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Questions and Answers

What is the meaning of 'entrepreneur' derived from the French word 'entreprendre'?

To innovate

To develop

To manage

To undertake (correct)

What are the four ways in which an opportunity may be novel?

Creating a similar product

Pioneering a new product (correct)

Devising a new business model (correct)

Targeting new customers for existing products (correct)

All types of opportunity are mutually exclusive.

False

What does 'bootstrapping' refer to in entrepreneurship?

Keeping expenditures to a minimum while investing personal time and funds. Signup and view all the answers

Demand risk relates to prospective customers' willingness to adopt the ______.

solution Signup and view all the answers

What is a primary trait of an entrepreneur?

Risk-taker Signup and view all the answers

What does an effective communicator do in the context of entrepreneurship?

Conveys a vision effectively Signup and view all the answers

What is the definition of 'enterprise'?

A large-scale organization with a composite structure. Signup and view all the answers

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Questions and Answers

What is the meaning of 'entrepreneur' derived from the French word 'entreprendre'?

What are the four ways in which an opportunity may be novel?

All types of opportunity are mutually exclusive.

What does 'bootstrapping' refer to in entrepreneurship?

Demand risk relates to prospective customers' willingness to adopt the ______.

What is a primary trait of an entrepreneur?

What does an effective communicator do in the context of entrepreneurship?

What is the definition of 'enterprise'?

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