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Questions and Answers
What is the primary origin of the word 'entrepreneur'?
What is the primary origin of the word 'entrepreneur'?
- Latin
- Greek
- French (correct)
- Italic
What is the main purpose of a SWOT analysis in business?
What is the main purpose of a SWOT analysis in business?
- To measure customer satisfaction and loyalty
- To assess internal and external factors affecting a business (correct)
- To evaluate the financial health of a company
- To identify strengths and weaknesses within the competition
Which financial statement provides information about a company's profitability over a specific period?
Which financial statement provides information about a company's profitability over a specific period?
- Balance sheet
- Statement of retained earnings
- Income statement (correct)
- Cash flow statement
What could provide an individual with the motivation to start a new business venture?
What could provide an individual with the motivation to start a new business venture?
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In the context of marketing, what is the purpose of the 'marketing mix' (4Ps)?
In the context of marketing, what is the purpose of the 'marketing mix' (4Ps)?
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What is the primary focus of entrepreneurship?
What is the primary focus of entrepreneurship?
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Where can entrepreneurs obtain information about competitors?
Where can entrepreneurs obtain information about competitors?
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What is the primary purpose of the 'marketing mix' (4Ps)?
What is the primary purpose of the 'marketing mix' (4Ps)?
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What does entrepreneurship involve in terms of risk?
What does entrepreneurship involve in terms of risk?
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What is a key aspect of successful entrepreneurship?
What is a key aspect of successful entrepreneurship?
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