ENTREPRENUERSHIP

Question 1

What is an entrepreneur?

Answer 1

an entrepreneur is a person who is able to spot an opportunity or gap in the market and then collects the resources, take advantage and etablish a business

Question 2

ENTREPRENEUR

Answer 2

OPPORTUNITY, RESOURCES, GROWTH, RISK, REWARD/PROFIT

Question 3

PUSH FACTORS (negative)

Answer 3

unemployment
job security.
no formal training.
disagreements with employer

Question 4

PULL FACTORS (positive)

Answer 4

independance
recognition
self-actualisation
personal employment

Question 5

CHARACTERISTICS OF AN ENTREPRENEUR

Answer 5

creative/innovative
perseverant
determination
high risk tolerance
self-reliance
flexibility
motivation
opportunity seeking

Question 6

Techno entrepreneur

Answer 6

Look for was to develop technology or who use technology to develop their business

Question 7

Social entrepreneur

Answer 7

Entrepreneurs venture to solve social issues in society

Question 8

Tourism entrepreneur

Answer 8

Identifies gaps in the tourism industry and offers goods or services to attract tourists

Question 9

Enviro entrepreneur

Answer 9

Create business venture to solve environmental problems therefore contributing to a sustainable environment