10 Questions
What is the primary origin of the word 'entrepreneur'?
French
What is the main purpose of a SWOT analysis in business?
To assess internal and external factors affecting a business
Which financial statement provides information about a company's profitability over a specific period?
Income statement
What could provide an individual with the motivation to start a new business venture?
A desire to be independent
In the context of marketing, what is the purpose of the 'marketing mix' (4Ps)?
To plan and implement a marketing strategy
What is the primary focus of entrepreneurship?
Creating new products or services and adding value
Where can entrepreneurs obtain information about competitors?
Websites and company reports
What is the primary purpose of the 'marketing mix' (4Ps)?
Planning and implementing a marketing strategy
What does entrepreneurship involve in terms of risk?
Taking significant risks in a business context
What is a key aspect of successful entrepreneurship?
Innovating and adapting to market needs
Test your knowledge of business concepts with this quiz covering topics such as entrepreneurship, SWOT analysis, and business strategy.
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