RO67 - 1.1 - Characteristics of successful entrepreneurs

What is the difference between creativity and innovation?

• Creativity is about generating ideas, while innovation is about putting those ideas into action
• Creativity is about marketing, while innovation is about product development
• Creativity is about problem-solving, while innovation is about risk-taking
• Creativity is about teamwork, while innovation is about leadership

Which trait is NOT mentioned as essential for a successful entrepreneur?

• Perseverance
• Leadership
• Negotiation
• Communication

Why do entrepreneurs need to be willing to take risks?

• To attract investors
• To overcome challenges
• To achieve high rewards
• To build a strong team

How does communication contribute to entrepreneurial success?

• By generating ideas
• By building relationships and fostering trust
• By reducing production costs
• By increasing product quality

What is the role of negotiation in entrepreneurship?

• To generate ideas
• To reach mutually beneficial agreements
• To reduce production costs
• To increase product quality

Why is confidence important for entrepreneurs?

• To reduce production costs
• To inspire others and overcome obstacles
• To increase product quality
• To generate ideas

What does determination help entrepreneurs achieve?

• To reduce production costs
• To persevere through setbacks and achieve success
• To increase product quality
• To generate ideas

How does creativity benefit entrepreneurs?

• By reducing production costs
• By generating unique products and services
• By increasing product quality
• By building relationships

What is the practical implementation of creative ideas called?

• Communication
• Negotiation
• Innovation
• Confidence

Why is risk-taking essential for entrepreneurs?

• To reduce production costs
• To achieve high rewards
• To increase product quality
• To build relationships