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Questions and Answers
What is the meaning of 'entrepreneur' derived from the French word 'entreprendre'?
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?
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.
All types of opportunity are mutually exclusive.
False (B)
What does 'bootstrapping' refer to in entrepreneurship?
What does 'bootstrapping' refer to in entrepreneurship?
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Demand risk relates to prospective customers' willingness to adopt the ______.
Demand risk relates to prospective customers' willingness to adopt the ______.
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What is a primary trait of an entrepreneur?
What is a primary trait of an entrepreneur?
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What does an effective communicator do in the context of entrepreneurship?
What does an effective communicator do in the context of entrepreneurship?
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What is the definition of 'enterprise'?
What is the definition of 'enterprise'?
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