Intro to Enterprise and Business

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22 Questions

What is the primary characteristic of a hustler entrepreneur?

Willingness to work hard and put in constant effort

What is the main goal of a scalable startup?

To become an extremely high growth, profitable company

What is the primary motivation of an imitator entrepreneur?

Self-confidence and determination

Which type of entrepreneur often starts small and works toward growing a bigger business?

Hustler entrepreneur

What do hustler entrepreneurs typically rely on to achieve their goals?

Hard work and constant effort

What is a key characteristic of an imitator entrepreneur?

Tendency to think of new ideas and work hard

What type of business organization is owned and controlled by the government?

Government Owned and Controlled Corporations (GOCC)

What is the primary focus of the construction industry?

Building and infrastructure development

What is an example of a business that provides services to other businesses in a specific industry?

A logistics company

Which type of business organization is characterized by a single owner?

Sole Proprietorship

What is another term for the processing of raw materials and manufacture of goods?

Industry

What is the main category that the Health Care Industry falls under?

Service Industry

What is the term for a business that can be enlarged or expanded to increase its production or sales?

Scalable startup entrepreneurship

What is the term used to describe a business or organization that operates in a particular trade or field?

Industry

How many types of industries are mentioned in the given text?

11

What is the term used to describe a person who organizes and operates a business or businesses, often with an emphasis on innovation and risk-taking?

Entrepreneur

What is the definition of an enterprise according to the lecture notes?

A company, business, organization, or other purposeful endeavor

What type of entrepreneurial engagement is focused on social development?

Social Enterprise

What is the main difference between a business and a social enterprise?

Purpose of operation

What is technopreneurship?

An entrepreneurship based on technological innovations

What is the quote 'Catch a man a fish, and you can sell it to him. Teach a man to fish and you ruin a wonderful business opportunity' attributed to?

Karl Marx

What is the difference between 'give a man a fish' and 'teach a man to fish'?

One provides temporary solution, the other provides a lifetime solution

Learn the basics of enterprise, business, industries, and organizations. Understand the meanings of 'enterprise' and 'business' and how they relate to each other. Get started with your entrepreneurship journey!

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