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Entrepreneurship: Quarter 1 - Week 4 - Module 4
Entrepreneurship: Quarter 1 - Week 4 - Module 4
DEPARTMENT OF EDUCATION
Region I
Schools Division Office I Pangasinan
Pangasinan National High School
Lingayen, Pangasinan
ENTREPRENEURSHIP
Quarter 1 - Week 4 – Module 4
Most Essential Learning Competency:
Recognize a potential market; Analyze the market need; Determine
the possible product/s or service/s that will meet the need; Screen
the proposed solution/s based on viability, profitability and
customer requirements; and; Select the best product or service that
will meet the market need.
I really find it easy to manage and solve my own problems because in order
to became a successful when it comes to business you need to understand
and to be able to manage your own problems first, before you manage the
problems of your business. and I would like to improved my managing
skills.
As a student I like to study about business and also one how to manage
it. I know that if I learn these things I will be able to achieve it and
Someday I will became a successful entrepreneur.
When I start my own business , I will try to work hard on my social skills, setting
my realistic goals, dealing with my failures, and my innovation skills. and I will learn
to became flexible, adaptable, patience, hardworking and etc. and Also to be able to
stand out with my own confidence.
Name: _DARLENE D. DAVID _________________________ Date: _11/04/20_____
So how do you start? To make a product successful, you must be personally and emotionally
committed to its success. Once you've got a product or service in mind, you need to begin
with a self-analysis:
1. What kinds of products do you like, enjoy, consume and benefit from?
I think it's clothes because it be used for a long time. Sometimes when I got
nothing to do, I just grab a sketch pad and try to imagine, on what kind of dress that i
want to made. I also search some fashion trend and try to improved the design based on
what my style is.
3. Can you see yourself getting excited about this product or service?
I guess, I would like to try it, because I can also use it as an advertisement.
5.Would you sell it to your mother, your best friend, your next-door neighbor?
Yes, I would like to sell it to my mother, my best friend and even my
neighborhoods. So that my profit can increased.
6. Can you see yourself selling this product or service for the next five to 10 years?
Yes, I can see myself selling this product for the next five to 10 years.
7. Is this a product or service that you intensely desire to bring to the market place?
I think, I can bring it to the market place. Because I would like to expand my
business and also I want my own Dress Shop in the market place.
8. What is to be sold, exactly? Describe the product in terms of what it does for the
customer.
It can cost 200 up to 500 pesos per one dress and it's depend on what type of
dress they looking for. This product also have different quality on what style or design
is made off. For example We can personally made a dress in different occasion.
This product can be sold to everyone. My ideal customer is they are easy to
communicate with, they appreciate what you do for them, and also they recommend you
to others.
10. What kind of customers will you be selling the product to?
1. Quality
● The quality of the product or services must be relevant, appropriate,
efficiency, easy to use, secured, longevity, usability and needs a
fulfillment.
2. Value
● The value must be worth it , useful , profitable , and beneficially to
everyone.
3. Price
● The price must be affordable to everyone. And Its can cost according to
the SRP ( SUGGESTED RETAIL PRICE ).
4. Customer Service
● The customer service must be detailed, specific, and honest. It can be
trusted. Provide useful information regarding on what type of business
they offer to the customer.
5. Availability