Part 2. Identify whether the following is an example of core or common competencies of entrepreneurship. Please check the appropriate box.

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Part 2. Identify whether the following is an example of core or common
competencies of entrepreneurship. Please check the appropriate box.
Core
Common
Competencies
1. Organizing and Planning
2, Analytical and critical thinking
3. Cash flow management
4, Personnel management
5. Leadership
6. Human Relations
7.Promotions and Advertising
8.Operations and distribution
9. Resources Management
10. Computer Literacy
omo an entrepreneur (www.scu.edu):
Jan Pauline F Tabile
Division of Nueva Ecija
NEHS - Senior High School DEDED
Quezon District Cabanatuan City
Applied Economics
Creative & Critical Thinking Activities
Name:
Grade & Section:
Parent/Guardian Name & Signature:
Teacher:
Week # 4 fnclusive Dates:
Quarter:2 Seore:
Competencies:
Determine the implications of market pricing in making economic decisions
Price acts as a signal for shortages and surpluses which help firms and consumers
respond to changing market conditions If a good is in shortage-price will tend to
rise. Rising prices discourage demand, and encourage firms to try and increase supply.
ifa good is in surplus-price will tend to fail, Falling price encourage people to buy, and
cause firms to try and cut back on supply Prices help to redistribute resources from
goods with itte demand to goods and services
The Concept of Elasticity
What is Elasticity?
It is the measurement of the sensitivity or responsiveness of quatity demanded or
quantity supplied to changes in prices. The definition indicates that elasticity concerns
poeap pue Ayddns upog
Transcribed Image Text:Part 2. Identify whether the following is an example of core or common competencies of entrepreneurship. Please check the appropriate box. Core Common Competencies 1. Organizing and Planning 2, Analytical and critical thinking 3. Cash flow management 4, Personnel management 5. Leadership 6. Human Relations 7.Promotions and Advertising 8.Operations and distribution 9. Resources Management 10. Computer Literacy omo an entrepreneur (www.scu.edu): Jan Pauline F Tabile Division of Nueva Ecija NEHS - Senior High School DEDED Quezon District Cabanatuan City Applied Economics Creative & Critical Thinking Activities Name: Grade & Section: Parent/Guardian Name & Signature: Teacher: Week # 4 fnclusive Dates: Quarter:2 Seore: Competencies: Determine the implications of market pricing in making economic decisions Price acts as a signal for shortages and surpluses which help firms and consumers respond to changing market conditions If a good is in shortage-price will tend to rise. Rising prices discourage demand, and encourage firms to try and increase supply. ifa good is in surplus-price will tend to fail, Falling price encourage people to buy, and cause firms to try and cut back on supply Prices help to redistribute resources from goods with itte demand to goods and services The Concept of Elasticity What is Elasticity? It is the measurement of the sensitivity or responsiveness of quatity demanded or quantity supplied to changes in prices. The definition indicates that elasticity concerns poeap pue Ayddns upog
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