30 Questions
What quality is essential for an entrepreneur to successfully turn an idea into reality?
Innovative mindset
Why is leadership quality considered paramount for an entrepreneur?
To guide employees towards success
How did Paytm utilize the circumstance of demonetization?
By expanding its online transaction services
Why should an entrepreneur be open-minded in business?
To adapt to changing circumstances
What knowledge should a company owner have to stay competitive in the market?
Market demands and trends
Why is flexibility important for a businessperson according to the text?
To adapt to changing product and service requirements
What distinguishes innovative entrepreneurs from imitating entrepreneurs?
Ability to think newer ideas
Which type of entrepreneur includes individuals like Ratan Tata and Kishore Biyani?
Innovative entrepreneurs
What characterizes imitating entrepreneurs in terms of idea generation?
Follow what others have done
Which entrepreneur is more likely to operate in an environment marked with weak industrial and institutional base?
Imitating entrepreneurs
What is the main characteristic of innovative entrepreneurs' contributions to a country's economic development?
Introduction of new and better ideas
In which category do individuals who fulfill their need for achievement by following innovative ideas fall?
'Copycat' entrepreneurs
What is the publishers' liability in case of binding mistakes or misprints?
Replacement within one month of purchase by similar edition at no cost
What expenses are to be borne by the purchaser in case of binding mistakes or missing pages?
All expenses related to replacement
What is the main focus of Unit II on Women Entrepreneurship?
Economic Empowerment of Women
Which aspect is highlighted as important regarding Women Entrepreneurs in India?
Numbers of Women Entrepreneurs Registered
What is emphasized as a challenge faced by Women Entrepreneurs?
Challenges faced by Women Entrepreneurs
In case of missing pages, what does the publisher's liability entail?
Replacement within one month of purchase by similar edition at purchaser's expense
According to Dollinger, 1995, how is entrepreneurship defined?
The creation of an innovative economic organization or network for gain under conditions of risk and uncertainty
When did the first trading take place according to the text?
Around 17,000 BCE
What major shift occurred in entrepreneurship during the Agricultural Revolution?
A shift from subsistence farming to surplus food production for selling
What are some areas of specialization mentioned in the text?
Toolmaking and Cooking
What does Say's definition shift economic resources out of?
An area of lower productivity
How did the growth of towns and cities contribute to entrepreneurship according to the text?
It provided opportunities for experts to grow their businesses
How are the courses in 'Entrepreneurship' in American business schools often defined?
Courses on risk management in business
What was observed in terms of expertise and business growth according to the text?
An increase in expertise and improvement in trade practices
What is a key characteristic of entrepreneurship?
Strict adherence to traditional methods
Are all new small businesses considered entrepreneurial according to the text?
Yes, because they involve risk-taking
What is often the confusion regarding the definitions of 'entrepreneur' and 'entrepreneurship'?
The confusion is because these terms have varied meanings in different countries
Why does a new venture involve a considerable amount of failure risk according to the text?
To ensure entrepreneurs only focus on safe investments
Test your knowledge on the essential skills needed for entrepreneurship, including innovation, vision, and leadership. Learn about generating new ideas, starting a company, and turning ideas into reality with the right resources and employees.
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