13 Questions
What is the main focus of GST301 course outline?
Entrepreneurship studies
Which section of the course outline covers the components of the business environment?
Concepts of Business and Business Environment
What is the focus of SWOT analysis in the course outline?
Analyzing the business environment
Which section discusses the types of cooperative societies?
Forms of Business Ownership and Legal Implications
What are the key elements covered in the 'Requirement for Starting a Business' section?
Feasibility study and business plan
In which section is the difference between feasibility study and business plan discussed?
Requirement for Starting a Business
What is the origin of the word 'entrepreneur'?
Derived from the French word 'Entrepreneur', meaning 'to undertake'
According to Alfred Marshall (1890), how did he view entrepreneurship?
As an important Factor of production and the driving element behind organization
What does Gartner (1988) define as entrepreneurship?
The creation of new organizations
Which statement best defines entrepreneurship as per the given text?
The ability to create and build a vision from practically nothing to something
Who introduced the concept of entrepreneurship in 1755?
Richard Cantillon
What was Jean-Baptiste's contribution to the concept of entrepreneurship?
He identified entrepreneurship as a new economic phenomenon in his work in 1821
How do some scholars view entrepreneurship?
As purely self-employment without any innovative element
This quiz covers the course outline of GST301 – Entrepreneurship Studies II, including the introduction to entrepreneurship, types of entrepreneurs, characteristics of entrepreneurship, concepts of business, and business environment.
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