Characteristics of Entrepreneurship

What does the term "innovation" mean in entrepreneurship?

• Sticking to traditional methods

• Avoiding change

• Introducing new ideas or methods

• Ignoring market trends

What is a characteristic of successful entrepreneurs?

• Risk aversion

• Innovation

• Resistance to change

• Dependency on others

Which of the following is a key trait of entrepreneurship?

• Aversion to challenges

• Fear of failure

• Creativity and resourcefulness

• Strict adherence to rules

What role does creativity play in entrepreneurship?

• Hindrance to progress

• Unimportant factor

• Essential for innovation and problem-solving

• Irrelevant skill

Which of these is not a category of external forces that affects a business?

• Competitive forces

• Technological forces.

• Economic forces

• Socio-economic forces

Which of the following best defines entrepreneurship?

• Working for a corporation

• Starting and running your own business

• Managing a government project

• Studying economics

What does the term "opportunity recognition" mean in entrepreneurship?

• Ignoring potential business ventures

• Identifying and seizing business opportunities

• Avoiding market trends

• Rejecting innovation

Entrepreneurs often demonstrate a high level of:

• Complacency

• Creativity

• Resistance to change

• Dependency on others

Which of the following is NOT a characteristic of entrepreneurship?

• Fear of failure

• Adaptability

• Dependency on others

• Creativity

What role does perseverance play in entrepreneurship?

• It leads to quick surrender

• It helps overcome obstacles and challenges

• It encourages risk aversion

• It hinders adaptability