ENT 1-1 Characteristics of Entrepreneurship

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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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A new type of transportation that replaces cars

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How does entrepreneurship contribute to market growth? Options: 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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By creating new opportunities and solving problems

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Characteristics

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Entrepreneurship

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What is disruptive innovation?

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An innovation that dramatically changes the normal order of things.

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What makes Airbnb a disruptive innovation?

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It dramatically changes the normal order of things.

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What is the relationship between entrepreneurship and opportunity?

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Entrepreneurship starts with finding a solution to a problem.

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What is the main goal of an entrepreneur? Options: 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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To solve problems and improve solutions

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What are the characteristics of a successful entrepreneur? Options: Constantly challenging the status quo, Identifying opportunities and creating solutions, Assuming personal and financial risk, All of the above

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All of the above

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

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To disrupt industries and create new opportunities

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What is an example of a disruptive innovation in the lighting industry? Options: Improved efficiency of incandescent lights, New designs for fluorescent lights, LED lights replacing traditional bulbs, Lower prices for traditional bulbs

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LED lights replacing traditional bulbs

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What is entrepreneurship?

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The process of identifying opportunities and creating a business.

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