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WorksheetsEntrepreneurship
Total questions: 10
Worksheet time: 5mins
Who are the people that owns, operate, and take risk of a business venture?
Aptitude
Employee
Entrepreneurs
Entrepreneurship
Which is NOT a disadvantage of Entrepreneurship?
Risky
Uncertain Income
You are the Boss
Work long hours
Which is NOT an advantage of Entrepreneurship?
You can be creative
Make a lot of Money
You will make decisions alone
Can choose a business of interest
Jestine brings her friends together to generate ideas on her new business. What did Jestine did?
Gap Analysis
Focused- Group
Brainstorming
Business Meeting
Which Macro Environment Forces defines the governance system of the country or the local are of the business?
Political Environment
Ecological Environment
Socio Cultural Environment
Technological Environment
Which DOES NOT show the surging passion of the entrepreneur?
He/She is drawn to find fulfilment in the act and process of discovery
He/She will be willing to totally devote one’s self to the quest
Despite several setbacks or disappointment, the entrepreneur is easily disheartened.
He/She have the ability to nurture relationships with customers, employees, and suppliers.
Why does the need for segmentation crucial in Micro-market Analysis?
Because the definition of “value for money” differs from group to group.
Because they can clearly defined location or specific customer group that an enterprise wishes to serve.
A is the correct answer
Both A and B is correct.
What method of Customer Profiling defines the customer’s motivation, perceptions, preferences and lifestyle?
Psychological
Psychographics
Demographics
Techno graphics
“Entrepreneur, know thy market well”. What does this simple reminder to the entrepreneur mean?
Alert all the time
Should exert all efforts to know the market he or she wants to exploit.
You will be able to reach your customer wherever they are
All of the above
What questions does the entrepreneur need to ask in consideration to his preferences and capabilities in screening of opportunities?
Do I have the drive to pursue this business opportunity to the end?
Will I spend all my time, effort and money to make the business opportunity work?
Will I sacrifice my exiting lifestyle, endure emotional hardship and forego my usual comforts to succeed in this business opportunity?
All of the above
