- 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) Strengths, Weaknesses, Opportunities, Threats
B) Service, Website, Orders, Training
C) Sales, Workforce, Operations, Technology
D) Strategy, Winning, Organizing, Teamwork
- 2. What does ROI stand for in the context of business?
A) Recurring Operating Income
B) Return on Investment
C) Risk of Inflation
D) Runway of Innovation
- 3. What is a common reason for startup failure?
A) Too much funding
B) Lack of market demand
C) Perfect timing
D) Overwhelming success
- 4. Which term refers to the legal protection of inventions and artistic works?
A) Tangible assets
B) Strategic planning
C) Intellectual property
D) Workforce optimization
- 5. What is the term for the temporary suspension of business operations to reorganize and pay creditors?
A) Diversification
B) Liquidation
C) Bankruptcy
D) Monopoly
- 6. Which type of entrepreneurship involves starting a business within an existing organization?
A) Exopreneurship
B) Collaborative entrepreneurship
C) Solopreneurship
D) Intrapreneurship
- 7. What is an essential part of networking for entrepreneurs?
A) Building relationships
B) Collecting business cards
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) Employee training
C) Market research
D) Product development
- 9. What does MVP stand for in the realm of entrepreneurship?
A) Minimum Viable Product
B) Most Valuable Player
C) Marketing Video Promotion
D) Market Value Proposition
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