Understanding Technopreneurship and Technology

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Questions and Answers

What is the main characteristic of a technopreneur?

  • Relies on traditional methods for business development
  • Uses cutting-edge technology to develop new business (correct)
  • Lacks innovation in business strategies
  • Avoids technology in business ventures

Which stage of team development is characterized by constant disagreements as team members get to know each other?

  • Forming
  • Norming
  • Performing
  • Storming (correct)

What is the primary difference between invention and innovation?

  • Innovation is about creating new products, while invention focuses on improving existing ones (correct)
  • Innovation is a novel concept, while invention is an improvement on existing concepts
  • Invention is related to technology, while innovation is not
  • Invention involves physical items, while innovation involves services

Which term refers to the capacity to recover quickly from difficulties?

<p>Resilience (D)</p> Signup and view all the answers

What is the practice of consistently converting good ideas into profitable commercial ventures known as?

<p>Entrepreneurship (B)</p> Signup and view all the answers

Which term represents self-assurance arising from one’s appreciation of their own abilities or qualities?

<p>Confidence (A)</p> Signup and view all the answers

What is the main difference between a LOYAL CUSTOMER and an IMPULSE BUYER?

<p>Loyal customers consistently buy from you, while impulse buyers make decisions on the spot without much thought. (B)</p> Signup and view all the answers

What distinguishes a CUSTOMER from a CONSUMER?

<p>A customer is focused on purchase, while a consumer is focused on usage. (B)</p> Signup and view all the answers

What defines a NEED-BASED CUSTOMER?

<p>They know exactly what they want and need, and are primarily driven by price. (B)</p> Signup and view all the answers

How does a VALUE MAP differ from a VALUE PROPOSITION?

<p>A value map breaks down features and benefits, while a value proposition articulates what the organization does. (A)</p> Signup and view all the answers

Which type of customer is primarily driven by price?

<p>Discount Customer (B)</p> Signup and view all the answers

Who is typically the end user in the context of consumption motivation?

<p>Consumer (B)</p> Signup and view all the answers

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