Can you understand?
1.Evaluate the different entrepreneurial characteristics under PECs. How does applying similar characteristics help us succeed in other areas of life? Explain your answer by giving examples.
2.Explain how having the Personal Entrepreneurial Competencies can help you become a successful entrepreneur.
Answer:
1.Due to the different entrepreneurial characteristics of PECs every person who would like to engage business are free to compete their products without control by the government. Every time a new entrepreneur enters business new challenges come up for competing businesses to improve their products, thus benefiting the consumer.
By applying similar characteristics there are different businesses like the Jollibee, McDonalds and other food chain compete each other and greatly succeeded in their business.
2.The success of every businessman greatly depends on a certain set of characteristics of the PECs, because the PECs play a major role in the success of an entrepreneur.
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