10EST - what do you know?

What is the primary focus of entrepreneurial studies?

• History

• Science

• Business and Innovation

• Literature

Which term describes the process of turning an idea into a viable business?

• Market research

• Business development

• Prototype testing

• Entrepreneurship

What does SWOT analysis stand for in the context of entrepreneurship?

• Strengths, Weaknesses, Opportunities, Threats

• Success, Weaknesses, Opportunities, Trends

• Strategy, Work, Organization, Tactics

• Supply, Workforce, Operations, Technologies

Which term refers to the process of generating, developing, and communicating new ideas for a product, service, or process?

• Innovation

• Production

• Marketing

• Distribution

What is the term for the financial support provided to a startup by investors in exchange for equity?

• Loan

• Grant

• Venture capital

• Donation

What is a key characteristic of the entrepreneurial mindset?

• Avoiding risks

• Resistance to change

• Embracing challenges

• Reliance on tradition

In the entrepreneurial process, what comes after idea generation?

• Market research

• Product development

• Business plan creation

• Prototype testing

What is the purpose of a pitch in the context of entrepreneurship?

• To sell products to customers

• To secure funding or support for a business idea

• To promote personal achievements

• To critique competitors

What is a common challenge faced by entrepreneurs during the startup phase?

• Lack of creativity

• Overestimating market demand

• Avoidance of risks

• Excessive planning

Which of the following is a common reason why individuals become entrepreneurs?

• Desire for a stable 9-to-5 job

• Fear of failure

• Passion for solving problems

• Aversion to creativity