ETH Prelim

¡Supera tus tareas y exámenes ahora con Quizwiz!

April 9

Araw ng Kagitingan

No exact date

Ed'l Fitr

The economy of scale exploiters

Entrepreneurs who locate their business in lower rent and tax areas.

The Pattern Multipliers

Entrepreneurs, who spot an effective business pattern and multiply it to realize profits.

April 7

Good Friday

May 1

Labor Day

April 6

Maundy Thursday

August 28

National Hero's Day

January 1

New Year

December 30

Rizal Day

product features

Size, color, logo, odor, taste, shape, slogan, packaging, etc.

3 component of a person

body, emotion, intellect

Other commercial fields

business process outsourcing manufacturing wholesaling telemarketing

Entrepreneur

is actually a French word, which means "to innovate".

The Capital Aggregator

uses their experience in pooling a group of financiers to engage in a business.

The Buy and Sell Artist

wise guys referred to as corporate raiders and brokers who turn around, sell and liquidate.

The Entrepreneur

within an existing organization, referred to as the corporate entrepreneur.

Reasons why people go into business

- Adventure - Creativity - Competition - Control - Earning potential

Start up, buy out, franchising business

- family business - franchising - buy outs - start up business

People involve in franchising:

- franchisee - franchiser

Trade sector

- wholesaling - retailing

3 Personal Entrepreneurial Competencies (PECS)

Achievement Cluster, Planning Cluster, Power Cluster

November 30

Bonifacio Day

Wholesaler

Businessperson who buys directly from a producer and sells in bulk.

December 25

Christmas Day

3C's/ input in marketing

Company, Customer and Competition

The dealers to dealers

Include highly knowledgeable businessmen engages in various forms of trades.

June 12

Independence Day

The team builders

Individuals who go in building larger companies using hiring and delegation.

Rack Jobber

Involves an agent or buyer entering into an agreement with a parent.

Franchiser

The party in the franchise contract who specifies the methods to be followed

The Solo self- employed individual

agents, repairmen, who operate alone or with only few employees.

raw materials

are the basic inputs that entrepreneur uses with his products.

Capital

efers to buildings, machinery equipment and tools.

buy outs

entrepreneur simply buys an existing business for sale

IDEA

entrepreneur's first investment in his business enterprise is an

idea

entrepreneur's first investment in his business enterprise is an

The Acquirers

entrepreneurs who acquire businesses.

barter

exchanging of products by two party

3 requisite of an entrepreneur

founder, innovator and risk taker

Distributorship

independent entrepreneur, enters into an agreement.

4 stages of marketing

introductory, growth, majority, decline

Subcontracting

is responsible for a particular aspect in the operations of the principal.

Market

is simply the buyers and users of the entrepreneur's product.

ENTREPRENEURSHIP

is the ability of an individual to determine and come up with the proper combination of resources available in his environment.

family business

owned and controlled by two or more members of a family

The Independent Innovators

person who hit upon ideas for better product and then create.

Franchisee

power is limited by contractual relationship with a franchising organization

output in marketing

profit, sales and market share

franchising

revolving around a two-party legal agreement

start up business

those that are relatively started new by an entrepreneur.


Conjuntos de estudio relacionados

Organizational Communication Final Review

View Set

Chapter 15 - Disorders of Childhood and Adolescence

View Set

Why Cell Sorting Increases VAFs compared to what it would be in a Bulk Tissue Sample

View Set

Music Appreciation Part 1 Elements (INCOMPLETE)

View Set

Chapter 3- The Cellular Level of Organization (textbook questions)

View Set