1. What makes being an entrepreneur unique compared to other professions or careers?
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1. What makes being an entrepreneur unique compared to other professions or careers?
2. Give a specific example of each of the social and economic benefits of entrepreneurship.
b.
d.
e.
g.
h.
3. What are the common and core competencies of an entrepreneur? Choose one common competency and one core competency. Discuss each. citing examples.
4. Explain the concept of STEEPLED.
5. What are the 7Ps of marketing? Briefly describe each.
a.
b.
C.
d.
e.
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- 3. What are the common and core competencies of an entrepreneur? Choose one common competency and one core competency. Discuss each. citing examples.4. Explain the concept of STEEPLED.5. What are the 7Ps of marketing? Briefly describe each.a.b.C.d.e.4. Discuss the importance of a market pian and say how it would be effective in your start-up business.Write a business plan a) mention the kind of business u are into. b)how do u make this business grow,is it by advertising or what c) This kind of business is it a business u employ people d)do u make profit or loss
- True or False1. Entrepreneurship covers more than just inventions; it also requires innovation 2. Entrepreneurs are academically and socially ineffective 3. Entrepreneurs are doing entrepreneurs; they lean towards action. 4. Only people who have certain natural talents can be Entrepreneurs. 5.Entrepreneurs are extreme risk takers 6. Entrepreneurs seek success but experience high failure rates 7. Ignorance is bliss for Entrepreneurs 8. All Entrepreneurs need is luck 9. Money is what the Entrepreneurial venture need to survive 10. Entrepreneurs must fit the standard Entrepreneurial profileENTREPRENEURIAL STUDIES (ETS 101) QUESTIONS The earliest reference to the term entrepreneurship was in (a) 1700s ( 1800s (c) 1900s (d) 21st century Early definitions of entrepreneurs were developed by ra) Marketing experts () Management experts (c) Economists (d} Personnel managers The concepts of "creative destruction" states that I Entrepreneurs are a force for change (b) Entrepreneurship has an uncertain financial return (e) Entrepreneurs must risk financial capital (d} Entrepreneurs have unique personality traits Entrepreneurship has been defined as a process activity that includes (a) An opportunity (b} An organizational context (c} Innovation (d; All of the above Which of the following is false? (a) The entrepreneurial process is common in the United States {b} Entrepreneurial "flashes of genius" are rare {o Many entrepreneurs start a business while they are employed elsewhere (d} The founders of Hewlett-Packard and Sony Corporation had well-defined product strategies before the…Imagine that you want to start your own business. For your business: (a) Decide on and state a new business concept (the type of business that you want to start and what it does). (b) Decide on and state a name and slogan for that business. (c) Consider at least three different types of business entities (e.g., corporation, sole proprietorship, LLP, LLC, general partnership, LP. S-Corporation), and choose one of those three types of entities as the form of business organization for your new business. (d) List the three types of entities that you considered and provide three reasons that the type of entity you chose for your business is better than the other two tvpes of entities (vou may wish to consider some of the following: ease of formation, tax consequences, management rights, duration, liability, and transferability of ownership (e) Develop a brief marketing strategy for your new business, and state your marketing strategy, including short-term and long-term strategies (f) Will…
- 3. If someone starts a small business and never needs to hire employees, can they becalled an entrepreneur?DisscussDescribe STP and explain STP’s importance for entrepreneurial start-up firms. 2ii. Describe the concept of guerrilla marketing and explain why guerrilla marketing is particularly suitable for entrepreneurial firms.a. There is a new University built in your area. Write down six (6) opportunities you can take as an Entrepreneur to serve this University community to generate impressive wealth. b. Choose one of those opportunities you have identified in (1a) and write a business plan as an Entrepreneur for financial support from an investor
- As part of an organisation that promotes women entrepreneurship, please assist with writing abusiness plan for a group of women who wants to establish a Fitness Centre for women. Write out a businessplan for them that encompasses the following:- Details of the Enterprise- Executive Summary- Mission and Objectives- Business Information/description- Personnel and Organisation- Market information (Limit to location, target customers, strengths and weakness of the enterprise). thanks,5. Describe the five different kinds of rents. Give examples of how an entrepreneur might attempt to collect these. 6. How will firms employ their resources for growth? Explain the focus effects and synergy effects. 9. What are the five stages for assessing entrepreneurial opportunities?choose correct answer In the twentieth century Joseph Schumpeter expanded the previous definition of J.B. Say thatan entrepreneurship is about:(a) Opportunity finding (b) Opportunity exploitation(c) Innovation In an enterprise, (d) All
