Entrepreneurship lesson 1

What is the purpose of entrepreneurship?

• To play a big role in countries economy

• To understand the use of money

• To create opportunities and stimulate the economy

• To nurture unconventional talents and skills

What are the types of enterprises according to concept?

• New Concept, Existing Concept and a New Business, Existing Concept and an Existing Business

• New Concept, Existing Concept and a New Business, Existing Concept giving Rise to a New Business

• New Concept, Existing Concept and an Existing Business, Existing Concept and a New Business

• New Concept, Existing Concept giving Rise to a New Business, Existing Concept and an Existing Business

What are the types of enterprise according to size?

• Micro-Enterprise, Small Enterprise, Medium Enterprise

• Small Enterprise, Medium Enterprise, Large Enterprise

• Micro-Enterprise, Medium Enterprise, Large Enterprise

• Small Enterprise, Medium Enterprise, Extra-Large Enterprise

Which of the following is an example of a small enterprise?

• Small Printing Press

• Watch Repair

• Food Stall

• Meat Stall

What are the 3 P's of Social Enterprise?

• People, Profit, Purpose

• Profit, Purpose, Planet

• People, Planet, Profit

• Purpose, People, Product

What is the definition of resource?

• A property, resource, or advantage that is of value

• The concept of introducing something new

• A possibility of loss or damage

• One that purchases or buys the product

What is the meaning of innovation?

• A property, resource, or advantage that is of value

• A possibility of loss or damage

• The concept of introducing something new

• A source of supply or support or an available means

What is the definition of risk?

• A source of supply or support or an available means

• The concept of introducing something new

• A property, resource, or advantage that is of value

• A possibility of loss or damage

What is the meaning of asset?

• A source of supply or support or an available means

• A possibility of loss or damage

• The concept of introducing something new

• A property, resource, or advantage that is of value

What is the definition of customer?

• A source of supply or support or an available means

• The concept of introducing something new

• A possibility of loss or damage

• One that purchases or buys the product