T1: Digital Entrepreneurship

What foundational technologies are associated with the 4th Industrial Revolution?

• Virtual Reality, Cloud Computing, Robotics, 3D Printing

• Augmented Reality, Machine Learning, Data Mining, E-commerce

• Artificial Intelligence, Blockchain, FinTech, IoT

• Quantum Computing, Cybersecurity, Big Data, Social Media

What does Industry 4.0 aim to maximize in the production sector?

• Traditional manufacturing methods

• Human labor

• Communication technologies

• Physical resources

Which of the following is NOT an advantage of Industry 4.0?

• Increasing economic efficiency

• Reducing manufacturing costs

• Increasing labor productivity

• Increasing unemployment rates

What is a potential disadvantage of Industry 4.0?

• Improved product quality

• Increased job opportunities

• High initial costs

• Enhanced creativity

Which market trend is characterized by the intersection of the virtual and real world?

• Big Data

• Social Media

• Augmented Reality

• Multichannel Retail

What is the primary focus of Big Data?

• Improving customer service

• Storing large amounts of data

• Creating virtual objects

• Enhancing social media interactions

What does digital marketing primarily use to promote products?

• Television and radio

• Billboards

• Print media

• Digital channels

Which of the following is a challenge of market research?

• People are always honest

• Market research is always accurate

• Market research is inexpensive

• People lie

What is one advantage of internet business?

• Potential access to a global market

• Increased marketing costs

• Higher physical overhead

• Limited market access

What is a disadvantage of internet business?

• Reduced competition

• Increased physical interactions

• Higher profit margins

• Negative reviews