Entrepreneurship Quiz 1

The manner of translating a business idea into a business venture. It is also refers to the preparation of a business plan to the implementation of a business plan.

It suggests the preparation of a business plan.

Process of carrying out the business plan. It covers a number of activities, including the management of human, physical, technological, and financial resources of the business.

Describe the process of identifying, sourcing, and financing human, non-human and other resources needed for the conduct of business.

Refers to the recognition of a business idea or the detection of opportunities that could make money for the entrepreneur.

Pertains to strategies related to the expansions of the business firm.

A person focused on creating a world-class business

One who operates a small-scale business enterprise.

Studies have shown that entrepreneurs need some formal education to be able to seize the opportunities presented by inventions, innovations, and other technological developments.

These are associated with uncertainties in business operation. These uncertainties can threaten the survival and stability of a business enterprise.