Quiz Flashcards
It is a business paradigm which signifies the start of a new business undertaking
Entrepreneur
This is also know as R.A 9501 an act to promote entrepreneurship by strengthening development and assistance program to MSME herewise known as the ________
Magna Carta for MSMEs
During thus century, an entrepreneur is someone who would enter into a formal agreement with the government to provide products and srvuces
17th
He introduced the theory of innovation
Joseph Alois Schumpter
This is define as the art of observing correct practices in managing and operating a business enterprise by seeking opportunities yo provide valuable goods and service
entrepreneurship
this type of entrepreneurial opportunity could also surface throughout the existing process or procedure. It could also stem from process of discovery, research, and development
process/procedure need
this potential source of business or entrepreneurship venture mau result from discoveries, inventions, or innovations
new knowledge
A type of business owned and managed hy a single person
sole proprietorship
This provides the central, common source of knowledge through which each department can add their unique input from their respective domains
Business Model Canva/ BMC
True or False
entrepreneurship has limited relevance in the service sector, dominated by large corporations
False
This type of business opportunities can be found when situations and events are unanticipated
Unexpected events
True or False
Innovation in products, services, and processes often fuels economic growth by increasing efficiency And creating new markets
true
True or False
Entrepreneurship is only relevant for creating new businesses and generating wealth
false
True or False
Universities can offer mentoring programs, and entrepreneurial courses to cultivate the next generation of innovators
true
True or False
entrepreneurship automatically leads to i creased competition, benefiting consumers with lower prices
true
