11 Questions
What is the main focus of entrepreneurship?
Generating profit and driving economic growth
How does a traditional entrepreneur differ from a businessman?
Businessmen are profit-oriented while traditional entrepreneurs are customer-oriented.
What motivates individuals to become entrepreneurs?
To fulfill unmet needs in the marketplace
Which of the following is NOT a characteristic of successful entrepreneurs?
Lack of focus
What is one societal benefit of entrepreneurship?
Creation of wealth and jobs
Who is considered an entrepreneur based on the text?
A person who identifies unmet needs in the marketplace and creates products to meet those needs
Match the descriptions with the type of business owner:
Starts a business from an existing idea = Businessman Creates a new business bearing most of the risk = Traditional Entrepreneur Avoids taking risks = Businessman Starts a business from a unique and innovative idea = Traditional Entrepreneur
Match the characteristics with successful Entrepreneurs:
Passion = Characteristics of successful Entrepreneurs Focus = Characteristics of successful Entrepreneurs Tenacity = Characteristics of successful Entrepreneurs Intelligence = Characteristics of successful Entrepreneurs
Match the benefits with Entrepreneurship:
Produces more jobs that equate to an increase in national income = Societal and Economic benefits of Entrepreneurship Introduces new and innovative products and services = Societal and Economic benefits of Entrepreneurship Amplifies economic activities of different sectors of the society = Societal and Economic benefits of Entrepreneurship Disperses the economic power and creates equality = Societal and Economic benefits of Entrepreneurship
Match the reasons with becoming an Entrepreneur:
Be their own boss = Why become an Entrepreneur? Pursue their own ideas = Why become an Entrepreneur? Pursue financial rewards = Why become an Entrepreneur? Identify unmet needs in the marketplace then produce products to meet those needs = Why become an Entrepreneur?
Match the countries with Famous Entrepreneurs:
Tony Tan Caktiong = Famous Entrepreneurs in the Philippines Henry Sy = Famous Entrepreneurs in the Philippines
Test your knowledge about entrepreneurship, the act of creating and scaling a business to generate profit. Learn about the differences between businessmen and traditional entrepreneurs, and how entrepreneurship drives economic growth and innovation.
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