- 1. Entrepreneurship is the process of designing, launching, and running a new business, often initially a small business. It involves taking risks, creating value, and identifying opportunities to innovate. Entrepreneurs are visionary individuals who are willing to take on challenges, adapt to changing environments, and pursue their ideas with passion and determination. They play a crucial role in driving economic growth, creating jobs, and fostering innovation in various industries. Successful entrepreneurs possess a combination of creativity, leadership, resilience, and the ability to make strategic decisions. They constantly seek out new opportunities, learn from failures, and continuously strive for growth and success.
What does SWOT analysis stand for in the context of entrepreneurship?
A) Strategy, Winning, Organizing, Teamwork
B) Strengths, Weaknesses, Opportunities, Threats
C) Service, Website, Orders, Training
D) Sales, Workforce, Operations, Technology
- 2. What does ROI stand for in the context of business?
A) Recurring Operating Income
B) Runway of Innovation
C) Return on Investment
D) Risk of Inflation
- 3. What is a common reason for startup failure?
A) Perfect timing
B) Overwhelming success
C) Too much funding
D) Lack of market demand
- 4. Which term refers to the legal protection of inventions and artistic works?
A) Strategic planning
B) Tangible assets
C) Intellectual property
D) Workforce optimization
- 5. What is the term for the temporary suspension of business operations to reorganize and pay creditors?
A) Bankruptcy
B) Liquidation
C) Diversification
D) Monopoly
- 6. Which type of entrepreneurship involves starting a business within an existing organization?
A) Solopreneurship
B) Intrapreneurship
C) Collaborative entrepreneurship
D) Exopreneurship
- 7. What is an essential part of networking for entrepreneurs?
A) Collecting business cards
B) Building relationships
C) Avoiding social events
D) Talking only about oneself
- 8. What is the term for the process of understanding customer needs and preferences?
A) Logo design
B) Product development
C) Employee training
D) Market research
- 9. What does MVP stand for in the realm of entrepreneurship?
A) Market Value Proposition
B) Minimum Viable Product
C) Most Valuable Player
D) Marketing Video Promotion
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