Name: ARJEL M.

MEREGILDO Course Year/Section: BSCE – 1B

I.

1. Entrepreneurship - the ability and readiness to develop, organize and run a business enterprise,
along with any of its uncertainties in order to make a profit. The most prominent example of
entrepreneurship is the starting of new businesses.
2. Entrepreneurs - a person who organizes and manages any enterprise, especially a business,
usually with considerable initiative and risk.
3. Human Resources - is the department in charge of all employees and employee-related
operations. As a term, we also use it to describe the entire workforce of an organization. In this
HR definition, we’ll focus on human resources as a business function .
4. Natural Resources - materials available on the planet that can be used to keep people alive
and meet their needs.
5. Capital Resources - all the man-made assets that are used to manufacture goods. These
resources include tools, machines, equipment, buildings, etc. Any tool or resource employed by
a business in the production process of goods or services is termed as a capital resource.
6. Strategic Planning – A high-leverage organizational strategy used in small and large companies
across nearly all professional sectors. All members of an organization can benefit from learning
about the strategic planning process in more detail.
7. Sole Proprietorship - is the simplest and most common structure chosen to start a business. It is
an unincorporated business owned and run by one individual with no distinction between the
business and you, the owner. You are entitled to all profits and are responsible for all your
business’s debts, losses and liabilities.
8. Partnership - a kind of business where a formal agreement between two or more people is
made who agree to be the co-owners, distribute responsibilities for running an organization and
share the income or losses that the business generates.
9. Corporation - a legal entity created by individuals, stockholders, or shareholders, with the
purpose of operating for profit. Corporations are allowed to enter into contracts, sue and be
sued, own assets, remit federal and state taxes, and borrow money from financial institutions.
10. Cooperatives - an autonomous association of persons united voluntarily to meet their common
economic, social and cultural needs and aspirations through a jointly owned and democratically
controlled enterprise.

II.

A. 1. Executive summary.
2. Business description.
3. Market analysis and strategy.
4. Marketing and sales plan.
5. Competitive analysis.
B. 1.
2.
3.
C. 1. Creativity
2. Professionalism
 3. Risk-taking
4. Passion
5. Planning
6. Knowledge
7. Social Skills
8. Open-minded
9. Empathy
10. The customer is everything
D. 1. Social Media Promotion
2. Mail Order Marketing
3. Customer Appreciation Events

III.

1. In life, it is advisable to plan first before doing a certain activity, or choices. Throughout our lives,
we are asked to plan things first and not choose to make hasty decisions because everything has
a certain effect whether it be positive or negative. Being prepared in anything is preferable so
we can control the effects that might happen. For an example, if I did not plan a certain
performance, then the effect will either be positive or negative. It is beneficial to plan in order to
narrow down the negative effect that a decision might bring .
2. It can help you improve processes and plan for growth. While similar to a competitive analysis, it
differs in that it evaluates both internal and external factors. Analyzing key areas around these
opportunities and threats will equip you with the insights to set your team up for success.
3. A document that outlines your business goals, strategies, and activities. It’s often used
to attract investors or secure loans from banks. Even if you’re not looking for outside
funding, a business plan can still be a helpful tool. It can help you develop a road map
for your business and keep you on track as you grow. It helps you to clarify your goals
and objectives. It can help you identify any potential challenges or risks you’ll face as
you grow your business. It serves as a roadmap for your business, helping you stay on
track as you develop new products, enter new markets, and hire more employees. It
gives potential investors or lenders an idea of what your business is all about and how
you plan to achieve your goals. It can help you stay organized and focused on your
business, even when things get busy and hectic. It can help you determine whether your
new product or service is viable and how to best position it in the market.
4. Is the use of social networks in order to market a company's products, such as through Facebook
or Instagram ads, using influencers, or otherwise building a presence online to engage with
customers. Example of Social Media Marketing AMAZON, AIRBNB, and HBO.
5.