and very difficult to
understand
0 point The student does not explain the topic or skips the section
WHAT I CAN DO? (Use extra sheet if necessary)
“How does Entrepreneurship be useful in the following? Choose at least one:
A. COVID 19 B. Online Learning C. To my preferred strand
I choose online Learning. You've probably heard about the apparent benefits of online
learning, such as its flexibility, accessibility, and cost. These are fantastic advantages for
home-based company owners and entrepreneurs wanting to transform their idea into a new
product. However, there are more benefits to this choice than you may think at first. Online
education can be used in conjunction with conventional education. Rather of entirely
replacing the classroom, online learning may be used to reinforce the skills that are taught
every day.
REFLECT! (Use extra sheet if necessary)
Entrepreneurship greatly affects the country’s development but nowadays, our country is facing a
massive problem called COVID19 which affects almost the entire operations of businesses,
government agencies and the public. Give at least one (1) positive effect and one (1) negative
effect of this pandemic in the country’s development. Justify.
Ans. The positive impact is that people are adapting to a pandemic condition, and they also
learn what the ideal social behavior is in a comparable situation, which is a beneficial
influence. The negative impact of the COVID-19 pandemic is that it has had far-reaching
economic consequences that go beyond the spread of the disease and efforts to quarantine it.
Concerns have changed from supply-side manufacturing challenges to decreased business in
the services sector as the SARS-CoV-2 infection has spread around the world.