QUIZ #1 - BSAB 2B

It is defined as the visualization and realization of new ideas by insightful individuals, who are able to use information and mobilize resources to implement their vision.

• Entrepreneurship

• Entrepreneur

• Entripreneurship

• Business

Who are the people who have probably provided the most elaborate and inclusive definition of Entrepreneurship?

• Maribel & Mabel

• Wennerkers & Thurik

• Einstein & Adams

• Friedrich & Thomas

Entrepreneur comes up with new ideas and turns them into viable business and find new ways to market the products that make their business stand out from the crowd and sometimes create a new crowd.

• Fabian Entrepreneurship

• Imitative Entrepreneurship

• Innovative Entrepreneurship

• Drone Entrepreneurship

It is concerned with such businesses in which owners are satisfied with the existing mode and speed of business activity and show no inclination in gaining market leadership.

• Innovative Entrepreneurship

• Imitative Entrepreneurship

• Fabian Entrepreneurship

• Drone Entrepreneurship

It is concerned with such business organizations in which the individual owner does not take initiative in visualizing and implementing new ideas and innovation.

• Innovative Entrepreneurship

• Imitative Entrepreneurship

• Drone Entrepreneurship

• Fabian Entrepreneurship

Implements current techniques from which they copy certain business ideas and improve upon them as to gain an upper hand in the market

• Innovative Entrepreneurship

• Imitative Entrepreneurship

• Fabian Entrepreneurship

• Drone Entrepreneurship

It covers a wide spectrum of agricultural activities like cultivation, marketing of agricultural produce, irrigation, mechanization and agricultural technology.

• Agricultural Entrepreneurship

• Imitative Entrepreneurship

• Manufacturing Entrepreneurship

• Trading Entrepreneurship

Identifies needs of customers and then explores the resources and technology to be used to manufacture the products to satisfy those needs by converting raw materials into finished products.

• Agricultural Entrepreneurship

• Manufacturing Entrepreneurship

• Trading Entrepreneurship

• All of the above

It procures finished products from manufacturers and sells these to customers either directly or through middlemen such as wholesalers, dealers and retailers.

• Trading Entrepreneurship

• Agricultural Entrepreneurship

• Manufacturing Entrepreneurship

• None of the above

It deals with establishing and running industry based on science and technology.

• Technical Entrepreneurship

• Non-technical Entrepreneurship

• Trading Entrepreneurship

• Innovative Entrepreneurship