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Which of the following actions best demonstrates a proactive approach by an entrepreneur?

An entrepreneur decides to invest in new technology to improve production efficiency. Which core competency of entrepreneurship does this BEST reflect?

What is the MOST accurate interpretation of the French verb 'enterprendre' in the context of entrepreneurship?

How does the development of managerial capabilities benefit an entrepreneur?

Which characteristic is MOST vital for an entrepreneur when faced with uncertain market conditions?

What is the PRIMARY reason entrepreneurship is considered an 'economic activity'?

An entrepreneur who effectively motivates their team and inspires them to achieve company goals demonstrates which common competency?

An entrepreneur carefully assesses potential losses before launching a new product. Which entrepreneurial trait does this action reveal?

Which characteristic is most vital for an entrepreneur aiming to continually enhance their business and generate fresh concepts?

An entrepreneur who replicates existing successful business models falls under which category?

Before adopting changes, which type of entrepreneur needs assurance and tends to be doubtful?

What is the primary role of entrepreneurship in the context of 'Means of Economic Development'?

What role can an entrepreneurship graduate take where their expertise would be used to guide other business owners?

Apart from starting their own venture, what career path allows an entrepreneurship graduate to impart their knowledge directly?

What is the MOST accurate definition of a 'Risk Taker' in the context of entrepreneurship?

How does entrepreneurship contribute to 'Improving Standard of Living'?

An entrepreneur with a strong 'Entrepreneurial Gut Flame' is MOST likely to exhibit which behavior?

How would an entrepreneur best utilize their 'Entrepreneurial Heart Flame' in managing their business?

Which of the following BEST demonstrates an entrepreneur leveraging the 'Entrepreneurial Mind Flame' during a business crisis?

How might a social entrepreneur utilize changes in the environment to their advantage?

Which activity would MOST likely be undertaken by a person described as a 'Drone Entrepreneur'?

How can an entrepreneur leverage sociocultural forces to create a successful business?

What role can technology play in creating business opportunities for entrepreneurs?

Which of the following scenarios BEST illustrates an entrepreneur acting as a Business Reporter?

Which environmental factor primarily influences entrepreneurial ideas through weather conditions and resource availability?

A significant rise in eco-tourism is observed due to increased awareness of environmental conservation. Which factor is primarily driving entrepreneurial opportunities in this scenario?

A government introduces a new subsidy program for renewable energy projects. How does this influence entrepreneurial opportunities?

An entrepreneur identifies a gap in the market for personalized healthcare solutions after working several years in a hospital. Which of the following is the most relevant source of this entrepreneurial idea?

Due to rapid advancements in battery technology, electric vehicles are becoming increasingly viable. How would this technological shift most likely foster entrepreneurial ventures?

A local council implements stricter zoning laws that favor green spaces and limit commercial development in residential areas. How will this most likely affect entrepreneurial activities?

A farming community notices that their crops are failing due to changing weather patterns. Which response demonstrates an entrepreneurial approach to this environmental challenge?

Several local artisans are struggling to compete with mass-produced goods. What strategy would best leverage 'people's interests' to create a thriving artisan business?

Which factor is NOT considered one of the 'Five Forces' that compete within an industry?

A business owner is deciding whether to emphasize speed of service or personalized attention in their marketing. This decision primarily concerns the business's:

Which of the following BEST describes the primary goal of conducting thorough market research?

A company is experiencing declining sales despite positive customer reviews. Which area should they investigate FIRST based on the concepts presented?

Inaccurate data collection during market research can lead to what PRIMARY negative outcome?

A local bakery decides to focus on using only locally sourced, organic ingredients in its products. How does this MOST directly relate to the concepts provided?

A startup is preparing to launch a new mobile app. Which of the following activities would be considered part of 'Market Research'?

A company discovers that many customers are switching to a competitor's product because it is more environmentally friendly. Which of the five forces at play does this BEST represent?

Which data collection method is characterized by direct interaction between the researcher and respondent, allowing for relationship building?

A startup is on a tight budget and needs to gather initial customer feedback quickly. Which primary research method would be the most cost-effective and efficient?

What is the ideal duration of a focus group discussion to gather comprehensive insights without losing participant engagement?

Which of the following research methods is best suited for understanding the intangible aspects of customer satisfaction, such as the feeling of fulfillment after using a service?

A company wants to deeply understand the needs and behaviors of their target customers to refine their product. Which research method would provide the most relevant and detailed information?

A market researcher aims to gather reliable data on sensitive personal preferences. Which method ensures the highest level of respondent cooperation and trust?

To effectively moderate a focus group, what is the recommended range for the number of participants to ensure a balanced and productive discussion?

A tech company is considering the best approach to gather customer opinions on a new product. Weighing the options of speed, cost, and depth of insight, which two methods offer a balanced approach?

Entrepreneurship

Decisiveness

Communicator

Leader

Opportunity Seeker

Proactive

Economic Activity

Profit Potential

Risk Taker

Innovative Entrepreneur

Improving Living Standards

Economic Development Means

Innovative Entrepreneurs

Imitating Entrepreneurs

Imitating Entrepreneurs

Fabian Entrepreneurs

Drone Entrepreneurs

Business Reporter (Entrepreneur)

Social Entrepreneurs

Entrepreneurial Mind Flame

Entrepreneurial Heart Flame

Entrepreneurial Gut Flame

Political Forces (as opportunity source)

Sociocultural Forces

Entrepreneurial ideas arise from?

What is climate?

What are natural resources?

What are political forces?

Who are competitors?

Who are customers?

Government thrusts, programs and policies

What are past experiences?

Tangible Thing

Competition

Value Proposition (VP)

Unique Selling Proposition (USP)

Five Forces

Market Research

Characteristic

Data Collection

Surveys

Three Customer Determinants

Service Requirement

Interview

Personal Interview

Focus Group Interviews

Focus Group Considerations

Focus Group Objective