Technopreneurship Quiz

What is the key characteristic of a successful technopreneur?

• Avoiding risks at all costs

• Taking calculated risks and adapting to challenges

• Ignoring competition

• Following traditional business methods

Which of the following is NOT a trait of an entrepreneurial mindset?

• Resilience

• Creativity

• Fear of failure

• Proactiveness

What does "resilience" mean in entrepreneurship?

• The ability to recover from setbacks and keep moving forward

• The skill of predicting business trends

• Avoiding difficult challenges

• Relying only on external funding

Why is problem-solving important for a technopreneur?

• It helps in identifying market needs and creating solutions

• It ensures competition is eliminated

• It reduces product costs

• It helps in avoiding business risks

How can technopreneurs develop creativity?

• Ignoring customer feedback

• Studying market trends and thinking outside the box

• Sticking to traditional business practices

• Avoiding technology

What is an example of a disruptive innovation?

• Improving an existing mobile app

• The invention of the smartphone, replacing multiple devices

• Offering discounts on a product

• Changing a company’s logo

What is an MVP (Minimum Viable Product)?

• A fully developed product with all features

• A basic version of a product used for testing and feedback

• A marketing strategy

• A financial plan for investors

Which of the following is an example of identifying market gaps?

• Launching another taxi service in a crowded market

• Developing an app for booking local freelance mechanics where no such service exists

• Copying an existing competitor’s business model

• Ignoring customer needs

What is the primary goal of innovation in technopreneurship?

• To increase company expenses

• To create new or improved solutions that add value

• To follow existing trends

• To maintain traditional business operations

Which is an example of an innovative business model?

• A local bookstore opening a branch in another city

• A company shifting from selling DVDs to offering streaming services (like Netflix)

• Selling the same product at a lower price

• Ignoring customer preferences