Entrepreneurship Quiz

A person who identifies market gaps, assumes risks, and innovates to build a successful company is known as:

• Shareholder

• Manager

• Entrepreneur

• Supervisor

What is the main goal of entrepreneurship?

• Maintaining a stable job in a company

• Managing financial risks without taking action

• Creating and growing a business that generates value and profit

• Avoiding innovation while managing a business

Which scenario demonstrates an entrepreneur identifying an opportunity?

• Copying a successful business model without modifications

• Developing a product that solves a widespread but overlooked problem

• Waiting for market trends to dictate business decisions

• Investing in a business without understanding the risks

What does a successful entrepreneur primarily rely on when launching a business?

• Pure luck and market fluctuations

• Innovation, financial management, and risk-taking

• Copying competitors' strategies

• Relying solely on existing customer preferences

Why is market research essential for business success?

• It guarantees immediate profits

• It helps understand customer needs and identify gaps

• It eliminates all business risks

• It focuses only on competition analysis

How can solving a problem lead to a business opportunity?

• By ignoring customer complaints and focusing on marketing

• By introducing a product that addresses an unmet customer need

• By offering the same service as competitors at a higher price

• By limiting product availability to specific customer groups

A community lacks affordable childcare services. What is the best entrepreneurial approach?

• Open a new high-end toy store

• Launch a tutoring business for high school students

• Start an affordable daycare center

• Create an app for online shopping

Which business idea best fills a gap in the marketplace?

• Opening another coffee shop identical to competitors

• Developing a delivery service in a town with no such option

• Selling outdated products with minor modifications

• Opening a clothing store with the same styles as others nearby

A neighborhood has multiple high-end restaurants but no budget-friendly dining options. What would be the best opportunity?

• Opening another upscale restaurant

• Launching a fast-casual eatery with affordable meals

• Selling imported gourmet foods

• Starting a cooking class business

What is the key factor in determining whether a business idea is viable?

• The amount of money invested

• The number of competitors in the market

• The demand for the product or service

• The complexity of the business plan