QUIZ ENT530

What is entrepreneurship?

• The activity of setting up a business and taking on financial risks in the hope of profit.

• The process of designing, launching and running a old business

• The activity of setting up a business not taking on financial risks in the hope of profit.

• None of the above

Those are the nature of entrepreneurship? Except...

• Entrepreneurial opportunities

• Entrepreneurial opposite

• Entrepreneurial action

• Entrepreneurial thinking

Chapter 2 is about.....

• Generating and exploding new entry strategies

• Genting and exploiting new entry strategies

• Generating and exploiting new entry strategies

• Getting new and old entry strategies

Entrepreneurial strategy is a set of .......... , .......... and ........that generate, and exploit, a new entry over time

• decisions, options, and reactions

• decisions, actions, and reactions

• decisions, actions, and reflections

• none the above

What is creativity?

• Ability to come up with new ideas and to identify new and different ways of looking at a problem and opportunities

• Ability to come up with new ideas and to avoid different ways of looking at a problem and opportunities

• Ability to come up with existing market and not looking at a problem and opportunities

• None of the above

What is it mean by business start up?

• Fraud by entrepreneurs who want to develop a product or service for which they believe there is demand.

• Exchange of goods or services over the internet between online stores and individual customers.

• The end of business that does the work or damage rather than the handle

• Founded by entrepreneurs who want to develop a product or service for which they believe there is demand.

Collection of all internal and external factors is the definition for?

• Pestle Analysis

• SWOT Analysis

• Business Plan

• Business Environment

Business Plan is define as

• an aggregate of all conditions, events and influences that surround and affect it. It is broad and ever changing as its separate elements interact

• a strategy is a long-term plan that you create for your company to reach the desired, future state you envision

• document that describes in detail how a business usually a startup to achieve its goals

• assists in planning and improves the overall performance, growth and profitability of the business

Starting a new venture requires the entrepreneur to make some decisions.

Some of the key decisions include...... except

• form of business to register

• consumer selling goods or services through physical store

• business licenses & permits required to operate

• ▪protecting unique  assets or intellectual property

The intellectual creations and its inherent value can be protected from being exploited by other parties through..

• productive process protection

• intelligent

  property protection

• intellectual property protection

• open-mindedness protection