Enterprise and Entrepreneurship - introduction

Which of the following is NOT a key quality of a successful entrepreneur?

• • Risk-taking

• • Creativity

• • Fear of failure

• • Perseverance

One of the primary advantages of being an entrepreneur is:

• • Guaranteed success

• • High level of security

• • Flexibility and control

• • Low risk

A major disadvantage of entrepreneurship is:

• • High levels of stress

• • Guaranteed financial success

• • Lack of responsibility

• • Limited working hours

Entrepreneurs often face financial risks, including:

• • Guaranteed profits

• • Debt and loss

• • Low expenses

• • Stable income

Which of the following is NOT a common source of business ideas?

• • Personal interests and hobbies

• • Solving problems

• • Government regulations

• • Market gaps

Observing trends in the market can help entrepreneurs identify:

• • Unsatisfied customer needs

• • Government regulations

• • Decreasing demand

• • Lack of innovation

Entrepreneurs play a crucial role in the economy by:

• • Creating jobs

• • Reducing competition

• • Increasing unemployment

• • Limiting innovation

12. Adding value to a business involves:

• • Decreasing costs

• • Offering unique products or services

• • Limiting innovation

• • Reducing customer satisfaction