17 Questions
What is an essential characteristic of an entrepreneur?
Taking risks to seize business opportunities
What is a key benefit of entrepreneurship to a country?
Creation of jobs and provision of goods and services
What is a reward of being an entrepreneur?
The wellbeing of consumers
What is a risk of being an entrepreneur?
Risk of failure
What is a key role of an entrepreneur in a business?
A planner, innovator, and decision maker
What is a characteristic of a valuable product?
Solves a problem and is cost-effective
Why are entrepreneurs important to a country's economy?
They earn profits, provide jobs, and inspire others
What is a consequence of entrepreneurship in a country?
Non-dependence on imported products
What is the primary characteristic of a systematic innovation?
It is a purposeful and organized search for changes.
What is the primary goal of an Achiever entrepreneur?
To excel and demonstrate personal drive
What type of entrepreneur is characterized by demonstrating innovative skills in organizing and managing?
Corporate Entrepreneur
What is the primary characteristic of a First Generation Entrepreneur?
They start a business using their innovative skills
What is the primary goal of an entrepreneur who is classified as a franchisee?
To operate a business using a proven model and trademarks
What is the primary characteristic of an Industrial Entrepreneur?
They are involved in manufacturing a product
What type of entrepreneur is classified as an 'Induced Entrepreneur'?
One who is driven by government policies and family support
What is the primary characteristic of a Founder or Pure Entrepreneur?
They start a business using their own savings
What is the primary characteristic of a Trading Entrepreneur?
They undertake merchandising activities
Learn about the basics of entrepreneurship, including who an entrepreneur is, the characteristics of entrepreneurs, and what makes a product valuable. This quiz covers the fundamentals of entrepreneurship, including risk-taking and identifying business opportunities.
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