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WorksheetsEntrepreneurial Mind Live Online Quiz
Total questions: 10
Worksheet time: 2mins
The process of systematically gathering, recording, and evaluating data regarding specific marketing problem.
Business Plan
Market Research
Planning
Business Venture
This should be the first investment of anyone who seeks to be an entrepreneur, such idea has to be new or innovative.
Planning
Market Research
Ideation
Business Plan
It is the direction and guide of the entrepreneur as to what is to be done and how to do it.
Planning
Market Research
Ideation
Business Plan
Resource needs and economic conditions change, planning should adjust to such change. What principles of planning is being discussed?
Planning must start with a simple project
Planning must be based on felt needs
Planning must be realistic
Planning must be flexible
Trying and trying again even if people say you will fail. Successful entrepreneurs often failed in their first attempt but they refused to be discouraged. What characteristic of an Entrepreneur is being described?
Practice Persistence
Take moderate risks
Set High Standards of Quality and Efficiency
Be Committed to What you Set Out to Do
These are examples of tips in evaluating ideas, except?
Take a risk on your ideas
Let your idea follow money
Make sure your idea has longevity
See yourself as a problem solver
It must be based on the available resources: human, financial, and physical resources. What principles of planning is being discussed?
Planning must be flexible
Planning must be based on felt needs
Planning must be realistic
Planning must start with a simple project
These are the importance of business planning, except?
Planning can detect the weaknesses of the business operations
Planning can maximize cost of production
Planning can eliminate business risk
Planning helps us to know what to expect in the future
Successful entrepreneurs make sure that the products and services they sell are of good quality. What characteristic of Entrepreneur is being described?
Set High Standards of Quality and Efficiency
Actively seek opportunities
Be Creative
Take moderate risks
Entrepreneurs should be able to recognize the opportunity to develop a product and set trends that can make them leading entrepreneurs. What common way of developing idea is being described?
Recognizing the need
Be aware of everything
Naming it first, then, develop it
Recognize trends
