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Entrepreneurship: definition and characteristics

TOPIC PRACTICE

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Up to 20 questions from this page. Select your focus, then start.

20 questions
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Expert · Level 46 · entrepreneurship definition,resources,risk,value
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  1. Only selling products
  2. Only advertising
  3. Opportunity recognition resource organisation risk management and value creation
  4. Only leaving a job
Expert · Level 46 · market segmentation,customer groups,packages
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  1. Market segmentation and customer understanding
  2. Resource wastage
  3. Passivity
  4. Financial ignorance
Expert · Level 46 · entrepreneurship,failure review,business improvement,market strategy,decision making
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  1. To hide responsibility for mistakes
  2. To blame customers
  3. To identify opportunities to improve the plan, product, or market strategy
  4. To close the business immediately
Expert · Level 46 · customer orientation,ethics,safe product
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  1. Giving correct information and safe product according to customer need
  2. Making false promise
  3. Hiding adulteration
  4. Giving service late
Expert · Level 46 · learning readiness,technology,market change
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  1. It keeps the entrepreneur adaptable to changing market technology and customer needs
  2. It ends planning
  3. It weakens customer relations
  4. It stops quality
Expert · Level 46 · profit,customer complaints,sustainable business
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  1. The business is completely successful
  2. Customers are wrong
  3. Quality and service improvement are needed for long-term stability
  4. Complaints always increase profit
Expert · Level 46 · decision making,team participation,market data
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  1. Participative and rational decision-making
  2. Passive leadership
  3. Disorganised decision
  4. Customer neglect
Expert · Level 46 · record keeping,entrepreneurship,business decisions,sales trends,customer feedback,financial records
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  1. Analysing income, expenses, sales trends and customer feedback to make business decisions
  2. Keeping records only to show during an inspection
  3. Hiding business records so that the actual situation is not known
  4. Making decisions only by guesswork without reviewing records
Expert · Level 46 · sample testing,customer trust,market feedback
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  1. Customer trust and market feedback risk
  2. Legal identity
  3. Definite resource wastage
  4. No use of time
Expert · Level 46 · negative social impact,adulteration,ethics
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  1. Creating local employment
  2. Providing clean and safe product
  3. Causing health harm by adulteration for profit
  4. Giving useful service to low-income people
Expert · Level 46 · goal setting,progress,resource priority
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  1. Setting direction measuring progress and deciding resource priority
  2. Making work unclear
  3. Confusing the team
  4. Hiding risk
Expert · Level 46 · customer preference,market orientation,product decision
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  1. Customer and market-oriented thinking
  2. Excess creativity
  3. Excess records
  4. Legal compliance
Expert · Level 46 · sustainable entrepreneurship,resource conservation,waste reduction
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  1. Saving local resources and making useful products with less waste
  2. Wasting resources
  3. Ignoring environment
  4. Only false promotion
Expert · Level 46 · training,expansion,quality risk
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  1. Quality inconsistency and service errors
  2. Customer satisfaction will definitely increase
  3. Time will always be saved
  4. Risk will end
Expert · Level 46 · opportunity recognition,feasibility,market study
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  1. Checking demand cost customer and capacity after seeing a problem
  2. Opening a large business immediately without study after seeing a problem
  3. Doing small testing
  4. Taking customer feedback
Expert · Level 46 · value creation,profit,customer satisfaction
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  1. Value creation increases customer satisfaction making sustainable profit possible
  2. Value is not needed for profit
  3. Customer satisfaction is an obstacle
  4. Value creation is only expense
Expert · Level 46 · expansion strategy,demand,capacity,quality
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  1. Expanding after checking demand capacity finance and quality control
  2. First take loan then check demand
  3. Expanding fast by reducing quality
  4. Ignoring customer complaints
Expert · Level 46 · role clarity,family business,team management
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  1. Responsibility confusion and work conflict
  2. Quality will automatically increase
  3. Financial records will improve
  4. Customers will always be satisfied
Expert · Level 46 · customer classification,target market,service strategy
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  1. To decide product service and price according to different needs
  2. To ignore customers
  3. To leave the market
  4. To stop service
Expert · Level 46 · entrepreneurship characteristics,innovation,risk,ethics
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  1. Opportunity vision innovation calculated risk resource organisation ethics and continuous improvement
  2. Only profit copying and haste
  3. Fear delay and customer neglect
  4. Unplanned investment and false promotion