S. Y. 2021- 2022 Quarter 3



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Introduction-to-Entreoreneurship
WORD HUNT

Think of words or terms related to the topic and find the words in the grid horizontally, vertically, or diagonally. Write the words or terms on the space provided below.



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What I have Learned


Definition of Terms

Opportunity seeking - Process of considering, evaluating, and pursuing market based activities that are accepted to be beneficial for the business.

Entrepreneurial process - can be defined as the steps taken in order to begin a new enterprise. It is a step-by-step method, one has to follow to set up a business.

Entrepreneurial ideas - an innovative concept that can be used for financial gain that is usually centered on a product or service that can be offered for money.

Essentials of entrepreneur’s opportunity seeking - These are the basic foundation that the entrepreneur must have in seeking opportunities, such as entrepreneurial mind frame, heart flame and gut game.

Sources of opportunity - can be attain by assessing and looking at changes in the environment; technological discovery and advancement; government’s thrust, programs, and policies; people’s interest, and past experiences.

External environment - refers to the physical environment, societal environment, and industry where the business operates.

Government - refers to the local government (municipality, city, or provincial) or the national government and its branches.

Competition – it is the act or process of trying to get or win something.

Substitute – anything that takes the place or function of another.

New entrants – the one who enters something.

Suppliers – are the one that provide something that is needed or wanted.

Buyers – are the one that pays cash in exchange to your goods and services. Rivalry – is a state or situation in which people or groups are competing with each other.

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What I Can Do


COMPLETE ME

Complete the table below by supplying it with products that you consider similar. Write the product and not the brand in their respective columns. Then describe and differentiate its characteristics and uses.



No.

Primary Product ( Product name )

Substitute Product ( Product name )

Example

Butter - expensive price used as bread spread.

Margarine – lesser price also used as bread spread

1.







2.







3.







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LEARNING ACTIVITY SHEET



Assessment

Direction: Write the letter of your choice.



  1. It is the process of considering, evaluating, and pursuing market-based activities that are believed to be advantageous for the firm.

    1. Opportunity seeking C. Opportunity screening

    2. Opportunity seizing D. Sources of opportunity




  1. This is essential to opportunity seeking which allows the entrepreneur to see things in a positive and optimistic light in the midst of crisis or difficult situations.

    1. Entrepreneurial mind frame C. Entrepreneurial heart flame

    2. Entrepreneurial gut game D. Entrepreneurial heart frame

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  1. It is the ability of entrepreneur that can sense without using the five senses, also known as intuition.

    1. Entrepreneurial mind frame C. Entrepreneurial heart flame

    2. Entrepreneurial gut game D. Entrepreneurial heart frame

  2. One of the essetials of entrepreneur’s opportunity seeking that refers to the driven passion of an individual.

    1. Entrepreneurial mind frame C. Entrepreneurial heart flame

    2. Entrepreneurial gut game D. Entrepreneurial heart frame

  3. What variable of societal environment includes income level and employment rate?

    1. Economic forces C. Political forces

    2. Sociocultural forces D. Technological forces For questions 6 and 7 refer to the following statements:

  1. Preferences and tastes of the customers easily change.

  2. The buyer has the potential for backward integration.

  3. The cost of switching the supplier cost is minimal.

  4. Product differentiation is highly noticeable.

  1. Which are the factors of the substitute product that pose a great threat in the industry environment?

    1. A,B,C,D C. A and D

    2. A and C D. B and C

  2. Which are the factors that influenced the buyer to have a less threats because of the bargaining power?

    1. A only C. A and D

    2. A and C D. B and C

  3. They are the one that pays cash in exchange to your goods and services.

    1. Buyers C. sellers

    2. Competitors D. suppliers

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  1. The intensity of rivalry among existing firms is characterized to the following factors except one:

    1. Diversity of rivals.

    2. Number of competing firms.

    3. Characteristics of the products or services.

    4. The product represents a high percentage of the buyer’s cost.

  2. The following are the forces competing within the industry except one:

    1. Potential new entrants and Substitute Products

    2. Buyers and Suppliers

    3. Rivalry among existing firms

    4. Needs and Wants

  3. Which of the following good sources of entrepreneurial ideas determine the interest, hobbies and preferences of people.

    1. Changes in the environment C. People’s enterest

    2. Technological discovery D. Past experiences

  4. Societal environment includes the following, except:

    1. Economic forces C. Political forces

    2. Sociocultural forces D. Natural resources

  5. Which among the following is the result of identifying entrepreneurial opportunities?

    1. Creation of entrepreneurial ideas C. Sources of opportunity

    2. Opening of entrepreneurial venture D. Entrepreneurial process

  6. What entrepreneurial idea will you recognized, if you consider the new discovery and advancement of technology as source of opportunity?

    1. Changes in the environment

    2. Technological discovery and advancement

    3. Government’s thrust, programs, and policies

    4. People’s interest



  1. Source of entrepreneurial idea where expertise and skills developeb by a person from its previous work can lead to the opening of a related business enterprise.

    1. Government’s thrust, programs, and policies

    2. Past experiences

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    1. People’s interests

    2. Technological discovery and advancement


Additional Activities
Conduct a short interview of any successful entrepreneur in your locality. Ask the following question:

  • What is the nature of your business?

  • Who are your customers?

  • What industry are you operating?

  • How much was your starting capital?

  • How many years in operation?

  • How many manpower involved from the start of operation until now?

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ANWERS KEY



Lesson 1 What I know (Pre-test)

  1. TRUE

  2. TRUE

  3. TRUE

  4. TRUE

  5. FALSE

  6. FALSE

  7. TRUE

  8. FALSE

  9. TRUE

  10. TRUE

  11. TRUE

  12. TRUE

  13. TRUE

  14. TRUE

  15. FALSE

Lesson 2 What I Know ( Pre-Test)



  1. FALSE

  2. TRUE

  3. TRUE

  4. FALSE

  5. TRUE

  6. TRUE

  7. TRUE

  8. FALSE

  9. FALSE

  10. TRUE

  11. TRUE

  12. TRUE

  13. FALSE

  14. TRUE

  15. TRUE

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