Entrepreneurial Activities and Capital Resources Organization
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Questions and Answers

What is the primary drive for the individual described in the text?

  • Stagnation and conformity
  • Innovation and economic development
  • Avoiding risks at all costs
  • Expansion and growth (correct)

    • In entrepreneurial activities, which resources are highlighted as important for the organization?

  • Personal charisma and charm
  • Financial and human resources (correct)
  • Time and energy only
  • Emotional support and friendship

    • How does an entrepreneur differ from a manager according to the text?

  • Managers lead organizations in the early stages.
  • Managers take calculated risks.
  • Entrepreneurs focus on day-to-day operations.
  • Entrepreneurs are involved in the activities, especially in the early stage of operation. (correct)

    • What is the purpose of developing a SWOT analysis for an organization?

    <p>To carefully analyze internal and external factors</p> Signup and view all the answers

    What may innovation encompass?

    <p>Introduction of new methods or products</p> Signup and view all the answers

    How does an entrepreneur develop autonomy according to the text?

    <p>By leading the activities of the organization especially in the early stages</p> Signup and view all the answers

    What is the first step in the process of formulating alternative solutions?

    <p>Gather the Data</p> Signup and view all the answers

    Which of the following statements is true regarding marketing mix?

    <p>Marketing mix includes controllable elements used to develop strategies that satisfy the market.</p> Signup and view all the answers

    What is a common level of a product that is tangible and offered with specified descriptions or model numbers?

    <p>Level 3: Tangible Products</p> Signup and view all the answers

    In marketing strategy, what does SWOT analysis stand for?

    <p>Strength, Weaknesses, Opportunities, Threats</p> Signup and view all the answers

    Which stage in product development refers to when sales increase at a decreasing rate but profitability is high?

    <p>Maturity</p> Signup and view all the answers

    What is the essential element drawn from market research to combine all marketing goals into one comprehensive plan?

    <p>Marketing Strategy</p> Signup and view all the answers

    What is the significance of identifying a target market in entrepreneurship?

    <p>To focus on customers' needs and preferences</p> Signup and view all the answers

    What category of consumers are 'Price Shoppers' according to the text?

    <p>People who are price conscious</p> Signup and view all the answers

    What does 'Market Analysis' involve according to the text?

    <p>Assessing a market's ability to respond positively</p> Signup and view all the answers

    Why is it important for entrepreneurs to understand 'Demographics and Segmentation' in market analysis?

    <p>To identify market segments with similar characteristics</p> Signup and view all the answers

    Which of the following best describes 'Brand Loyal Customers'?

    <p>They believe in the superior quality of products</p> Signup and view all the answers

    What is the role of 'Market Need' in entrepreneurship?

    <p>Identifying what customers want to address their needs</p> Signup and view all the answers

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