Brain teaser

What Is Entrepreneurship? Which of the below is NOT the answer?

• a process by which individuals pursue opportunities

• art of turning an idea into a business.

• assemble and then integrate all the resources needed.

• art of making money

What is Corporate Entrepreneurship?

• Finding new network for business

• Process of creating and developing new ideas, within an organization

• Finding the right customer

• Creating more money for the company

Which of the below is the characteristics of a entrepreneurial firm?

• Risk-averse

• Wait and see approach

• Less innovative

• Risk taking

Why Become an Entrepreneur? Which of the below is not the reason?

• Desire to be their own boss

• Desire to pursue their own idea

• Financial rewards

• Because Mr Vincent ask to become

Entrepreneurs believe that the business will positively influence people’s lives. This statement best referring to _______

• Product/Customer Focus

• Tenacity (determination) Despite Failure

• Passion for the Business

• Execution Intelligence

What is step 1 in assessing product/service demand?

• Talking Face-to-Face with Potential Customers

• Using Online Tools

• Library, Internet, and Gumshoe Research

• Study this subject

Utilize online tools to gauge (measure) reactions from potential customers. This refers to step number _____

• 1

• 2

• 3

• 4

Gumshoe Research is also seen as someone acting like a ______

• Policeman

• Investigator

• Fireman

• Kpop Artist

Which of the below is NOT a common mistake in putting a new venture together?

• Having not qualified family member

• Assuming that previous success in other industries automatically translates to your venture’s industry.

• Presenting a “one person team” philosophy

• Having a good mix of talents in the team

What are the advantages of starting a venture as a team?

• Team members may not get along.

• founders have similar areas of expertise, they may duplicate rather than complement one another.

• Conflicts easier to hapopen

• Teams bring more talent, resources, and ideas to a new venture.