entrep quiz

Entreprende

entrepreneurship came from a french word that means to undertake

Entrepreneurs

ppl who take risks and challanges of starting a new business

Employment creation

frequently hirr employees to complete tasks. employment increases

Economic development

by expanding operations, investing. Contributing to a country’s prosperity

Technological Advancement

new ideas and products that change how ppl live

Market Dynamics

emergence of new competitions may expand the options available

Socio-cultural advancements

revolutionizing the way societal challanges are being approached and solved

Agripreneurship

selling various agricultural goods

Buyer Entrepreneurship

individuals who have substantial capital to acquire established companies or merge with smaller businesses

Ecopreneurship

ppl who want to create a “green” business

Imitator Entrepreneurship

creates a business by copying or adapting an existing business concept

Intrapreneurship

entrepreneur within a company or organization

Large business entrepreneurship

taking calculated risks to develop new market offerings

scalable startup entrepreneurship

involves launching a small-scale enterprise

intending to quickly expand and transform into

a highly lucrative company. It is focused ondisruptive innovation and can continue or renew

itself indefinitely.

small business entrepreneurship

involves starting a business on a smaller scale

rather than expanding it into a large corporation

or opening multiple branches. It is easy to

manage because it employs minimal employees

or is often just a one-person team.

social entrepreneurship

focuses on innovating and creating novel solutions to address pressing social issues

Technopreneurship

solves complex business problems and brings

uniqueness and novelty to the business process

by combining entrepreneurial skills and

technology.

Small, Medium, and Micro-sized Enterprises

(SMME)

are any business activity or enterprise engaged

in industry, agribusiness, and services, whether

single proprietorship, cooperative, partnership,

or corporation, whose total assets are inclusive

of those arising from a loan but exclusive of the

land on which the business is situated, under the

following capitalization

Sole Proprietorship

it is initiated, organized, owned, and managed

by a single person

Partnership

two (2) or more partners who co-own a business

to make a profit

Corporation

exist in contemplation of law; the business has

its own identity separate and distinct from

stockholders

Cooperative

a duly registered group of persons with a

common interest to voluntarily join to achieve a

lawful social and economic end

Extrinsic motivation

It is about motivating individuals to complete a

task by offering rewards such as money, gifts, or

treats. However, this type of motivation fades

away when the reward is absent or not at par

with their interest.

Intrinsic motivation

People do the task at hand because they are

passionate about the business.

achievement motive

Have a strong motivation to succeed, achieve

greatness, and conquer any difficulties and

hurdles in the quest for objectives.

power motive

The desire for control, influence, and the ability

to impact others and change circumstances.

affiliation motive

The act of pursuing, upholding, or revitalizing an

emotional connection with others.

motivation theory

suggest that behavior is not random but rather

driven by a purpose to achieve specific

objectives. In other words, entrepreneurial

motivation refers to an entrepreneur's drive to

continue engaging in entrepreneurial activities