If an entrepreneur estimates possible loss before applying a new idea, which quality is shown?
Correct answer: A
Estimating possible loss is risk assessment. Exam tip: link risk assessment with planning.
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Entrepreneurship: definition and characteristics
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Hard · Level 47 · home-science,entrepreneurship,risk-assessment
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- Risk assessment
- Leaving work
- Non-cooperation
- Neglect
Hard · Level 47 · home-science,entrepreneurship,pricing
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- Price remains practical and sustainable
- Business closes
- Customers always get confused
- Quality reduces
Hard · Level 47 · home-science,entrepreneurship,market-study
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- Lack of prior market study
- More transparency
- Correct time management
- Better leadership
Hard · Level 47 · home-science,entrepreneurship,livelihood
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- Earning own income and giving employment to others
- Keeping complete distance from work
- Cheating customers
- Destroying resources
Hard · Level 47 · home-science,entrepreneurship,production-planning
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- Extra cost and loss
- Certain success
- Customer satisfaction will always increase
- Risk will end
Hard · Level 47 · home-science,entrepreneurship,entrepreneur-role
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- Identifying opportunity arranging resources taking risk and running enterprise
- Only becoming a customer
- Delaying every decision
- Staying away from market
Hard · Level 47 · home-science,entrepreneurship,competition
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- Learn from competition and improve service
- Hide the business
- Stay away from customers
- Reduce quality
Hard · Level 47 · home science, entrepreneurship, change management, team communication, leadership, workplace behaviour
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- Confusion and resistance may increase
- Team members will immediately understand their new roles
- Work processes will continue without any disruption
- The team's trust in the entrepreneur will increase automatically
Hard · Level 47 · home-science,entrepreneurship,characteristics
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- Initiative innovation risk management leadership and perseverance
- Laziness fear delay and neglect
- Only copying rest and confusion
- Resource waste and untruthfulness
Hard · Level 47 · home-science,entrepreneurship,definition
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- Turning opportunity into enterprise through planning resources risk ethics and effort
- Only earning money
- Running away from problems
- Working without purpose
Expert · Level 47 · market feasibility,customer capacity,entrepreneurship
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- Social impact
- Market feasibility
- Personal hobby
- Decorative identity
Expert · Level 47 · quality,customer trust,cost control
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- Long-term customer trust
- Shop decoration
- More production
- Personal fame
Expert · Level 47 · opportunity planning,cost,supply,delivery
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- Announcing without preparation after hearing demand
- Seeing local demand and preparing cost supply and delivery plan
- Only writing the idea and leaving it
- Not talking to customers
Expert · Level 47 · customer based innovation,target group,product change
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- Passive copying
- Hiding resources
- Customer-based innovation
- Escaping risk
Expert · Level 47 · false claims,ethics,legal validity
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- Packaging becoming costly
- Getting orders quickly
- Using less material
- Risk to ethics trust and legal validity
Expert · Level 47 · customer segmentation,target market,pricing
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- Giving the same service to every customer
- Keeping customers away
- Deciding product price and communication according to different needs
- Hiding the product
Expert · Level 47 · social responsibility,customer safety,ethics
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- Social and ethical responsibility
- Writing skill
- Decorative thinking
- Personal hobby
Expert · Level 47 · uncertainty,small scale testing,feedback
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- Investing all capital immediately
- Testing on a small scale and improving through feedback
- Giving wrong information to customers
- Not checking demand
Expert · Level 47 · resourcefulness,limited resources,entrepreneurship
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- When resources are limited and the goal is clear
- When money is unlimited
- When there are no customers
- When there is no plan
Expert · Level 47 · market segmentation,customer diversity,service design
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- Production capacity
- Lack of market segmentation
- Legal compliance
- Resource collection
Why is it important for an entrepreneur to set price after understanding both customers and cost?
Correct answer: A
Price is linked with both cost and customer capacity. Exam tip: treat pricing as a balanced decision.
View question detailsIf an entrepreneur asks customer needs only after making the product, which planning weakness is shown?
Correct answer: A
Understanding customer need before product making is more suitable. Exam tip: remember pre-market study.
View question detailsIn which situation is the positive role of entrepreneurship on livelihood and society visible?
Correct answer: A
Entrepreneurship can give income to a person and employment to society. Exam tip: remember livelihood and employment together.
View question detailsIf an entrepreneur increases production without estimating profit, what risk may occur?
Correct answer: A
Cost and demand should be understood before increasing production. Exam tip: link production decision with planning.
View question detailsWhich option best states the broad role of an entrepreneur?
Correct answer: A
An entrepreneur turns an idea into a real enterprise. Exam tip: remember the full role of an entrepreneur.
View question detailsWhat should an entrepreneur do instead of fearing competition?
Correct answer: A
A better strategy can be made by learning from competition. Exam tip: link competition with improvement.
View question detailsIf an entrepreneur applies change without communicating with the team, what problem may occur?
Correct answer: A
The correct answer is that confusion and resistance may increase. When the reason, purpose, and new responsibilities of a change are not communicated, team members may feel uncertain or ignored. This can lead to misunderstandings, rumours, and resistance to the change. New roles do not become clear automatically; they require communication and guidance. Exam tip: Remember that clear communication, participation, and feedback are key elements of successful change management.
View question detailsWhich group is most suitable for understanding characteristics of entrepreneurship?
Correct answer: A
All these qualities are main characteristics of entrepreneurship. Exam tip: identify qualities through different examples.
View question detailsWhich option gives the most balanced understanding of entrepreneurship?
Correct answer: A
Entrepreneurship is not only an idea but responsible implementation. Exam tip: remember the complete process.
View question detailsIf an entrepreneur starts a business after noticing a problem but does not check customer paying capacity, which analysis is incomplete?
Correct answer: B
Along with the problem, customer paying capacity is part of market feasibility. In exams, check both need and payment.
View question detailsAn entrepreneur reduces quality to lower cost and later loses customers. Which principle is being neglected?
Correct answer: A
Reducing quality may save cost briefly but breaks trust. In exams, see the balance between cost and trust.
View question detailsIn which situation has an entrepreneur converted opportunity recognition into a practical plan?
Correct answer: B
An opportunity becomes practical when resources and operations are planned. In exams, look beyond idea to execution.
View question detailsIf an entrepreneur changes an old product according to a new customer group, what is this the best example of?
Correct answer: C
Improving according to a customer group shows both innovation and market understanding. In exams, identify useful change.
View question detailsAn entrepreneur makes false nutrition claims to increase sales. What is the most serious risk?
Correct answer: D
False claims harm both customers and business. In exams, treat truthfulness as necessary in health-related claims.
View question detailsWhat is the most strategic use of customer segmentation in entrepreneurship?
Correct answer: C
Customer segmentation helps targeted service and proper marketing. In exams, identify different customer needs.
View question detailsIf an entrepreneur focuses only on profit and ignores customer safety, which quality is weak?
Correct answer: A
Responsible entrepreneurship includes customer safety and social interest. In exams, do not separate profit from responsibility.
View question detailsWhich example shows the most sensible handling of uncertainty by an entrepreneur?
Correct answer: B
Small testing reduces uncertainty and risk. In exams, treat controlled testing as entrepreneurial wisdom.
View question detailsWhen is an entrepreneur's resourcefulness most important?
Correct answer: A
Creating useful results with limited resources is entrepreneurial ability. In exams, connect resourcefulness with limitations.
View question detailsIf an entrepreneur gives the same product to every customer despite different needs, what is the main strategic weakness?
Correct answer: B
Not designing service for different needs shows weak market understanding. In exams, consider customer diversity.
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