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DEPARTMENT OF EDUCATION REGION III

Schools Division of Tarlac Province
Macabulos Drive, San Roque, Tarlac City

Learning Activity Sheet

in

Business Enterprise
Simulation
Quarter 3 - Week 1
Finding Business Opportunities
(ABM_BES12-Ia-c-1)
Business Enterprise Simulation – Grade 12
Learning Activity Sheet
Quarter 3 – Week 1: Finding Business Opportunities
First Edition, 2022

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Published by the Department of Education

Regional Director: MAY B. ECLAR, PHD, CESO III
OIC-Assistant Regional Director: RHODA T. RAZON, EdD, CESO V

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Department of Education – Region III, Schools Division of Tarlac Province

Office Address: Macabulos Drive, Brgy. San Roque,

Tarlac City 2300 Tarlac
Telefax: (045) 982 0345 | 982 0374
Email Address: [email protected]

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At the end of the Learning Activity Sheet, you should be able to:
1. Undertake the research on and analysis of business opportunities
present in their community (ABM_BES12-Ia-c-1);
2. Provide techniques for generating business ideas as well as for
identifying and assessing business opportunities;
3. Appreciate the importance of having a good business idea as a
prerequisite for a successful business start-up and for an existing
business; and
4. Know how to generate business ideas.

Let’s check your prior knowledge about the topic. Answer the Know and
Want to Know components of the Know-Want-Want to Know-Learned (KWL)
chart legibly. Write word/s or phrases for the Know component, for the Want
to Know component, state your responses in a question form, you can write
as many responses as you want for each component. Write and submit in the
big notebook together with your name, grade and section.
KWL Chart
Topic Know Want to Know Learned
Definition of
Business Idea
Importance to
generate ideas
Guide Questions
1. Based on what you have written on the Know component of the chart,
what do you know about Business Ideas and their importance?
2. If you were to think of a question that you want to ask about Business
Ideas, what would it be?

A business idea is a starting point for any current or future

entrepreneurs. It is the beginning of a new life- the life a business and the life
of an entrepreneur. (www.entrepreneurship.inabox.com)

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 Finding a good idea is the first step in transforming the entrepreneur’s
desire and creativity into a business opportunity.
Lesson 1 Generating Ideas
A business idea is a plan, suggestion or a possible course of action.
(www.collinsdictionary.com)
The reasons why you should generate business ideas are…(Know
about Business Manu et.al 2005);
1. To respond to market needs.
2. To respond to changing fashion requirements.
3. To stay ahead of the competition.
4. To exploit technology- do things better.
5. Because of product life cycle.
6. To spread risk and allow for failure.
Sources of Business Ideas
1. Hobbies/interests
2. Personal skills and Experience
3. Franchises
4. Mass media (newspaper, magazines, TV and internet)
5. Exhibitions
6. Surveys
7. Complaints
8. Brainstorming
9. Creativity

Creativity is the ability to design, form, make or do something in a new

different way, and to be creative you need to keep your mind and eyes open.
The ability to come up with creative solutions to needs/problems and to
market them often makes the difference success and failure in business. It is
also distinguishing, high-growth or dynamic businesses from ordinary to
average firms.
Brainstorming is a technique for creative problem solving as well as for
generating ideas. The objective is to come up with as many ideas as possible.
It is usually starting with a question or problem statement. Each idea leads
to one or more additional ideas, resulting in a good number.
Four Rules:
1. Don’t criticize or judge the ideas of others.
2. Freewheeling is encouraged-ideas that seem to be wild or crazy are
welcome.
3. Quantity is desirable- the greater the number of ideas is better.
4. Combine and improve upon the ideas of others.

Lesson 2 Identifying and Assessing Business Opportunities

Business opportunity may be defined simply as an attractive
investment idea or proposition that provides the possibility of a return for the
person taking the risk. Such opportunities are represented by customer
requirements and lead to a provision of a product or service which creates or
adds value for its buyer or end-user.
The distinction between ideas and opportunities

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 1. A good idea is not necessarily a good opportunity. Consider for example,
that over 80% of all new products fail.
2. So, what turns an idea into a business opportunity? To put it simply,
Income exceeds Cost = Profit.
3. Examine the characteristics of a good business opportunity.
Characteristics of a Good Business Opportunity
1. Real demand;
2. Return on investment;
3. Be competitive;
4. Meet objectives; and
5. Availability of resources and competencies.

Identifying and Assessing Business Opportunities

Ideas and opportunities need to be assessed to viability once they have
been identified and generated. Identifying and assessing Business
Opportunities involves, in essence, determining risks and rewards/returns
reflecting the following factors:
1. Industry and market
2. Length of the “window of opportunity”
3. Personal goals and competencies of the entrepreneur
4. Management team
5. Competition
6. Capital, technology and other resource requirements
7. Environment

Multiple Choice. Read and answer each statement carefully. Write your
answer on your notebook.
1. Which of the following is the definition of Business Opportunity?
a. may be defined simply as an attractive investment idea or
proposition that provides a possibility of a return for the person
taking the risk.
b. it is an important part of the economic growth strategies of many
local and national governments around the world.
c. refers to a person who sets up a business with the aim to make a
profit.
d. the act of creating a business or businesses while building and
scaling it to generate a profit.
2. Which of the following is not the reason for generating business ideas?
a. to respond to changing fashions and requirements
b. to respond to market needs.
c. to become rich.
d. to stay ahead of the competition.

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 3. Which of the following is not a good characteristic of a good business
opportunity?
a. real demand
b. return on investment
c. e competitive
d. risk.
4. Which of the following is not a source of business ideas?
a. mass media
b. exhibitions
c. marketing
d. surveys
5. Which of the following words is not associated with business ideas?
a. innovative
b. opportunity
c. impulsive
d. creative

Independent Activity 1: In the list of hobbies/interest listed below; choose

one idea you wish to develop into a business. Using your paper or notebook,
describe your idea and the resulting product or service in detail, including
who the likely customers might be.
a. cooking or baking d. team or individual sports
b. painting e. planting
c. playing instrument
Description of the idea ____________________________________________________.
Independent Activity 2: Enumeration. Give what is asked in the items below.
Write your answer on your paper or notebook.
Items
1. Give at least three reasons why you should generate ideas?

2. Give at least three factors in identifying and assessing business

opportunities?

3. Give at least three sources of business ideas.

4. Give at least three characteristics of a good business opportunity.

5. Give at least three rules of brainstorming.

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Direction: Write what you have learned in the KWL chart in the L component
about this topic. Write your answer on your paper.
Topic Know Want to Know Learned
Definition of
Business Idea
Importance to
generate ideas

You are task to identify business ideas from the articles as well as the
commercial opportunities section of a newspaper or magazine. The
commercial section may contain advertisements for businesses or machines
on sale while article may describe new types of businesses or announce
changes in fashion or consumer needs. Then, for each chosen idea, give
reasons as to why you are interested in it. Write your answer on your
notebook.

Storyboard. Choose a situation below and think of a business that could be

generated and create a storyboard out of it.
1. Marian is currently having a financial problem; she owns a computer
and a printer.
2. Keno knows how to cook; he lives in a subdivision and needs money.
3. Uriel was a barista in a coffee shop but due to the pandemic; the shop
was closed.
From the storyboard that you created, what do you think are the reasons
why you should generate a business?

Scoring Rubrics
5 points The illustration is well illustrated, organized and the idea
is very relevant to the question and has no grammatical or
spelling errors.
4 points The illustration is fairly illustrated, and the idea is almost
relevant to the question and has one grammatical or
spelling error.

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 3 points The illustration is somewhat relevant to the questions and
has two or three grammatical or spelling errors.
2 points The illustration is unclear and has four grammatical or
spelling errors.
1 point The illustration does not address the question and has
more than five grammatical or spelling errors.

Learning Activity Sheet in Subject

Quarter - Week 3: Finding Business Opportunities
(ABM-BES12-Ia-c-1)

Key to Corrections
Let’s Practice: Multiple Choice
1. A
2. C
3. D
4. C
5. C
Other answers on each activity may vary.

For inquiries or feedback, please write or call:

Department of Education – Region III

Schools Division of Tarlac Province

Office Address: Macabulos Drive, Brgy. San Roque,

Tarlac City 2300 Tarlac
Telefax: (045) 982 0345 | 982 0374
Email Address: [email protected]