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Way He Talks, Appearance and His Overall Physical Attributes

The document discusses several key entrepreneurship concepts: 1. Manpower refers to the human resources or personnel required for a company, including their traits, skills, and physical attributes. 2. Machinery refers to automated devices that enhance human capabilities in production and processing. Timely machinery transport is important for meeting business goals. 3. Materials include raw and processed goods, components, parts, and consumables used directly or indirectly in production. 4. Method refers to established processes and procedures used to efficiently achieve goals in an ordered sequence of steps. 5. Applicants are people who apply for jobs by filling out forms and participating in interviews. The best activity for market analysis

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Shella Mae Line
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104 views2 pages

Way He Talks, Appearance and His Overall Physical Attributes

The document discusses several key entrepreneurship concepts: 1. Manpower refers to the human resources or personnel required for a company, including their traits, skills, and physical attributes. 2. Machinery refers to automated devices that enhance human capabilities in production and processing. Timely machinery transport is important for meeting business goals. 3. Materials include raw and processed goods, components, parts, and consumables used directly or indirectly in production. 4. Method refers to established processes and procedures used to efficiently achieve goals in an ordered sequence of steps. 5. Applicants are people who apply for jobs by filling out forms and participating in interviews. The best activity for market analysis

Uploaded by

Shella Mae Line
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Activity No.

1 (ENTREPRENEURSHIP)

Name: Shella Mae S. Line Date: May 29, 2020

Course & Section: BSN II - ORLANDO Score:_____________

Explain the meaning of the following concepts.

1. Manpower – Refers to personality required to a worker's traits, manners, values, the


way he talks, appearance and his overall physical attributes. Manpower is defined as the
total of number of individuals who are employed in a company or available for a particular
project assignment or work. In an organization the manpower needed for a particular work and
in future is estimated and planned through different techniques available. This concept is called
manpower planning.

2. Machine - Semi or fully automated device that magnifies human physical and/or mental
capabilities in performing one or more operations. The importance of machinery transport to
any production or processing company cannot be underestimated. ... Punctual machinery
transport ensures that a business meets its goals, maintains their customer satisfaction, keeps
the employees motivated, reduces the cost of production and ups the business's revenue.

3. Materials - The matter from which something can be made. Material can include but is not
limited to raw and processed material, components, parts, assemblies, sub-assemblies, fuels,
lubricants, coolants, cleaning agents, and small tools and accessories that may be consumed
directly or indirectly.

4. Method - An established, habitual, logical, or prescribed practice or systematic process of


achieving certain ends with accuracy and efficiency, usually in an ordered sequence of fixed
steps. See also scientific method and procedure.

5. Applicants - An applicant is a person who applies for something like job application when
you want to work you often fills out a form and then enterviews for the position you
hopes to get.

Activity No. 2 (ENTREPRENEURSHIP)

1. What are the common barriers to entry that the entrepreneurs can experience in business
operations?
- These are the hindrances or something mateytaht block or intend to block passage. It is a
natural formation or structure that prevents or hinders movement or action or even separates
the new businesses.
Here are few examples of barriers to entry:
1. Investment (project that requires a huge investment)
2. Technology (application of the combination of scientific and engineering knowledge)
3. Brand (the huge marketing cost required to get a certain level of appreciation
4. Regulation (licenses and permits in particular)
5. Access to resources (exclusively with suppliers, accessibility of suppliers)
6. Access to distribution channels (exclusively with distributors, availability of intermediaries)
7. Location (place, venue where the business is Located

2. What is the best activity recommended in market analysis?


- A key part of any business plan is the market analysis. This section needs to demonstrate both
your expertise in your particular market and the attractiveness of the market from a financial
standpoint. This article first look at what we mean exactly by market analysis before looking at
how to make a good one for your business plan
A market analysis is a quantitative and qualitative assessment of a market. It looks into the
size of the market both in volume and in value, the various customer segments and buying
patterns, the competition, and the economic environment in terms of barriers to entry and
regulation.
 How do you determine if there are enough people in your market who are willing to purchase
what you have to offer, at the price you need to charge to make a profit? The best way is to
conduct a methodical analysis of the market you plan to reach. You need to know precisely who
your customers are, or will be.
 Once obtained, this type of information can help you in two very important ways. It can help
you develop or make changes to your product or service itself, to better match what your
customers are likely to want. It can also tell you how to reach your customers through
advertising, promotions, etc.

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