Home Science
Entrepreneurship: definition and characteristics
Practice questions
If an entrepreneur expands only after small testing of the product, what does this indicate?Which example shows a high level of resourcefulness in entrepreneurship?An entrepreneur sees similar products in the market and adds home delivery to the service. This is a mix of which characteristics?Which option shows the most information-based entrepreneurial decision?Why is brand image not limited only to name or logo for an entrepreneur?If an entrepreneur keeps product price very low and cannot even recover cost, what is the main management problem?An entrepreneur has a good product but information does not reach customers clearly. Which trait is weak?In which situation is disorganised change shown rather than entrepreneurial adaptability?What is the expert meaning of social responsibility in entrepreneurship?If an entrepreneur records reasons after every failure and changes the next plan, which characteristic is strongest?Which example shows that the entrepreneur balanced demand and capacity properly?When will an entrepreneur's networking prove most useful?If an entrepreneur ignores legal standards and hygiene rules, what is the biggest long-term threat?How should the relation between opportunity and problem be understood in entrepreneurship?In which situation is an entrepreneur's self-confidence turning into arrogance?In a Home Science based enterprise, strategic use of nutrition knowledge would appear in what?If an entrepreneur gives false advertisement to increase sales, it is against which entrepreneurial quality?Which option shows both organising ability and time management of an entrepreneur?An entrepreneur balances customer convenience, quality and price to make a product distinct. This is an example of what?If an entrepreneur takes a large loan immediately after customer numbers rise but does not check whether demand is stable, what is the weakness?