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Entrepreneurship: definition and characteristics
Practice questions
If a person sees a local problem and starts a new service centre with limited resources, what is it an example of?Checking market demand before taking risk by an entrepreneur shows what type of risk?If an entrepreneur improves a product from customer complaints, which quality is clear?In which situation is an entrepreneur's adaptability most clearly seen?What is the benefit of including goals resources and possible risks in a business plan?Which option gives the most complete definition of entrepreneurship?If an entrepreneur only copies and does not understand new customer needs, which quality is weak?For an entrepreneur choosing priorities with limited capital is related to which skill?If a new need appears in the market and the entrepreneur first tests it on a small scale, what does it show?Making a product without understanding customer need can cause which problem?In which situation is an entrepreneur's accountability most clear?If an entrepreneur improves service quality after observing competition, which approach is shown?In which situation does an entrepreneur's creativity take practical form?What does an ethical entrepreneur consider even while earning profit?If an entrepreneur analyses causes after failure and tries again, which quality is shown?What may be affected first if products are not delivered on time in an enterprise?Using local skills and materials by an entrepreneur can be linked with which benefit?For correct pricing in business what should an entrepreneur balance?If an entrepreneur takes every decision without information, what is the main risk?Explaining work to new employees by an entrepreneur is related to which characteristic?