Introduction to Entrepreneurship

False (B)

Economic development

<p>Passive (A)</p> Signup and view all the answers

<p>outside the box</p> Signup and view all the answers

<p>False (B)</p> Signup and view all the answers

<p>Social entrepreneurs initiate changes in areas like education, health, human rights, environment, and enterprise development.</p> Signup and view all the answers

<p>Decisive = Firm in making decisions Communicator = Must have convincing power Leader = Must have the charisma to be obeyed by employees Opportunity seeker = Must have the ability to be the first to see business chances.</p> Signup and view all the answers

<p>Personal interests (C)</p> Signup and view all the answers

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

<p>False (B)</p> Signup and view all the answers

<p>Innovative = Those who always make new things by thinking of new ideas Imitating = Those who don’t create new things but only follow the ideas of other entrepreneurs Fabian = Those who are skeptical and prefer to observe others before taking action Drone = Those who rely on the labor of others and are resistant to change</p> Signup and view all the answers

<p>Develop critical thinking and problem-solving skills.</p> Signup and view all the answers

<p>Marketing and Advertising (B)</p> Signup and view all the answers

<p>Shifting economic resources (A)</p> Signup and view all the answers

<p>False (B)</p> Signup and view all the answers

<p>A proactive entrepreneur takes initiative and controls situations, while a Fabian entrepreneur is skeptical and waits for proof before acting.</p> Signup and view all the answers

<p>True (A)</p> Signup and view all the answers

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

<p>To make a profit</p> Signup and view all the answers

<p>Teacher (C)</p> Signup and view all the answers

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

<p>Entrepreneurship = The process of creating a new business Entrepreneur = An individual who starts a business Innovation = Introducing new ideas and methods Productivity = The efficiency and output of resources</p> Signup and view all the answers

<p>Innovative Entrepreneur = Always creates new things by thinking of new ideas Imitating Entrepreneur = Follows the ideas of other entrepreneurs Fabian Entrepreneur = Skeptical and waits for proof before acting Drone Entrepreneur = Lives on the labor of others and is die-hard conservative</p> Signup and view all the answers

<p>False (B)</p> Signup and view all the answers

<p>To create value or wealth by using limited resources effectively.</p> Signup and view all the answers

<p>False (B)</p> Signup and view all the answers

<p>Following established procedures (C)</p> Signup and view all the answers

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

<p>Creating jobs</p> Signup and view all the answers

<p>Opportunity = The possibility to respond to a need or demand Resource use = Leveraging available resources to capitalize on opportunities Creation of something new = Developing unique products or services to meet unmet needs</p> Signup and view all the answers

<p>Development of managerial capabilities (B)</p> Signup and view all the answers

<p>True (A)</p> Signup and view all the answers

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

<p>entreprendre (C)</p> Signup and view all the answers

<p>True (A)</p> Signup and view all the answers

<p>An entrepreneur shifts economic resources from areas of lower productivity to areas of higher productivity and greater yield.</p> Signup and view all the answers

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

<p>Researcher = Conducting research and analysis for an enterprise Salesman = Selling and promoting products or services Business Reporter = Reporting on business news and developments</p> Signup and view all the answers

<p>Passive communication (D)</p> Signup and view all the answers

<p>False (B)</p> Signup and view all the answers

<p>A common misconception is that entrepreneurship is only for individuals who want to start their own businesses. Entrepreneurship skills are valuable in various settings, such as large corporations, non-profit organizations, and even within educational institutions.</p> Signup and view all the answers

An individual who organizes, manages, and assumes risks of a business.

The process of designing, launching, and running a new business.

Emphasis on creating new products, methods, and markets.

Shifting resources from low productivity to high productivity areas.

Essential skills that enable effective business management.

Various roles created as a direct result of starting a business.

Derived from the French verb 'entreprendre', meaning 'to undertake'.

Entrepreneurs aim to create a business for making profit.

Controlling a situation by making things happen or preparing for future problems.

Courageous individuals who pursue their business ideas despite uncertainties.

An entrepreneur who consistently generates new ideas and creations.

Entrepreneurs who initiate changes in social fields like education and health.

Those who rely on others' work and resist change, often avoiding risks.

Essential skills and knowledge needed in entrepreneurship.

A key aspect of entrepreneurship, involving new ideas or products.

Moving resources from low productivity to high productivity areas.

The potential losses entrepreneurs bear when starting a business.

A job role where an individual covers business news and trends.

An entrepreneur can also work in sales, promoting goods and services.

Opportunities are favorable situations that entrepreneurs act upon to create value.

Entrepreneurs leverage resources efficiently to exploit opportunities, often exceeding expectations.

Entrepreneurs aim to develop innovative products or services to capture market opportunities.

Entrepreneurship involves risk-taking, requiring smart management to mitigate potential failures.

Entrepreneurs strive to deliver genuine value and solutions to meet customer needs.

Entrepreneurship generates wealth, fosters jobs, encourages innovation, and decreases poverty.

Entrepreneurship enhances managerial skills, creates organizations, and raises living standards.

An entrepreneur who follows and replicates the ideas of others without creating new ones.

A cautious entrepreneur who initiates actions only after feeling satisfied with the outcomes.

A person who provides advice to entrepreneurs and new business owners.

Improvement in entrepreneur's life and the community they serve.

Prepares students for livelihood and critical thinking before college.

Initiative, creativity, self-confidence, and social responsibility.

Learning from real-life examples and experiences.

Traits like initiative, proactivity, and perseverance that affect entrepreneurship.

Willingness to take calculated risks in business decisions.

Skills like decisiveness, communication, and leadership necessary for entrepreneurs.

Ability to identify and act on business opportunities.