Entrepreneurship Exam 1st - IIIBach

Choose the correct answer: It is a method used to found a new company or introduce a new product on behalf of an existing company.

• Market Research

• Lean Start-Up

• MVP

The crowdsourcing has 7 steps.

• True

• False

Choose the correct answer: The demand level for a product will decline as its price rises.

• Law of Price

• Law of Supply

• Law of demand

Explain what crowdsourcing in your own words.

Choose the correct answer: It says higher prices boost supply while lower ones tend to diminish it.

• Law of Price

• Law of Supply

• Law of demand

What does “the green entrepreneurship” refer to?

• Create and implement solutions to environmental problems

• Create solutions to animal problems

• Create environmental problems

What motivates green entrepreneurs?

• Increase environmental impact

• Reduce environmental impact

• Launch a product

Only 3% of the world’s water is freshwater.

• True

• False

Explain the following image in your own words.

The business

which uses less water

than others and its

percentage is .........