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Questions and Answers
What makes an entrepreneur different from a traditional business person?
What makes an entrepreneur different from a traditional business person?
- Operating in the same way as most other businesses
- Focusing more on marketing and advertising
- Using unique ways of doing business and implementing new ideas (correct)
- Having a larger capital for investment
What is entrepreneurship?
What is entrepreneurship?
- The process of selling products or services to customers
- The process of marketing and advertising to reach out to customers
- The process of running a business using a new idea or in a different way to benefit the customer (correct)
- The process of running a business like most others to make a profit
How is an entrepreneur defined?
How is an entrepreneur defined?
- A person who invests in businesses to make a profit
- A person who tries to meet customer needs through new ideas or ways of doing business and makes profit in return (correct)
- A person who focuses on marketing and advertising
- A person who sells products or services to customers
What is the focus of the module on entrepreneurship?
What is the focus of the module on entrepreneurship?
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What does a successful entrepreneur aim to do?
What does a successful entrepreneur aim to do?
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