- 1. Entrepreneurship is the process of designing, launching, and running a new business, often initially a small business. It involves taking risks, creating value, and identifying opportunities to innovate. Entrepreneurs are visionary individuals who are willing to take on challenges, adapt to changing environments, and pursue their ideas with passion and determination. They play a crucial role in driving economic growth, creating jobs, and fostering innovation in various industries. Successful entrepreneurs possess a combination of creativity, leadership, resilience, and the ability to make strategic decisions. They constantly seek out new opportunities, learn from failures, and continuously strive for growth and success.
What does SWOT analysis stand for in the context of entrepreneurship?
A) Strategy, Winning, Organizing, Teamwork
B) Sales, Workforce, Operations, Technology
C) Strengths, Weaknesses, Opportunities, Threats
D) Service, Website, Orders, Training
- 2. What does ROI stand for in the context of business?
A) Return on Investment
B) Runway of Innovation
C) Recurring Operating Income
D) Risk of Inflation
- 3. What is a common reason for startup failure?
A) Perfect timing
B) Too much funding
C) Overwhelming success
D) Lack of market demand
- 4. Which type of entrepreneurship involves starting a business within an existing organization?
A) Exopreneurship
B) Solopreneurship
C) Intrapreneurship
D) Collaborative entrepreneurship
- 5. What is the term for the temporary suspension of business operations to reorganize and pay creditors?
A) Liquidation
B) Diversification
C) Bankruptcy
D) Monopoly
- 6. Which term refers to the legal protection of inventions and artistic works?
A) Workforce optimization
B) Intellectual property
C) Strategic planning
D) Tangible assets
- 7. What is the term for the process of understanding customer needs and preferences?
A) Market research
B) Logo design
C) Employee training
D) Product development
- 8. What does MVP stand for in the realm of entrepreneurship?
A) Minimum Viable Product
B) Market Value Proposition
C) Marketing Video Promotion
D) Most Valuable Player
- 9. What is an essential part of networking for entrepreneurs?
A) Collecting business cards
B) Talking only about oneself
C) Avoiding social events
D) Building relationships
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