Entrepreneurship Basics and Types
5 Questions
0 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What is a defining characteristic of an entrepreneur?

  • Preference for routine
  • Salary security
  • Reliance on employer
  • Risk tolerance (correct)
  • Which type of entrepreneur is primarily focused on addressing social issues?

  • Social entrepreneur (correct)
  • Eco entrepreneur
  • Techno entrepreneur
  • Tender entrepreneur
  • What is a critical aspect of environmental scanning for entrepreneurs?

  • Recognizing market trends and competitors (correct)
  • Choosing business location
  • Setting employee salaries
  • Identifying new employees
  • Which quality is least likely to be associated with successful entrepreneurs?

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

    What distinguishes a techno entrepreneur from other types?

    <p>Use of technology to solve problems</p> Signup and view all the answers

    Study Notes

    Entrepreneur as Leader

    • Identify a gap in the market and take the risk to organize an independent business for profit
    • Intrapreneur: Uses creative skills to grow a business for a company for a secure monthly salary

    Qualities of an Entrepreneur

    • Risk tolerance
    • Responsible
    • Creative
    • Determination
    • Strategic
    • Good leadership skills
    • Passionate

    Types of Entrepreneur

    • Social: Wants to solve social issues, not interested in profit
    • Techno: Uses technology to solve problems (e.g., Uber)
    • Eco: Saves the environment, makes a profit but does not harm the environment
    • Tender: Obtains tenders from the government or private businesses to provide specific services (e.g., building a road)

    Environmental Scanning

    • Identifies threats
    • Identifies gaps in the market and opportunities
    • Must know about competitors
    • Allows entrepreneurs to create long-term or short-term strategies

    Studying That Suits You

    Use AI to generate personalized quizzes and flashcards to suit your learning preferences.

    Quiz Team

    Description

    This quiz explores the essential qualities of an entrepreneur, different types of entrepreneurs, and the concept of environmental scanning. Test your understanding of what it takes to lead a successful business and recognize opportunities in the market.

    More Like This

    Use Quizgecko on...
    Browser
    Browser