Key Activities and Resources in Business

What is a common misconception about the daily tasks of entrepreneurs?

• They handle multiple business functions.

• They spend most of their time in meetings.

• They are primarily involved in external communication.

• They only focus on one aspect of the business.

What are 'key activities' in the context of entrepreneurship?

• Tasks related to personal development

• Activities essential for delivering value to customers

• Activities that are not core to the business

• Only marketing and sales activities

Why is planning considered crucial in entrepreneurship?

• It helps in avoiding unnecessary meetings.

• It minimizes surprises and prepares for challenges.

• It is only necessary for financial management.

• Planning is not considered crucial in entrepreneurship.

What is a key activity for a business teaching ukulele lessons?

• Selling music books

• Designing furniture

• Playing the ukulele

• Manufacturing ukuleles

Which of the following is NOT a category of key resources mentioned?

• Intellectual resources

• Emotional resources

• Physical resources

• Financial resources

What does intellectual property include?

• Physical office spaces

• Financial investments

• Branding and proprietary knowledge

• Employee skill sets

Which resource category does Amazon's warehouses fall under?

• Human resources

• Financial resources

• Intellectual Property

• Physical resources

What financial resource might an aspiring photographer use to start their business?

• Stock options

• Bank loans

• Saving up cash

• Crowdfunding

What is SquareSpace's main key activity?

• Selling physical products online

• Offering digital marketing services

• Providing customizable website templates

• Hosting social media content

How does SquareSpace communicate its value proposition to potential customers?

• Using marketing and advertising

• Through physical stores

• By offering free trials

• Exclusively through email campaigns