INTRODUCTION TO ENTREPRENEURSHIP
DEFINITION OF ENTREPRENEURSHIP
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Challenge the Usual
|
|
|
Think Backward
|
|
|
Draw Idea Maps
|
|
|
Judge Each Idea as Realistic or Not
|
Detailed explanation-1: -Brainstorming is a group activity used to generate creative ideas. In the activity, group members are encouraged to think freely and without inhibitions so as to allow the free flow of creativity.
Detailed explanation-2: -Which of the following ensures a good idea for a business is an actual business opportunity? The idea solves a unique or want in the market that group of customers is WILLING to buy.
Detailed explanation-3: -Which of the following is probably NOT an important point to include in a business pitch? A detailed description of the meaning behind the company’s name.
Detailed explanation-4: -Wages paid to workers however can vary as the number of workers increase or decrease. Hence it is not considered as a fixed cost.