It is is a venture a lot of people have capitalized on-and not without reason. It is a synonym to self-employment, being you’re own boss, and writing your owns paycheck.

It is when entrepreneurship offers young entrepreneurs the chance to work on their own pace and space, make their own schedule, control their hours, and set up their own workplace.

Entrepreneurship takes its roots from trading in prehistoric time’s called__________________.

Which of the following is not an advantage of being an entrepreneur?

It is a reproduction of an existing business down to the last details.

If personnel would rather squabble than agree with each other, then tension is likely to set in. In which type of entrepreneurial problem we can classify this scenario?

If an entrepreneur does not bother as much with the marketplace as with wares he or she is peddling, then he or she has a problem. In which type of entrepreneurial problem we can classify this scenario?

In business, costs sometimes exceed revenues, especially when entrepreneurs are just starting, when their promotional strategies are not effective, or when there is an economic crunch. In which type of entrepreneurial problem we can classify this scenario?

When the needed materials become scarce and the workers lack the necessary skills, it is inefficient in production, difficulties in the business begin to surface. In which type of entrepreneurial problem we can classify this scenario?

Rivals will always be around. Entrepreneurs should be able to identify their competitive advantage – their distinct edge over their competitors – to survive. In which type of entrepreneurial problem we can classify this scenario?

Even when they are incurring losses, business owners still have to pay rent, salaries, utilities, and debts. In which type of entrepreneurial problem we can classify this scenario?

They are individuals with natural talent or gifted individuals in a particular skill where they accidentally discover and need to be developed so that they can build his/her own business.

She/he is a person who sees the potential in a product or service and takes the risk of selling it.

Which is true about practitioner entrepreneur?

They are individuals who practice a learned profession and turned his profession into entrepreneurial activity.

Which of the following is a characteristic of a natural entrepreneur?

The following are characteristics of a natural entrepreneur EXCEPT?

It is a business which is rendering services to a customer.

The following are examples of service business EXCEPT?

Which of the following is an example of product business?

If you are determined to run your business, you concentrate on your work either as a producer or as a server. What entrepreneurial characteristic do you possess?

Entrepreneurial characteristic where entrepreneurs do their best to satisfy customers and to deliver what is promised. They accept full responsibility for problems when completing a job for customers.

These are external chances that can yield greater profits and sales for the business.

Characteristics of the business that gives its advantages and edge over the other in the same industry.

It refers to people who work together in the production of the product.