entrepreneurial skills 1

which of the following is not a part of the product life cycle

• innovative stage

• continuity stage

• growth stage

which of the following is not a source of business idea?

• customer survey

• personal experience and talents

• business plan

which of the following is not the role of an entrepreneur

• allocator

• licensing

• risk taker

• business planner

successful entrepreneurs are born entrepreneurs

• true

• false

entrepreneurship and self employment are mostly the same thing

• true

• false

business ownership is better than entrepreneurship

• true

• false

which of the following is not a factor in selecting business finance

• cost of capital

• risk

• fkexibility

• purpose of borrowing

which of the following is not a source of business finance

• owner's capital

• borrowings

• taxes

• issue of shares

Define entrepreneurship

• The process of designing, launching, and running a new business
• The process of managing an existing business
• The process of investing in established companies
• The process of shutting down a business

identify chracteristics of an entrepreneur

• passionate

• risk taker

• prayerful

• reliable