Why is maintaining quality necessary in entrepreneurship?
Quality builds customer trust and reputation. In exams, treat quality as an entrepreneur's responsibility.
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Quality builds customer trust and reputation. In exams, treat quality as an entrepreneur's responsibility.
View question detailsOption A is correct. Opportunity recognition means identifying a problem, an unmet need, or a gap in the market and developing a useful business solution. Starting a service after noticing a shortage of nutritious food in a locality clearly shows this ability. Option B is merely copying a business and does not involve analysing a local need or opportunity. Exam tip: Words such as “shortage,” “problem,” “unmet need,” and “demand” often point to an entrepreneurial opportunity.
View question detailsClear communication strengthens business relationships. In exams, connect entrepreneurship with communication.
View question detailsPassive waiting is opposite to entrepreneurial behaviour. In exams, connect entrepreneurship with activeness.
View question detailsStudying competition helps make better decisions in the market. In exams, link competitor study with strategy.
View question detailsLearning from complaints improves the business. In exams, treat feedback as a tool for improvement.
View question detailsAn entrepreneur must take responsibility for many aspects. In exams, choose the option showing balanced responsibility.
View question detailsEntrepreneurship helps a person create work and income through ability. In exams, connect self-reliance with initiative.
View question detailsHome-based production and selling can be an example of a small enterprise. In exams, connect Home Science skills with entrepreneurship.
View question detailsA habit of learning keeps an entrepreneur capable in changing situations. In exams, connect learning with adaptability.
View question detailsOrganising ability helps run an enterprise properly. In exams, identify coordination of resources.
View question detailsValue is created when the customer receives useful benefit. In exams, connect value with usefulness.
View question detailsForesight means anticipating future market needs, changing customer preferences, and possible opportunities, then preparing in advance. Therefore, preparing skills and products according to expected future demand shows an entrepreneur’s foresight. Focusing only on present sales is not foresight because it does not involve planning for future market changes. Exam tip: Link ‘anticipation of future needs and advance preparation’ with foresight.
View question detailsLegal compliance increases trust and stability. In exams, connect rules with entrepreneurial responsibility.
View question detailsA customer-centred entrepreneur focuses on convenience and quality. In exams, connect customer needs with business decisions.
View question detailsClear goals direct efforts and resources properly. In exams, connect goals with direction.
View question detailsSmall testing helps learn while controlling risk. In exams, choose controlled risk instead of blind risk.
View question detailsInternal motivation helps an entrepreneur keep making efforts. In exams, connect motivation with self-reliance and value.
View question detailsTaking feedback after sale improves both product and customer relationship. In exams, value after-sale service.
View question detailsEntrepreneurship combines activeness innovation planning and responsibility. In exams, identify the group of positive traits.
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