Module 2 Entrepreneurship

Front

What is entrepreneurship?

Back

Entrepreneurship is the process of starting and running a new business, often involving risk and innovation.

Front

What is a key risk of being an entrepreneur?

Back

Losing family time.

Front

What do entrepreneurs seek in business?

Back

Entrepreneurs look for business ideas and new and better ways to solve problems.

Front

What is a key characteristic of successful entrepreneurs?

Back

Persistence.

Front

What is one of the five realities of entrepreneurs?

Back

Everyone possesses the ability to be an entrepreneur.

Front

What is a common challenge faced by entrepreneurs?

Back

Financial instability.

Front

What does it mean to be innovative in business?

Back

Being innovative means creating new ideas, products, or methods to improve business operations.

Front

What is a business opportunity?

Back

A business opportunity is a chance to start a business or sell a product or service that can generate profit.

Front

What is risk aversion?

Back

Risk aversion is the tendency to avoid taking risks, which can hinder entrepreneurial success.

Front

What is market demand?

Back

Market demand refers to the desire of consumers to purchase goods and services at a given price.