Quiz 1: Entrepreneur
1. The practice of starting new organizations, particularly new
businesses generally in response to identified opportunities.
2– 6. Qualities of an Entrepreneur are the following.
7. A written document prepared by the entrepreneur that describes
all the relevant internal and external elements and strategies for
starting a new venture.
8-13. Who reads the business plans?
14. It allows the entrepreneur to see things in a very positive and
optimistic light in the midst of crisis or difficult situations.
15. It also about emotional intelligence or EQ which is often
manifested in the entrepreneur’s efforts to nurture relationships
with customers, employees and suppliers.
16. This refers to the ability of the entrepreneur to sense without
using the five senses.
17. This refer the “big or macro forces” that affect the area, the
industry and the market which the enterprise belongs to.
18-22. What are the five categories of Macro Environment?
23-24. What are the other biggest sources of opportunities?
25. It follows the product chain but concentrates on the “value”
added from one stage of the product to the other—a value that is
given by the market price differential between stages of production.
26. It focuses on the volume produced or converted at each link of
the chain.
27. It refers to the specific target market segment of a particular
enterprise.
28. It refers to the tastes of particular groups of people.
29. It refers to things that irritate customers.
30. The governance system of the country or the local area of
business.
Quiz 1: Entrepreneur
1. The practice of starting new organizations, particularly new
businesses generally in response to identified opportunities.
2– 6. Qualities of an Entrepreneur are the following.
7. A written document prepared by the entrepreneur that describes
all the relevant internal and external elements and strategies for
starting a new venture.
8-13. Who reads the business plans?
14. It allows the entrepreneur to see things in a very positive and
optimistic light in the midst of crisis or difficult situations.
15. It also about emotional intelligence or EQ which is often
manifested in the entrepreneur’s efforts to nurture relationships
with customers, employees and suppliers.
16. This refers to the ability of the entrepreneur to sense without
using the five senses.
17. This refer the “big or macro forces” that affect the area, the
industry and the market which the enterprise belongs to.
18-22. What are the five categories of Macro Environment?
23-24. What are the other biggest sources of opportunities?
25. It follows the product chain but concentrates on the “value”
added from one stage of the product to the other—a value that is
given by the market price differential between stages of production.
26. It focuses on the volume produced or converted at each link of
the chain.
27. It refers to the specific target market segment of a particular
enterprise.
28. It refers to the tastes of particular groups of people.
29. It refers to things that irritate customers.
30. The governance system of the country or the local area of
business.