Wage Employment and Types of Entrepreneurs
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Questions and Answers

What is the primary focus of small business entrepreneurs?

  • Local markets (correct)
  • Digital advertising
  • Social media marketing
  • Global markets

    • Which type of entrepreneurs continuously start new businesses leveraging their experience from previous ventures?

  • Small Business Entrepreneurs
  • Innovative Entrepreneurs
  • Serial Entrepreneurs (correct)
  • Social Entrepreneurs

    • What distinguishes social entrepreneurs from other types of entrepreneurs?

  • Addressing social or environmental issues (correct)
  • Corporate partnerships
  • Focus on profit
  • Innovative products

    • Which type of entrepreneurs drive innovation and new initiatives within large companies?

    <p>Corporate Entrepreneurs (Intrapreneurs)</p> Signup and view all the answers

    What do serial entrepreneurs often leverage when starting new ventures?

    <p>Prior experience and networks</p> Signup and view all the answers

    In what way do small business entrepreneurs contribute to the entrepreneurial landscape?

    <p>By often focusing on local markets and specific niches</p> Signup and view all the answers

    What motivates push entrepreneurs to start a business?

    <p>External pressures and circumstances</p> Signup and view all the answers

    Which factor contributes significantly to the diversity of the entrepreneurial ecosystem?

    <p>Creativity and innovation</p> Signup and view all the answers

    What distinguishes pull entrepreneurs from push entrepreneurs?

    <p>Opportunities and aspirations</p> Signup and view all the answers

    Which characteristic is crucial for long-term success in entrepreneurship?

    <p>Adaptability</p> Signup and view all the answers

    What drives successful entrepreneurs according to the text?

    <p>Vision for their business</p> Signup and view all the answers

    What differentiates pull entrepreneurs from push entrepreneurs in terms of motivation?

    <p>Opportunities and aspirations</p> Signup and view all the answers

    What is Peter Drucker's definition of entrepreneurship?

    <p>A systematic innovation that involves the purposeful search for changes and opportunities</p> Signup and view all the answers

    According to Joseph Schumpeter, what characterizes an entrepreneur?

    <p>An innovator who implements change within markets through new combinations</p> Signup and view all the answers

    What is the primary difference between entrepreneurs and intrapreneurs?

    <p>Entrepreneurs start their own independent businesses, while intrapreneurs exhibit entrepreneurial characteristics within existing organizations</p> Signup and view all the answers

    Which of the following best describes a serial entrepreneur?

    <p>An entrepreneur who starts and exits multiple businesses in succession</p> Signup and view all the answers

    According to Richard Cantillon, what is an enterprise?

    <p>The human agent or force that combines resources into a productive organization</p> Signup and view all the answers

    Which of the following characteristics is commonly associated with entrepreneurs?

    <p>Willingness to take calculated risks in pursuit of opportunities</p> Signup and view all the answers

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