BSM 1501 ASSIGNMENT 1

BSM1501/101/3/2019 ASSIGNMENTS 01 Semester 01 N0. Column A Column B 1 Entreprenuer Starts own enterprise, takes risks, is creative and innovative, and is responsible for the growth of the enterprise. 2 Intraprenuer An employee with entraprenuerial abilities who identifies an opportunity in an existing enterprise. 3 Small Business Manager A person who manages an existing enterprise without ensuring growth, or inherits/takes over an enterprise and runs it in the same way as the previous owner (no creativity or innovation) 4 Franchisee An independent party who was given the right to sell the products or services of the enterprise. 5 Franchisor A person or enterprise granting an independent party the right to sell the enterprise’s products 6. Perseverance: Entreprenuers have confidence in themselves and their enterprise and carry on in spite of setbacks. 7. Commitment to the enterprise: Entreprenuers dedicate their skills, expertise, and resources to establishing and building the enterprise. 8. Importance of quality products or services: contribute to marketing, as they generate new clients through personal recommendations by existing, satisfied clients. 9. Market Orientation: Entreprenuers know who or what their target market is, its demands and needs; and how to meet these needs profitably This study source was downloaded by from CourseH on :40:25 GMT -05:00 This study re