- 1. Able to spot gaps, unmet needs, or problems
in the market.
A) Creating Innovative Solutions B) Pursuing Opportunities C) Identify Opportunities D) Creating Value
- 2. Aims to create value for various stakeholders,
including customers who benefit from innovative products, employees who find fulfilling work, and investors who see returns on their investments.
A) Creating Value B) Identify Opportunities C) Creating Innovative Solutions D) Pursuing Opportunities
- 3. Don't just replicate existing solutions; they
strive to develop novel and creative approaches that address the identified challenges.
A) Creating Innovative Solutions B) Identify Opportunities C) Pursuing Opportunities D) Creating Value
- 4. Taking calculated risks and committing
resources to turn ideas into reality.
A) Creating Innovative Solutions B) Identify Opportunities C) Creating Value D) Pursuing Opportunities
- 5. Entrepreneurship is filled with challenges and
setbacks. Resilience allows entrepreneurs to bounce back from failures, learn from mistakes, and continue pursuing their goals despite obstacles.
A) Risk-taking B) Adaptability C) Resilience D) Creativity
- 6. Entrepreneurs possess the ability to generate
new and original ideas. They think outside the box and approach problems from different angles, leading to innovative solutions.
A) Risk-taking B) Creativity C) Resilience D) Adaptability
- 7. Entrepreneurs are willing to take calculated
risks, understanding that failure is a potential outcome but also an opportunity for growth.
A) Creativity B) Risk-taking C) Resilience D) Adaptability
- 8. The business landscape is constantly
changing. Entrepreneurs must be adaptable, adjusting their strategies and tactics as circumstances evolve to stay relevant and competitive.
A) Adaptability B) Creativity C) Risk-taking D) Resilience
- 9. Entrepreneurs are driven to
succeed.
A) Self-confident B) Ability to Communicate C) Drive D) Innovative
- 10. Entrepreneurs are good at
thinking outside the box.
A) Thinking Ability B) Reasonable Risk Taker C) Drive D) Goal Setter
- 11. Entrepreneurs are good at
networking and building relationships.
A) Drive B) Human Relations Ability C) Accountable D) Innovative
- 12. Entrepreneurs are good at
communicating their ideas.
A) Thinking Ability B) Ability to Communicate C) Technical Knowledge D) Self-confident
- 13. Entrepreneurs need to have a
good understanding of the industry they are in.
A) Technical Knowledge B) Goal Setter C) Accountable D) Thinking Ability
- 14. Entrepreneurs know that there
is always a risk of failure, but they are confident in their ability to succeed.
A) Accountable B) Innovative C) Reasonable Risk Taker D) Thinking Ability
- 15. Entrepreneurs are confident in
their abilities.
A) Ability to Communicate B) Thinking Ability C) Self-confident D) Reasonable Risk Taker
- 16. Entrepreneurs are good at setting
goals and achieving them.
A) Accountable B) Goal Setter C) Thinking Ability D) Self-confident
- 17. Entrepreneurs are accountable
for their actions.
A) Human Relations Ability B) Accountable C) Technical Knowledge D) Drive
- 18. Entrepreneurs are innovative.
A) Reasonable Risk Taker B) Drive C) Thinking Ability D) Innovative
- 19. Common way to collect data
from a large number of people.
A) Interviews B) Focus Group C) Online Research D) Surveys
- 20. It is a type of secondary
research that involves searching for information on the internet
A) Focus Group B) Interviews C) Surveys D) Online Research
- 21. It is a way to collect in-depth
data from a smaller number of people.
A) Surveys B) Focus Group C) Online Research D) Interviews
- 22. It is a way to collect data
from a small group of people who are brought together to discuss a topic.
A) Online Research B) Focus Group C) Interviews D) Surveys
- 23. It helps businesses gain a
comprehensive understanding of the industry they operate
A) Risk Management B) Industry Understanding C) Competition Assessment D) Competition Assessment
- 24. Analyzing competitors' strengths,
weaknesses, strategies, and market positioning, businesses can identify competitive advantages and potential gaps to exploit.
A) Industry Understanding B) Competition Assessment C) Strategic Planning D) Demand Estimation
- 25. Market analysis enables
businesses to measure the potential demand for their products or services by studying consumer behavior, preferences, and buying patterns.
A) Demand Estimation B) Strategic Planning C) Risk Management D) Industry Understanding
- 26. Helps identify potential risks and
threats that could impact the business, allowing proactive measures to be taken to mitigate these risks.
A) Competition Assessment B) Industry Understanding C) Strategic Planning D) Risk Management
- 27. Businesses can develop effective
strategies based on the insights gained from market analysis.
A) Competition Assessment B) Strategic Planning C) Risk Management D) Industry Understanding
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