LONG QUIZ

TEACHER: HANELYN H. ESCALONA

1. The target customers that
represent the immediate customers
of an enterprise, meaning those
who are currently buying the goods
or services offered by the enterprise
and its direct competitors. It likewise
pertains to a clearly defined location
or specific customer group that an
enterprise wishes to serve.
2. Refer to the things that irritate
customers
3. Refer to the tastes of particular
groups of people.
4. Known as intuition, refers to the
ability of the entrepreneur to sense
without using the five senses.
5. Known as surging passion, refers to the entrepreneur’s
fulfillment in the act and process of discovery.
6. allows the entrepreneur to see things in a very positive
and optimistic light in the midst of crisis or difficult
situations.
7. It is a fact that products with low costs of production and
operations but are sold at higher prices will definitely yield the
highest returns on investments. Returns can also be
intangible; meaning, they come in the form of high profile
recognition or image projection.
8. Will the opportunity be relatively easy to implement for
the entrepreneur or will there be a lot of obstacles and
competency gaps to overcome?
9. Opportunities requiring fewer resources from the
entrepreneur may be more favored than those requiring
more resources.
10. In an entrepreneurial endeavor, there will always be risks.
However, some opportunities carry more risks than others,
such as those with high technological, market, financial,
and people risks.
11. To customer needs and wants. If the opportunity that you want to
pursue addresses the unfulfilled or underserved needs and wants of
customers, then you have a better chance of succeeding.
12. Opportunities that have good chances of expanding through
branches, distributorships, dealerships, or franchise outlets in order to
attain rapid growth are better opportunities.
13. The opportunity can potentially lead to a wide range of possible
product or service offerings, thus, tapping many market segments of
the industry.
14. If you think that the opportunity will most likely be the “next big
thing” or even a game-changer that will revolutionize the industry,
then there is a big potential for the chosen opportunity.
15. The vision, mission, and objectives of the
entrepreneur. The opportunity must be aligned with what
you have as your personal vision, mission, and objectives
for the enterprise you want to set up. 16. it is the values.
Other than vision, mission, and objectives, the
opportunity must match the values and desired virtues
that you have or wish to impart.
17. An Entrepreneurial Interests. How does the
opportunity resonate with the entrepreneur’s personal
interests, talents, and skills?
18. In any entrepreneurial endeavor, it is important to
determine the sales potential of the products or services
you want to offer. Is there a big enough market out there
to grab and nurture for growth?
 WHAT ARE THE MACRO
ENVIROMENTAL SOURCES OF
OPPORTUNITIES 19-23