3_Q1 Entrep_.pptxSSANANSANSANSAanananana

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1. ENTREPRENEUR SHIP Quarter 1 – WEEK 3 Recognizing the Potential Mar ket

2. Learning Outcomes : Upon the completion of the given unit, the SHS students are expected t o demonstrate understanding of the market for the opportunity in its needs as part of an acceptable business plan.

3. Completion . Rewrite each sentence properly and completely by appropriately inserting the word MARKET in place. Write each correct answer clearly in a separate sheet. 1. a place brings buyer and seller in the same location. __ _________________________________________________________________________ 2. exists whenever buyer and seller come together. ______________ _____________________________________________________________ 3. virtual are done through telecommunications or the internet. ______________ _____________________________________________________________

4. 4. stores are example of a physical. __ ______________ ___________________________________________________________ 5. potential is about possible customers. __ _________________________________________________________________________ 6. telecommunications or internet is a non -physical. __ _________________________________________________________________________ 7. keep customers and identify your new potenti a l . ______________ _____________________________________________________________

5. 8. a potential is part of the population with interest to buy a good or service. ______________ _____________________________________________________________ 9. study buyers and competitors as your analysis. ______________ _____________________________________________________________ 10. analyze to study the on customers and competitors. ______________ _____________________________________________________________

6. It is better for you to remember some basic points on job and career opportunities in entrepreneurship. Think back then, move forward. Identification. Unscramble the letters for the correct answer to match each definition on the types of business. Wri te each correct answer clearly in a separate sheet. 1. ADEEHILPRSS ________________ It is an e stablishment authorized to buy and sell specific goods, especially motor vehicles.

7. 2. DCEIRT EIGLLNS ________________ I t i nvolves distributors selling directly to buyers. 3. DSIIRTHSIROUBTP _________________ It is a franchise granted by a manufacturer or company to market its goods especially at wholesale in a particular area.

8. 4. FSHNRCANIIG __________________ It a cquires distribution centers through the franchisees or the affiliated dealers. 5. ALLMS BEISUSNS __________________ It is c ommon in neighboring areas with the least in investment and asse t.

9. MARKET The definition of market says that a market exists whenever the buyer and seller come together. A physical marketplace brings buyers and sellers together in the same location. You could be familiar with the old idea of a market, which is a physical place where buyers and sellers come together. This still happens, of course, but nowadays buyer and seller do not have to be in the same place all the time, to do trades with each other. Those shopping malls, department stores, and retail stores are examples of your physical markets while Non-Physical Markets or Virtual markets, are done through telecommunications or the internet

10. Potential market is about possible customers. There are the people or demographic groups from the total population that are not yet in your list of sure customers. They could still be your sure customers if you: • add to your available products or services • start promoting your products and services in a new way • catch new groups of buyers.

11. To keep customers and identify your new potential markets, take note of what they have in common with each other like events in their lives that will influence buying patterns, and where they connect or separate. Many entrepreneurs attest to this. It is your business to give customer satisfaction. As an entrepreneur you must clearly identify the right customers for your right product or service, and then focus all your marketing, advertising, and sales efforts on this customer.

12. Whatever product or service your business will provide, it is a must to make sure that there is high demand for it before investing time and money. That is why it is a must to study buyers, as part of what you analyze in the market along with competitors and other aspects. These are moves mentioned by entrepreneurs.

13. Enumeration and brief essay. Write answers briefly and clearly in a separate sheet of paper. Fill out with details. 1 . Two (2) examples Physical market 2 . Two (2) examples Non - phys ical mar ket 3 . Your preferred ty pe One (1) reason. Why is it your choice? https ://www.bing.com/?scope=images&nr=1&FORM=NOFORM 1. a. ____________ ______ 2. a. _________________ 3. a. __________________ b. __________________ b. _________________ __________________

14. Brief Essay. Write the answer clearly in a separate sheet. Only one (1) answer per number. What is it that yo ur neighbors like in common? ____ ______ What is it that your n eighbors dislike in com mon? _ ________ What business idea can you think of from both the common like and dislike? _____ _______

15. Assessm ent This is it. You now reveal your potential in business! MULTIPLE CHOICE: Read and understand each item carefully. Write the corresponding letter of the correct answer. __ 1. The Buyer and seller come together . Which is the result? A. A market will then ebb. B. A market will then end. C. A market will then e xit . D. A market will then exist. __ 2. A market can be physical and non - physical or virtual. How is this possible? A. A market can be Actual and non - actua l. B. A market can be Local and non - local location . C. A market can be a m aterial and non - material type. D. A market can be a place or seen through the internet.

16. __3. A potential market must be identified. Why must it be identified? A. This part of the population shows interest in the buyer. B. This part of the population shows interest in the product or service. C. This part of the population shows interest in the regularity of sales. D. This part of the population shows interest in the total manufacture. __4. Know the customer and competitors. How is this done? A. Analyze the buyer. B. Analyze the costs. C. Analyze the deals. D. Analyze the market .

17. __5. There are people that could still be your sure customers. Which is wrong? A. Add to your available products or services. B. Bring change in all possible ways and have it done. C. Catch new groups of buyers or demographic groups. D. Start promoting your products and services in a new way. _6. A seller receives a call from a buyer. How does the market exist in this case? A. vacant/open market B. virtual/non - phys ical market C. voucher/all alternative market D. voyage r /ever travelling market

18. __ 7. A buyer books an online order or via internet. Is there a market that exist? A. Yes, it is a non - alter market . B. Yes, it is a non - open market . C. Yes, it is a non -direct market . D. Yes, it is a non - physical market . __ 8. People still go to stores or places to buy. What market exist in this practice? A. alternative market B. direc t - order market C. open - close market D. physical type market __ 9. The potential market is essential in business. Why is it so? A. It is the possible areas. B. It is the possible customers. C. It is the possible delivery. D. It is the possible manufacturers.

19. __ 10. Take note on what is common among customers. Why is this done ? A. To know on the betting behavior. B. To know on the bidding behavior. C. To know on the booking behavior. D. To know on their buying behavior . __ 11. Businesses provide products and services. H ow else should it serve? A. Provide details for customers. B. Provide options for customers. C. Provide satisfaction for customers. D. Provide technologies for customers. __ 12. Business is an investment of time and money. How to be sure about it? A. Be sure of high access. B. Be sure of high booking. C. Be sure of high costing. D. Be sure of high demand.

20. __ 13. A market analysis must be done. How is this done? A. Study on agents and advertisers. B. Study on customers and competitors. C. Study on dealership and distributorship. D. Study on forwarding and franchising set up. __ 14. The old idea of a market still happens. Which is a false market statement ? A. A place where buyer and seller transact is a market. B . Each time a buyer and seller transact there is a market. C. Telecommunication and online transactions make a market. D. Virtual i s an old idea of businesses transacting in a market. __ 1 5. A potential market is part of a total population. Which statemen is true ? A. A potential market must be identified. B. A potential market only can buy to sell. C. A potential market will become a sure customer. D. A potential market with interest in paying for products or services.