CHAP1

Question 1

branch of knowledge that deals with engineering or applied sciences. It is an application of science to solve problems by creating tools, processing actions and
extracting of materials

Answer 1

TECHNOLOGY

Question 2

practice of embarking on a new business venture, enterprise,
or existing businesses and bearing any of its risks, with the view of developing opportunities and making the profit

Answer 2

Entrepreneurship

Question 3

combining technology prowess and entrepreneurial skills. It is a new extension of entrepreneurship that uses technology to come out with
something new to make some innovation

Answer 3

Technopreneurship

Question 4

TRUE OR FALSE: Technopreneurship from Technology and Entrepreneurship

Answer 4

TRUE

Question 5

a person that possesses various skills in terms of marketing,
communication and strategically has the potential demand for the goods and services whether as a sole proprietor, with partners and within a corporation.

Answer 5

Entrepreneur

Question 6

TRUE OR FALSE: Technopreneur is a person that commonly seen as an innovator, a source of new ideas, goods, services, business and
procedures.

Answer 6

FALSE (Entrepreneur)

Question 7

What are the four types of entrepreneur

Answer 7

innovative
imitating
Fabian
drone

Question 8

invents new ideas, new products, new production methods or processes, discovers potential markets and reorganizes the company’s structure. This
type of entrepreneur is the industry leader and contributes significantly towards the
economic development of the country

Answer 8

Innovative Entrepreneur

Question 9

those who immediately copy/imitate the new inventions made by the innovative entrepreneurs

Answer 9

Imitating Entrepreneur

Question 10

Thistype of entrepreneurs isskeptical about the changes to be made in the organization.
They do not initiate any inventions but follow only after they are satisfied with its success
rate.

Answer 10

Fabian Entrepreneur

Question 11

These entrepreneurs are reluctant to change since they are very conservative and do not
want to make any changes in the organization. They are happy with their present mode of
business and do not want to change even if they are suffering the losses

Answer 11

Drone Entrepreneur

Question 12

TRUE OR FALSE: A technopreneur is a person who perceives an opportunity by introducing new products and services, creating forms of organization and by utilizing new raw materials.

Answer 12

TRUE

Question 13

Five traits of technopreneur

Answer 13

strong communication skills that close deals
product management knowledge
deep technical understanding
taking big risks
persistence

Question 14

What skills should technopreneur possess as they diverse people to their business ideas and products?

Answer 14

Strong Communication Skills that Close Deals

Question 15

It is significant that a technopreneur have a deep understanding of his or her idea or
product in order to present it to the target customers in a detailed and precise manner

Answer 15

Product Management Knowledge

Question 16

As a technopreneur, it is important to be tech-oriented as you will deal with the
technical aspects of your idea or product

Answer 16

Deep Technical Understanding

Question 17

Dealing with the competition will basically improve the way technopreneurs thick
outside of their box.

Answer 17

Taking Big Risks

Question 18

This phase refers to establishing demand and competitive analysis of the
market.

Answer 18

Opportunity Analysis

Question 19

composed of the organization’s future goals, how to achieve those goals and the timeframe
within which these goals are to be achieved that includes marketing strategy, financial and operational viewpoint.

Answer 19

Business Planning

Question 20

Entrepreneurial resources include sources of financing such like lines of credit and investment capital, technology, networks of contacts and publicity. four types of resources that includes physical resources, intellectual, human and financial resources.

Answer 20

Gathering Resources

Question 21

process of execution about what has been planned and utilizing the numerous resources for the success of the business.

Answer 21

Implementation

Question 22

TRUE OR FALSE: From the entrepreneurial process, the Scaling and Harvesting, SCALING is a process where the organization will reap what they sow in dealing with the challenges they had encountered throughout the process of the business.

Answer 22

FALSE (Harvesting)

Question 23

TRUE OR FALSE: From the entrepreneurial process, the Scaling and Harvesting, HARVESTING is a process where the organization will encounter challenges. The
organization will experience painful point for rapid growth for stability and continuity of the business operations.

Answer 23

FALSE (Scaling)

Question 24

From the technopreneurial process, this is the process of creating, developing and communicating abstract, concrete, or visual ideas

Answer 24

Idea generation

Question 25

From the technopreneurial process, is a process that evaluates and contrast new prospective ideas for your business.

Answer 25

Idea Screening

Question 26

is the process of testing new or hypothetical products or services before they are launched.

Answer 26

Concept Testing

Question 27

It is a process of identifying what the business needs and determining solutions to business problems that will improve the process, management and the financial status quo to deliver value to stakeholders.

Answer 27

Business Analysis

Question 28

it is important for the business to diagnosed problems and improve what is needed to stayed in the competition. It will identify the performance rating of the business.

Answer 28

Monitoring and Evaluation

Question 29

It is the process of introducing new products and service to the market. The use of advertisement, social media campaign,
and video production

Answer 29

Commercialization

Question 30

It is a process of experimenting and assessing your product to check its viability to consumers compromising of actual stores and real-life buying situations.

Answer 30

Test Marketing

Question 31

It is the overall design of the product where it shows it functionalities, specifications and interface that is based on the business analysis.

Answer 31

Prototyping