Social Entrepreneurship & Sustainable Business Management Quiz chapter 7
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Questions and Answers

In the context of starting a social enterprise, what is the purpose of defining and segmenting the target population?

  • To create a pilot based on the segment (correct)
  • To understand the beneficiary experience
  • To address sociopolitical factors
  • To identify the most competitive alternative

    • What is the significance of understanding the beneficiary experience in the context of starting a social enterprise?

  • To identify the most competitive alternative
  • To understand the beneficiary experience (correct)
  • To create a pilot based on the segment
  • To address sociopolitical factors

    • Why is it important to identify the most competitive alternative when starting a social enterprise?

  • To write a concept statement
  • To understand the beneficiary experience
  • To address sociopolitical factors
  • To identify the most competitive alternative (correct)

    • What is the purpose of identifying operation realities when starting a social enterprise?

    <p>To create a list to have an overview of all costs</p> Signup and view all the answers

    Why is it necessary to address the inevitable sociopolitics when starting a social enterprise?

    <p>To address the inevitable sociopolitics</p> Signup and view all the answers

    What is the purpose of writing a concept statement when starting a social enterprise?

    <p>To write a concept statement</p> Signup and view all the answers

    In the context of social enterprises, what is required for them to be self-sustainable or even profitable?

    <p>&quot;Hybrid business model&quot;</p> Signup and view all the answers

    What type of social enterprise is Billie Cup based on the information provided (p.214-215)?

    <p>&quot;Social enterprise&quot;</p> Signup and view all the answers

    What is the unit of impact for Billie Cup based on the information provided (p.214-215)?

    <p>Items sold</p> Signup and view all the answers

    What type of social enterprise is Beer4Nature based on the information provided (p.215-216)?

    <p>&quot;Social enterprise&quot;</p> Signup and view all the answers

    What is the unit of revenue for Beer4Nature based on the information provided (p.215-216)?

    <p>Items sold</p> Signup and view all the answers

    Can you think of a solution for one of the challenges Beer4Nature faces today based on the information provided (p.215-216)?

    <p>Improving revenue from items sold</p> Signup and view all the answers

    What is the biggest difference between social enterprises and NGOs?

    <p>Social enterprises create economic value to sustain the business, while NGOs receive funding through others</p> Signup and view all the answers

    What is the key concept in social entrepreneurship related to fair trade?

    <p>Ensuring a fair value chain</p> Signup and view all the answers

    Why do social enterprises face challenges in attracting investors?

    <p>They have higher costs and limited market demand</p> Signup and view all the answers

    What is a common challenge faced by social entrepreneurs when entering new markets?

    <p>Complex and nonobvious market and social issues</p> Signup and view all the answers

    What is the role of social innovation in big companies?

    <p>Protecting their brand and launching innovative initiatives</p> Signup and view all the answers

    What are the pitfalls of starting a social enterprise?

    <p>[Identical to correct answer]</p> Signup and view all the answers

    What disqualifies a project no matter what other features it has?

    <p>[Identical to correct answer]</p> Signup and view all the answers

    What is the focus of traditional companies with regards to social innovation?

    <p>[Identical to correct answer]</p> Signup and view all the answers

    'Race to fairness' focuses on shifting from what maximization to utility maximization?

    <p>Consumption maximization to utility maximization</p> Signup and view all the answers

    What is the biggest difference between social innovation in big companies and social innovation in social enterprises?

    <p>Big companies focus on protecting their reputation while social enterprises focus on creating new value</p> Signup and view all the answers

    What shift does 'Race to the bottom' require from consumers?

    <p>A shift from buying new things to repairing old ones</p> Signup and view all the answers

    What is the fundamental difference between a social enterprise and an economic enterprise?

    <p>A social enterprise aims to create social value and be self-sustainable, while an economic enterprise aims to create economic value and deliver social value as well.</p> Signup and view all the answers

    According to the European Union, what defines a social enterprise?

    <p>An organization that has a social mission and reinvests the biggest part of the profits to realize its mission.</p> Signup and view all the answers

    What type of enterprises are needed to ensure innovation and stable employment?

    <p>Both economic and social enterprises</p> Signup and view all the answers

    What is the main objective of a social enterprise's business model?

    <p>To create social value and be self-sustainable/profitable</p> Signup and view all the answers

    Why are not all companies expected to become a social enterprise?

    <p>A mix of both economic and social enterprises is needed for varied impact and influence.</p> Signup and view all the answers

    In terms of their impact, how do social enterprises differ from economic enterprises?

    <p>Social enterprises tend to have a local impact, while economic enterprises can influence policies and standards.</p> Signup and view all the answers

    What distinguishes an organization as a social enterprise according to the European Union?

    <p>An organization that has a social mission and offers products or services to meet this mission.</p> Signup and view all the answers

    What is the primary purpose of an economic enterprise's business model?

    <p>Maximizing profits without considering its impact on society.</p> Signup and view all the answers

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