Advantages of Digital Entrepreneurship

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Questions and Answers

Digital entrepreneurship requires higher initial capital compared to traditional brick-and-mortar businesses.

False (B)

Digital entrepreneurs are limited to a local audience and cannot reach a global market.

False (B)

A flexible work environment is not a benefit enjoyed by digital entrepreneurs.

False (B)

Physical infrastructure is crucial for digital entrepreneurship success.

<p>False (B)</p> Signup and view all the answers

Digital entrepreneurs always face high commuting time and costs due to their work nature.

<p>False (B)</p> Signup and view all the answers

Which factor allows digital entrepreneurs to easily target specific audiences?

<p>Online advertising and social media marketing (C)</p> Signup and view all the answers

How does the digital environment benefit decision-making for digital entrepreneurs?

<p>It provides extensive data and analytics tools (B)</p> Signup and view all the answers

What characteristic of digital entrepreneurship leads to a reduced need for physical infrastructure?

<p>Global reach through online platforms (A)</p> Signup and view all the answers

Why is it easier for digital entrepreneurs to scale up their operations compared to traditional businesses?

<p>Ease of adding more products or services online (B)</p> Signup and view all the answers

What enables digital entrepreneurs to have a better work-life balance compared to traditional business owners?

<p>Flexibility to work from anywhere with an internet connection (B)</p> Signup and view all the answers

What is a major disadvantage of digital entrepreneurship discussed in the text?

<p>High competition in the market (C)</p> Signup and view all the answers

Why is cybersecurity a concern for digital businesses?

<p>To prevent data breaches and hacking (A)</p> Signup and view all the answers

What can lead to revenue fluctuations for digital entrepreneurs?

<p>Monetization challenges (C)</p> Signup and view all the answers

Why might digital entrepreneurs face feelings of isolation?

<p>Remote work nature (D)</p> Signup and view all the answers

What is a potential consequence of dependence on external platforms for a digital business?

<p>Impacts from changes in platform algorithms (D)</p> Signup and view all the answers

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