ETH Prelim
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.