Definition of Terms: Po fully understand this module, please read carefully the definitions in column A and match it with the word/phrase in column B. Write your answer in a sheet paper. Column A Column B A. Livelihood B. Entrepreneurship 1. It involves developing new products or improving existing technologies, processes, designs and marketing to solve problems, increase efficiency, reach new customers, and ultimately increase profits 2. Involves sale or lease of any product, service, equipment, etc. that will enable the purchaser-licensee to begin a business. 3. Refers to the act of creating a business or businesses while building and scaling it to generate a profit 4. Refers to their "means of securing the basic necessities (food, water, shelter and . clothing) of life". 5. The system of production, distribution and consumption. The overall measure of a currency system; as the national economy. 6. Is a person who sets up a business with the aim to make a profit C. Social Chang D. Socioeconomic E. Business Opportunity F. Business Venture 7. Refers to any significant alteration over time in behavior patterns and cultural values G. Relevance and norms. 8. Related to the differences between groups of people caused mainly by their financial H. Business situation. Innovation 9. It is a new business that is formed with a plan and expectation that financial gain will I. Entrepreneur follow. It is usually formed out of a need for a service or product that is lacking in the market J. Economy 10. It is simply the noun form of the adjective "relevant," which means "important to the matter at hand."
Answers
Explanation:
Definition of Terms: Po fully understand this module, please read carefully the definitions in column A and match it with the word/phrase in column B. Write your answer in a sheet paper. Column A Column B A. Livelihood B. Entrepreneurship 1. It involves developing new products or improving existing technologies, processes, designs and marketing to solve problems, increase efficiency, reach new customers, and ultimately increase profits 2. Involves sale or lease of any product, service, equipment, etc. that will enable the purchaser-licensee to begin a business. 3. Refers to the act of creating a business or businesses while building and scaling it to generate a profit 4. Refers to their "means of securing the basic necessities (food, water, shelter and . clothing) of life". 5. The system of production, distribution and consumption. The overall measure of a currency system; as the national economy. 6. Is a person who sets up a business with the aim to make a profit C. Social Chang D. Socioeconomic E. Business Opportunity F. Business Venture 7. Refers to any significant alteration over time in behavior patterns and cultural values G. Relevance and norms. 8. Related to the differences between groups of people caused mainly by their financial H. Business situation. Innovation 9. It is a new business that is formed with a plan and expectation that financial gain will I. Entrepreneur follow. It is usually formed out of a need for a service or product that is lacking in the market J. Economy 10. It is simply the noun form of the adjective "relevant," which means "important to the matter at hand."
Answer:
Exact Definitions in Column B are matched with words in Columns A.
Explanation:
Livelihood- Refers to their "means of securing the basic necessities (food, water, shelter, and clothing) of life."
Entrepreneurship- Refers to the act of creating a business while building and scaling it to generate a profit.
Social Change- Refers to any significant alteration over time in behaviour patterns and cultural values.
Socioeconomic- Related to the differences between groups of people caused mainly by their financial situation.
Business Opportunity- Involves the sale or lease of any product, service, equipment, etc. that will enable the purchaser-licensee to begin a business.
Business Venture- It involves developing new products or improving existing technologies, processes, designs and marketing to solve problems, increase efficiency, reach new customers, and ultimately increase profits.
Relevance and norms- It is simply the noun form of the adjective "relevant," which means "important to the matter at hand."
Innovation- It is usually formed out of a need for a service or product that is lacking in the market.
Entrepreneur- A person who sets up a business with the aim to make a profit.
Economy- The system of production, distribution and consumption. The overall measure of a currency system; is the national economy.
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