Podcast
Questions and Answers
What type of entrepreneurship focuses on resolving social needs rather than making profits?
What type of entrepreneurship focuses on resolving social needs rather than making profits?
- Ethical entrepreneurship
- Community-based entrepreneurship
- Social entrepreneurship (correct)
- Non-profit entrepreneurship
Which level of entrepreneurial development involves seeking opportunities to expand the business?
Which level of entrepreneurial development involves seeking opportunities to expand the business?
- The Leader
- The Investor (correct)
- The Self-Employed
- The Manager
What is the first step in the four-step process of thinking for entrepreneurs?
What is the first step in the four-step process of thinking for entrepreneurs?
- Materialization
- Visualization
- Verbalization
- Idealization (correct)
Which trait allows entrepreneurs to establish relationships with customers?
Which trait allows entrepreneurs to establish relationships with customers?
What is the term used to describe entrepreneurs who address issues and challenges before they arise?
What is the term used to describe entrepreneurs who address issues and challenges before they arise?
Which step in the four-step process of thinking involves turning a vision into reality?
Which step in the four-step process of thinking involves turning a vision into reality?
What is the primary role of entrepreneurs?
What is the primary role of entrepreneurs?
How are entrepreneurs' profits generated?
How are entrepreneurs' profits generated?
Which characteristic best defines an entrepreneur?
Which characteristic best defines an entrepreneur?
What is the primary focus of startup entrepreneurs?
What is the primary focus of startup entrepreneurs?
How do large companies cope with changing market conditions?
How do large companies cope with changing market conditions?
What is the primary driver for large companies to innovate?
What is the primary driver for large companies to innovate?
What is the process of cautiously selecting the best opportunity?
What is the process of cautiously selecting the best opportunity?
Which of the following is NOT a micromarket source?
Which of the following is NOT a micromarket source?
What is the process of pushing through with the chosen opportunity and making the best out of it?
What is the process of pushing through with the chosen opportunity and making the best out of it?
Which of the following is NOT listed as a most important element in a compelling opportunity?
Which of the following is NOT listed as a most important element in a compelling opportunity?
What is a source of the current trend on what is happening in the industry?
What is a source of the current trend on what is happening in the industry?
Which of the following is listed as a micromarket source?
Which of the following is listed as a micromarket source?
What type of innovation should be protected by patent, trade secret, and copyright?
What type of innovation should be protected by patent, trade secret, and copyright?
At which stage is the consumer acceptance test conducted?
At which stage is the consumer acceptance test conducted?
Which stage involves naming feasible products and/or services that suit the opportunity?
Which stage involves naming feasible products and/or services that suit the opportunity?
Which type of innovation involves technological advancements of existing products?
Which type of innovation involves technological advancements of existing products?
Which stage validates the work done in the first three stages of product or service planning and development?
Which stage validates the work done in the first three stages of product or service planning and development?
What is the primary goal of small business entrepreneurship?
What is the primary goal of small business entrepreneurship?
Which of the following is NOT an example of a small business entrepreneur?
Which of the following is NOT an example of a small business entrepreneur?
What is the primary source of funding for small business entrepreneurs?
What is the primary source of funding for small business entrepreneurs?
What is the key characteristic that distinguishes scalable startup entrepreneurs from small business entrepreneurs?
What is the key characteristic that distinguishes scalable startup entrepreneurs from small business entrepreneurs?
What is the root meaning of the word 'entrepreneur'?
What is the root meaning of the word 'entrepreneur'?
Which of the following statements about entrepreneurship is true?
Which of the following statements about entrepreneurship is true?
