Practice Functions Of An Entrepreneur (2.5) - Entrepreneurship

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10 questions

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5 cards from this section. Quick, good the night before a test.
Exercise
6 questions · about 4 min · pass mark 70%. Hints available.
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Quiz
4 questions · about 3 min · pass mark 70%. Hints available.
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6 sample questions

Question 1.
What is idea generation?
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Think of the first step before starting a business.
Question 2.
Why is resource mobilization important?
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Consider what a business needs to function.
3Question 3.
What is the main purpose of idea generation?
- Creating business plans
- Developing new products
- Managing resources
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Think about the first step in creating a business.
4Question 4.
True or False: Risk management is not necessary for entrepreneurs.
- True
- False
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Consider what entrepreneurs face when starting a business.
Question 5.
You are an entrepreneur launching a new café. Identify at least three potential risks and develop strategies for mitigating each of them.
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Consider both external and internal factors that could affect operations.
Question 6.
Propose a continuous improvement strategy for a technology company that wants to enhance its product offerings.
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Think about how technology evolves with consumer needs.

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