10 Questions
Entrepreneurship involves only creating a business enterprise by an individual, not a team.
False
An entrepreneur bears most of the rewards and enjoys most of the risks.
False
Entrepreneurs do not play a key role in the economy.
False
Entrepreneurship does not involve innovating or commercializing an idea, technology, product, or service.
False
Goods are bought at a certain price, value is added by transforming the goods, and the goods are then sold at a lower price.
False
What does entrepreneurship involve?
Creating, running, and growing a business enterprise by an individual or a team
What role do entrepreneurs play in the economy?
They use their skills and initiatives to anticipate the needs and bring new ideas to the market
What is the origin of the word 'entrepreneur'?
Comes from the French word “entreprende” – individuals who undertake (the risk of new ventures)
What does an entrepreneur do with goods according to Richard Cantillon?
Buys goods at a certain price, adds value by transforming the goods, and then sells them
What is the primary motivation for entrepreneurship?
To make profits or meet the needs and wants of the people
Test your knowledge of the basics of technopreneurship with this quiz. Explore the concept of entrepreneurship, risk-taking, innovation, and business growth. Sharpen your understanding of creating and running businesses, commercializing ideas, and meeting market demands.
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