LET US APPLY WHAT YOU HAVE LEARNED
Directions: Read the story below and answer the given questions.
Nena’s Travails
Ever since Nena was a young girl, she always liked to sew. Her love for
sewing prompted her to set up a business which included a variety of sewing
activities. She was in business as a sole proprietor but later set up the
business as a corporation with three shareholders, one of them being herself.
She was the primary shareholder of the business since she was the primary
provider of service. Unfortunate family circumstances occurred which
prompted her to put practically all entrepreneurial businesses on hold. She
needed more reliable week-to-week steady income so she decided to find a full
time job working for someone else. Prior to making the new job decision, Nena
and the other owners liquidated the business.
Nena still had a lot of calls from people who wanted to do some work. So,
she started up the business again as a sole proprietor, using a “cottage
industry” help because of a lack of time to commit to the management
function.
It has been often suggested to Nena that she revive her business. She
would like to do so in the future. She does, though, like her full-time position.
If she starts up the business again, she needs additional financing to buy
necessary supplies and materials to make a competitive comeback into the
marketplace for “oversized handkerchiefs”. Her target market has been tapped
by small-time seamstresses since terminating her business.
Nena would very much like to start up the business again but wants to
find the right kind of business ownership for her business. At the present time,
she does know anyone who has the skills/interests to work with her as a
partner in the business. She does know of several people who would be
interested in putting money into the business if she decided to either go into a
partnership, with them being silent partners, or make it a corporation. Use the
problem-solving process to help Nena come up with a practical decision.
A. Literal Comprehension
1. What is Nena’s problem/challenge?
______________________________________________________________________________
2. List all possible alternatives that are available to Nena.
______________________________________________________________________________
3. What criteria should Nena use in evaluating the alternatives?
______________________________________________________________________________
Making Inferences
4. Why is there a need for Nena to start a new business?
______________________________________________________________________________
Critical Thinking
5. Why is selecting business opportunities important?
______________________________________________________________________________
B. Choose the appropriate business opportunities that can be identified based
on the given problem by putting a check mark on the second column of the
table.
POSSIBLE BUSINESS OPPORTUNITIES
1. Retailing
2. Wholesaling
3. Merchandise/Products Servicing
4. Manufacturing
5. Fishery/ Agriculture
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