Podcast
Questions and Answers
What can hinder economic activity and entrepreneurship according to the text?
What can hinder economic activity and entrepreneurship according to the text?
- Higher income levels
- Sophisticated technology
- Desire for new products
- Political protests (correct)
Which factor stimulates entrepreneurship according to the text?
Which factor stimulates entrepreneurship according to the text?
- Higher income levels of people (correct)
- Irrational monetary policies
- Fiscal policies
- Unfair trade practices
What is a common competency required in entrepreneurship according to the text?
What is a common competency required in entrepreneurship according to the text?
- Lack of communication skills
- Decisiveness in decision-making (correct)
- Being a follower
- Avoiding risks
Which environmental factor influences entrepreneurship based on the text?
Which environmental factor influences entrepreneurship based on the text?
What does being proactive mean for an entrepreneur according to the text?
What does being proactive mean for an entrepreneur according to the text?
Which factor can be a roadblock to the growth of entrepreneurship as per the text?
Which factor can be a roadblock to the growth of entrepreneurship as per the text?
What is the primary meaning of the word 'entrepreneur'?
What is the primary meaning of the word 'entrepreneur'?
Which of the following is NOT an essential factor for economic development according to the text?
Which of the following is NOT an essential factor for economic development according to the text?
Which of the following statements about entrepreneurship is TRUE according to the text?
Which of the following statements about entrepreneurship is TRUE according to the text?
What is the primary role of an entrepreneur according to the text?
What is the primary role of an entrepreneur according to the text?
What does the term 'intrapreneurship' refer to as per the text?
What does the term 'intrapreneurship' refer to as per the text?
Which of the following is NOT a characteristic of entrepreneurship?
Which of the following is NOT a characteristic of entrepreneurship?
What does a Value Proposition (VP) summarize?
What does a Value Proposition (VP) summarize?
How does an entrepreneur overcome society's resistance to change?
How does an entrepreneur overcome society's resistance to change?
What role does an entrepreneur play in economic development?
What role does an entrepreneur play in economic development?
What is an example of a career opportunity for an entrepreneurship graduate?
What is an example of a career opportunity for an entrepreneurship graduate?
How can an entrepreneur use his expertise in the field of entrepreneurship?
How can an entrepreneur use his expertise in the field of entrepreneurship?
What is the primary benefit of recognizing and understanding the market for an entrepreneur?
What is the primary benefit of recognizing and understanding the market for an entrepreneur?
What is one reason why entrepreneurship is important to all countries?
What is one reason why entrepreneurship is important to all countries?
How do entrepreneurs contribute to the economy?
How do entrepreneurs contribute to the economy?
What is a direct benefit of entrepreneurship to the government?
What is a direct benefit of entrepreneurship to the government?
Why is entrepreneurship education important?
Why is entrepreneurship education important?
What impact does entrepreneurial behavior have on a country?
What impact does entrepreneurial behavior have on a country?
How has entrepreneurial activity contributed to many countries' economic growth?
How has entrepreneurial activity contributed to many countries' economic growth?
What is market share?
What is market share?
Which of the following is a common mistake made by new entrepreneurs?
Which of the following is a common mistake made by new entrepreneurs?
What is the importance of recognizing different types of competitors?
What is the importance of recognizing different types of competitors?
What is the marketing mix?
What is the marketing mix?
What does the 'People' element of the 7P's of marketing mix refer to?
What does the 'People' element of the 7P's of marketing mix refer to?
What is the recommended approach when developing a brand name?
What is the recommended approach when developing a brand name?
Flashcards are hidden until you start studying
