Name: Shaira D.

Comabig Course, Year & Section: BTLEd 2A

MODULE 1
APPLICATION

1. Entrepreneurship means that an individual must be able to take risk and know how to
manage and grow a business. An entrepreneur must possess a characteristics that helps the
business or to attract people to buy or try the products that you are selling. Entrepreneur
must be able to make a creative concept and strategy to easily captivate the interest of other
people.
2. The three rewards that an entrepreneurship may impact on individual, family and the
community are: growing business, having a knowledge about the product and promote
economic development. These rewards give a big impact to the community because it helps
people to have a knowledge it also inspire others to make or to be an entrepreneur as well
as it creates jobs to others which will help the community to improve.
3. For me gender and development is the unequal treatment of a woman to men when it
comes of being an entrepreneur. Gender and development means that in every gender has a
different development that becomes unequal especially to women. Women are given
importance in entrepreneurship because they possess great untapped potential, women
also has an effective communicational skill that is essential of being an entrepreneur. After
assessing our community, I can say that there is no gender disparity in terms of
involvement in entrepreneurship, women and men already has an equal treatment when it
comes to entrepreneurship.
4. The indifference approach is not a characteristics of a entrepreneurship among the given
options because it contradicts the active role entrepreneurs play in businesses. Indifference
approach defined as a lack of interest or concern, is incompatible with the active and involved
role that entrepreneurs take in their firms and the marketplace.
5. Creative thinking and entrepreneurship related to each other because through creative thinking
it helps a lot in developing new ideas or ways in improving an existing product or service to
optimize the business.
6. Sell dreams not product simply means to have an awesome value proposition. Most
common mistake that business owners make is creating a wonderful product but having no
clue how to market the experience that the product provides.

PERFORMANCE TASK

Appendix A – Entrepreneurial Self-Assessment Questionnaire

This is not a test! This survey is for your personal information. Please answer each of the following
questions as honestly as possible.
 Strongly Agree Somewhat Agree Strongly Disagree
5 4 3 2 1

______ 1. I am willing to work 50 hours or more per week regularly

______ 2. My family will support my going into business.
______ 3. I am willing to accept both financial and career risk when necessary.
______ 4. I don’t need all the fringe benefits provided by conventional employment.
______ 5. I would like to take full responsibility for the success and failures of my business.
______ 6. I would experience more financial success by operating my own business.
______ 7. I feel a great deal of pride when I complete a project successfully.
______ 8. I have a high energy level that can be maintained over a long time.
______ 9. I enjoy controlling my own work assignments & making all decisions affecting my work.
______ 10. I believe that I am primarily responsible for my own success and failures.
______ 11. I have a strong desire to achieve positive results even when it requires a great deal of
additional effort.
______ 12. I have a good understanding of how to manage a business.
______ 13. I can function in ambiguous situations
______ 14. One or both of my parents were entrepreneurs.
______ 15. I believe that my abilities and skills are greater than those of most of my co-workers.
______ 16. People trust me and consider me honest and reliable.
______ 17. I always try to complete every project I stat, regardless of obstacles and difficulties.
______ 18. I am willing to do something even when other people laugh or belittle me for doing it.
______ 19. I can make decisions quickly.
______ 20. I have a good network of friends, professionals, and business acquaintances.

______ total the numbers you placed before the statements and enter the total in the space provided.

Score Assessment
80 – 100 You have outstanding ability to be an entrepreneur.
60 – 79 You have satisfactory to be an entrepreneur.
40 – 59 Self-Employment may not be an appropriate career for you.
0 – 39 you should avoid entrepreneurship.

The total result of my entrepreneurial self-assessment questionnaire is 73 which belongs to

satisfactory ability to be an entrepreneur. This result made me realize that I have a capabilities and
has an ability to be a successful entrepreneur that could carry a business. The strength that I
possess is that I am a willing to work hours per day with a high energy level, I also have a great
foundation of people which is ready to help as well as people see me as a trustworthy and reliable
person which is great help in growing a business. Aside from having a strength, I also learned that I
have weakness that should be improve to be an outstanding entrepreneur. The areas that I need to
develop or improve is to have a more confidence to my ability and in trusting myself to every
decision that I’ll make. In addition to that I also have to control myself especially if I am in problem
or facing an obstacles.

ACTIVITY 2

After interviewing two entrepreneurs the traits, characteristics and abilities that I believe
that made them successful is there communication skills which helps to caught the interest and
attention of people to buy or try the products that they being sold. Another trait or characteristic is
their innovating skills which made them different from their other competitors. In addition they
also possess a risk taking ability which is essential when having a business, they are ready to take
risk as long as it profits them and will help to grow their business. They also have a determination
and self-motivated in their businesses that is a great trait that a entrepreneurs should have. The
characteristics , traits and their ability is such a great lesson especially to those people who are
planning to have a business.

MODULE 2
APPLICATION
Learning Task
1. Business is an economic activity that generates money. It includes exchange of goods and
services, purchasing, selling, production of product that has a goal of earning profits and
satisfying the needs of the consumer. The essential characteristics of business is the buying
and selling, taking risk, creative and dynamic, customer satisfaction and many more that
will help to improve and grow the business.
2. The internal environment and the external environment are the two types of company
environments. The external environment has an immediate and indirect impact on business
operations, personnel, and income, it modifies the company on a continuous basis in ways
that the organization cannot control and it includes all entities that exist outside its limits.
While the internal environment informs and influence internal decision making such as
market conditions and the regulatory requirements.
3. The difference between internal environment and external environment is that;
internal environment have a direct impact on the operations and outcomes of the business,
on the other hand external environment indirectly affect the organizations operation and
outcome of the business. In addition internal environment refers to all of the forces and
conditions present within the company that can affect how it operates. While, external
environment is a collection of all external forces that have the potential to affect the
performance, profitability, and functionality of the business.
 Micro and macro are the two types of external environment in which micro
environment also known as the task environment and operating environment, it is more
intimately linked with the company than the macro factors. Micro operating environment
has a direct impact on its strategy are customers, suppliers, media, employee, shareholders
and competitors. On the other hand macro environment is also known as general
environment and remote environment which is primarily concerned with major issues and
upcoming changes in the environment and has a far reaching input on their operations.
4. The varied skills of a business are; leadership, delegation, negation, communication skills,
time management, analytical skills team work, conflict resolution, project management,
emotional intelligence, adaptability management skills, collaboration, sales and marketing
and many more.
5. Small business is an enterprises that have a fewer employment, lower revenue and
operating independently in larger, they produce products and services on a small scale.
Small business is adaptable to shifts in the business climate, allowing owners to quickly
switch up their business plans or even close their doors and start other ventures. This
business is mostly owned or operated by one person and not supported by professional
workforce.
6. There’s a big difference between small business and large business, small business has only
small group of people working or only in charge by one person and prioritizing selling in a
certain market before expanding into other markets. While large business are rigid
hierarchy and a bureaucratic structure because of having lots of employees and typically
have a longer history of operation and a better-established reputation.

Fill in the Blanks

1. A partnership firm requires at least two (2) persons.
2. The partners are liable jointly and severally for all the debts and obligations of the firm.
3. There exists a fiduciary relationship between partners.
4. The persons who own the partnership business are individually called partners and collectively
known as firm.
5. A company has an independent and separate existence.
6. A company is managed by board of directors.
7. A co-operative society is a voluntary association.
8. Membership of a co-operative is ___________________
9. A co-operative’s primary motive is to serve the community.
10. The minimum membership to get a co-operative registered ten (10) members

MODULE 3

LEARNING TASK
1. Marketing mix is a set of factors that use by a company to achieve its target or to catch the
attention of the consumer to try or to purchase their products. Marketing mix is group into
four elements which are known as 4Ps, product, its price, place and promotion, this
classification helps to develop an effective marketing strategy that helps the business to be
successful.
2. The elements of marketing mix are product, price, place and promotion. Product refers to
customer's need or desire must be met by the good or service being offered. Price is an item
should be priced appropriately that is, neither too high nor too low to meet customer
expectations. Place the location where the product can be purchased is important for
optimizing sales. Promotion, public needs to be informed about the product and its features
to understand how it fills their needs or desires. This elements is important for it help to
enhance the effectiveness of a business marketing effort and help the business to grow.
3. Product life cycle refers to the duration of a product's market introduction to consumers
before it gets taken off the shelves. It assists in providing context for company decisions
made on everything from cost-cutting to expansion and promotion.
4. The four stages of product life cycle are: introduction stage, growth stage, maturity stage
and decline stage. Introduction stage, is where the first introduction of the new product to
the customers, companies advertise their new product using online for the customers to be
aware that they have a new product that they should purchase because of its benefits.
Growth stage, during this stage if the product is successful and the demand is growing
companies will expand its availability and increase the production of the product. The
mature stage of a product's life cycle is the most profitable, as it is when the expenses of
production and marketing begin to fall, during this stage competition is at the highest level.
The last stage of product life cycle is the decline, as the product faces more competition as
other companies try to replicate its success, it may lose market share and begin to decline.
Due to market saturation and alternative offerings, product sales begin to decline, and the
corporation may decide not to continue future marketing initiatives.
5. The product life cycle in the operation of the enterprise is important because it allows
businesses to determine whether their products are meeting the needs of their target
market and, as a result, whether they may need to shift their focus or produce something
new.
6. Business plan is the detailed goal and plan to achieve the goals. Business plan is a written
document where it contains the goal of the business, strategy on achieving and time frame
for the achievement of goals. It is the whole plan or the overview of the business in the
future.
7. The purpose of business plan is to create an effective strategy for the business growth and
to identify, describe, and analyze a business opportunity and/or an existing firm, examining
its technical, economic, and financial feasibility. In addition, it also serve as a guide of what
steps should the business take.
8. A marketing plan is an operational document that details an organization's advertising
strategy for generating leads and reaching its target market. A marketing plan outlines the
promotion and public relations activities that will be implemented over time, as well as how
the organization will measure the impact of these initiatives.
9. The difference between business plan and marketing plan is that business plan is a broader
document covers every aspects in business such as supply chain, operation, human
resources, material cost as well as marketing and a marketing plan is just a part of business
plan. In addition to that business plan covers longer time than the marketing plan, it mostly
covers five years while the marketing plan is about a year to three years.