ENT 1-1 Characteristics of Entrepreneurship

Which of the following is an example of a disruptive innovation?

• A new type of transportation that replaces cars
• A new smartphone with improved features
• A new restaurant with a unique menu
• A new social media platform

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How does entrepreneurship contribute to market growth?

• By cultivating resources and starting a business
• By creating new opportunities and solving problems
• By disrupting industries and creating innovation
• By challenging the status quo and improving solutions

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Characteristics

of

Entrepreneurship

What is disruptive innovation?

• An innovation that dramatically changes the normal order of things
• A process of identifying opportunities and creating a business
• An innovation that challenges the status quo
• A process of constantly improving solutions

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What makes Airbnb a disruptive innovation?

• It challenges the status quo and improves solutions
• It constantly improves solutions and solves problems
• It dramatically changes the normal order of things
• It cultivates resources and creates new opportunities

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What is the relationship between entrepreneurship and opportunity?

• Entrepreneurship is the process of challenging the status quo
• Entrepreneurship starts with finding a solution to a problem
• Entrepreneurship revolves around cultivating resources
• Entrepreneurship is the process of creating disruptive innovations

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What is the main goal of an entrepreneur?

• To create disruptive innovations
• To cultivate resources and start a business
• To challenge the status quo
• To solve problems and improve solutions

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What are the characteristics of a successful entrepreneur?

• Constantly challenging the status quo
• Identifying opportunities and creating solutions
• Assuming personal and financial risk
• All of the above

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Why is it important for entrepreneurs to challenge the status quo and constantly improve solutions?

• To cultivate resources and create a business
• To disrupt industries and create new opportunities
• To identify opportunities and create a business
• To solve problems and improve society

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What is an example of a disruptive innovation in the lighting industry?

• Improved efficiency of incandescent lights
• New designs for fluorescent lights
• LED lights replacing traditional bulbs
• Lower prices for traditional bulbs

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What is entrepreneurship?

• The process of identifying opportunities and creating a business
• A person who starts a business
• The act of constantly improving solutions
• The act of challenging the status quo

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