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Ae15 Intacc AutoRecovered

The document discusses the concept of entrepreneurship, defining it as an activity aimed at generating profit through the production or distribution of goods and services. It highlights the positive impact of entrepreneurship on economic development, including job creation and innovation. Additionally, it outlines characteristics of small businesses and essential traits for entrepreneurs to achieve success.

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Jenalyn Guzman
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4 views2 pages

Ae15 Intacc AutoRecovered

The document discusses the concept of entrepreneurship, defining it as an activity aimed at generating profit through the production or distribution of goods and services. It highlights the positive impact of entrepreneurship on economic development, including job creation and innovation. Additionally, it outlines characteristics of small businesses and essential traits for entrepreneurs to achieve success.

Uploaded by

Jenalyn Guzman
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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Republika ng Pilipinas

Lungsod ng Batangas
COLEGIO NG LUNGSOD NG BATANGAS
www.clb.edu.ph | [email protected] | [email protected]
Tel. No.: (043) 784-7740 | (043) 784-7771

Canieso, Jenalyn G. BSA II-1

Activity 1: Introduction to Entrepreneurship

Q1. What is entrepreneurship?

Entrepreneurship is the purposeful activity of an individual or a group of


associated individuals, undertaken to initiate, maintain or aggrandize profit by
production or distribution of economic goods and services

Q2. How does entrepreneurship affect the economic development of a particular


society?

Entrepreneurship fosters a lot of economic development in a particular


society by means of job creation, driving innovation, generating wealth,
diversifying industries, improving standards of living, contributing tax revenue,
and enhancing global competitiveness.

Q3. Site three (3) characteristics of a small business.

The first of the three traits of a small business is its independent


management, where the owner also serves as the manager. Second, a tiny business
only needs a little amount of capital, which can be provided by one or a small
group of people. Last but not least, small businesses typically operate locally,
however there are instances in which the market is not verified to be local.

Q4. What should be the character of business owner/entrepreneur for him/her


realize the success of his/her business?
Republika ng Pilipinas
Lungsod ng Batangas
COLEGIO NG LUNGSOD NG BATANGAS
www.clb.edu.ph | [email protected] | [email protected]
Tel. No.: (043) 784-7740 | (043) 784-7771

An entrepreneur's vision consists of having a broad perspective and


establishing specific objectives that motivate them to proceed with commitment
purpose, and determination. The ability to adapt, innovate, perceive, and prioritize
the demands and expectations of consumers; precise financial knowledge; and,
finally, the ability to make efficient decision-making and maintain stability under
immense pressure.

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