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Entrepreneurial Mind Presentation

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Questions and Answers

What is the main goal of the Philippine Development Plan (PDP) in relation to entrepreneurship?

Reducing competition policies in the country

Fostering innovation and contributing to economic growth (correct)

Encouraging entrepreneurship in urban areas only

Discouraging small businesses from expanding

How does a franchise differ from buying a small business?

Buying a small business does not involve a transfer of ownership.

A franchise involves purchasing a license from an existing branded business. (correct)

In a franchise, the entrepreneur partners with an existing business owner.

Buying a small business requires the entrepreneur to develop a unique business model.

What is one way in which social entrepreneurs contribute to society?

By avoiding partnerships with other businesses

By focusing solely on maximizing profits

By neglecting the needs of the community

By pursuing innovative solutions to community-based problems (correct)

What is one common characteristic of serial entrepreneurs?

They constantly create fresh ideas and start new businesses Signup and view all the answers

Which organization in the Philippines provides support for the startup ecosystem and aims at empowering small businesses?

Philippine Chamber of Commerce and Industry Signup and view all the answers

What does Oprah Winfrey's company Harpo Productions, Inc. mainly focus on?

Media production including 'The Oprah Winfrey Show' Signup and view all the answers

What is one focus area of the Philippine Chamber of Commerce and Industry?

Fostering a healthy Philippine economy and improving business viability Signup and view all the answers

What distinguishes social entrepreneurs from traditional entrepreneurs?

Social entrepreneurs pursue innovative solutions to community problems Signup and view all the answers

What is one key aspect emphasized by Go Negosyo Communities in its programs?

'Mentorship programs' aimed at equipping entrepreneurs with necessary knowledge and skills Signup and view all the answers

What is an essential goal of entrepreneurship in a developing country like the Philippines?

Facilitating social empowerment and wealth creation Signup and view all the answers