Exploring Entrepreneurship Fundamentals

Which of the following is a key component of a business plan?

• Personal hobbies

• Marketing strategy

• Favorite books

What is an entrepreneurial mindset trait?

• Laziness

• Calculated Risk-taking

• Indecisiveness

Which of the following best describes social entrepreneurship?

• Starting a business only for profit

• Creating a business to solve social problems

• Running a business for fun

• Copying another business idea

If an entrepreneur wants to improve their problem-solving skills, which activity would help the most?

• Ignoring challenges

• Practicing brainstorming solutions

• Waiting for others to solve problems

A social entrepreneur notices that many people in their community lack access to clean water. What is the first step they should take to address this issue?

• Immediately start selling bottled water

• Research the causes and needs related to clean water access

• Ignore the problem

• Complain to friends

Which of the following best demonstrates the application of an entrepreneurial mindset in daily life?

• Giving up after the first failure

• Looking for new ways to solve everyday problems

• Refusing to try new things

Imagine you are an entrepreneur who has developed a new eco-friendly backpack. How would you use evidence to convince investors that your product will succeed in the market?

• Present market research data showing demand for eco-friendly products and customer feedback on your backpack

• Ignore Everything

• Only talk about your personal opinion

Entrepreneurial problem solvers exhibit the following behaviors:

• comfort performing under pressure

• ability to forget important details

• loyalty to standard practices

• comfort conceding defeat

Entrepreneurs look for business ideas and new and better ways to solve problems.

• True
• False