12 Questions
What does demanding quality and efficiency not only from oneself but also from workers and suppliers equate to?
Good business
Which action involves deliberately calculating risks and evaluating alternatives?
Risk reduction
What does setting clear and specific long-range goals demonstrate?
Vision and direction
Which activity involves breaking large tasks down into time-constrained sub-tasks?
Systematic planning
What characterizes someone who trusts their skills and embraces their imperfections?
Strong work ethic
Which behavior involves personally seeking information from clients, suppliers, or competitors?
Information seeking
What does 'Opportunity seeking' involve in the context of starting a business?
Finding openings in the environment to create a new market
Which of the following best describes the concept of 'Persistence'?
Continuing efforts even during challenging times
What is a key aspect of 'Commitment to work contract' in terms of customer satisfaction?
Taking full responsibility for efficient job completion
How can 'Risk-taking' be best defined in the context of business?
Stepping out of the comfort zone to pursue opportunities
What does 'Opportunity seeking' NOT involve?
Avoiding extending the business to new areas
Which of the following is characteristic of 'Persistence'?
Continuing efforts until achieving deserved outcomes
Test your knowledge on key traits of successful entrepreneurs including opportunity seeking and persistence. Explore how entrepreneurs identify openings in the environment, grab new business opportunities, and persist in their endeavors.
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