Entrepreneurship Concepts and Risks

The video tutorial discusses the purposes of business activities, such as meeting customer needs, creating jobs, and generating profit. It highlights the role of entrepreneurs in identifying market opportunities and taking risks to innovate and adapt products. Examples of successful entrepreneurs like Jeff Bezos, Rihanna, and Elon Musk are provided. The video also outlines key characteristics of entrepreneurs, including creativity, risk-taking, and determination. It concludes by examining the risks and rewards of business activities, such as financial loss, business failure, self-satisfaction, profit, and independence.

What is one of the primary purposes of business activity?

• To build monuments

• To explore space

• To meet customer needs

• To create art

Which of the following is an example of a tangible good?

• A train journey

• A laptop

• A haircut

• A yoga class

What is a key characteristic of an entrepreneur?

• Taking risks

• Following trends

• Avoiding risks

• Ignoring market needs

Who is the founder of Amazon?

• Jeff Bezos

• Emma Chamberlain

• Elon Musk

• Rihanna

What is an example of product adaptation?

• Starting a new tech company

• Opening a new store

• Launching a new car model

• Adding vegan options to a bakery menu

Which trait is essential for entrepreneurs to overcome challenges?

• Creativity

• Laziness

• Pessimism

• Indifference

What is a potential risk of business activity?

• Unlimited success

• Financial loss

• Guaranteed profit

• Eternal growth

Which of the following is a reward of business activity?

• Self-satisfaction

• No competition

• Unlimited resources

• Guaranteed success

What can long working hours lead to for entrepreneurs?

• Increased leisure time

• Improved health

• Physical exhaustion

• More vacations

What is the benefit of independence in business?

• Dependence on investors

• Freedom to make decisions

• Lack of responsibility

• Guaranteed success