Podcast
Questions and Answers
Which type of entrepreneur is known for benefiting from a large volume of sales by offering discount prices and operating with very low overheads?
Which type of entrepreneur is known for benefiting from a large volume of sales by offering discount prices and operating with very low overheads?
- Acquirers
- Inventors
- Self-Employed
- Economy of scale exploiters (correct)
What distinguishes Opportunistic Entrepreneurs from Self-Employed entrepreneurs?
What distinguishes Opportunistic Entrepreneurs from Self-Employed entrepreneurs?
- Self-Employed entrepreneurs hire other employees.
- Opportunistic Entrepreneurs operate on a small scale.
- Opportunistic Entrepreneurs focus on hiring others to expand the business. (correct)
- Self-Employed entrepreneurs lack the necessary expertise.
Which type of entrepreneur buys a company to improve it and then sells it for a profit?
Which type of entrepreneur buys a company to improve it and then sells it for a profit?
- Acquirers
- Buy-Sell Artists (correct)
- Economy of Scale Exploiters
- Inventors
What defines Economy of Scale Exploiters among the types of entrepreneurs listed?
What defines Economy of Scale Exploiters among the types of entrepreneurs listed?
Which type of entrepreneur starts businesses based on models developed by others, like franchise operations or chain stores?
Which type of entrepreneur starts businesses based on models developed by others, like franchise operations or chain stores?
What is a common characteristic of Speculators?
What is a common characteristic of Speculators?
Which group assumes operating responsibilities subject to specifications set out by another party?
Which group assumes operating responsibilities subject to specifications set out by another party?
What is a key function of Entrepreneurs in business that involves activities such as organizing, coordinating, leading, and evaluating?
What is a key function of Entrepreneurs in business that involves activities such as organizing, coordinating, leading, and evaluating?
What distinguishes an Internal Entrepreneur from a Franchisee?
What distinguishes an Internal Entrepreneur from a Franchisee?
What type of entrepreneur needs to establish their own business in order to survive?
What type of entrepreneur needs to establish their own business in order to survive?
Flashcards are hidden until you start studying
