entrep

Cards (86)

  • Mentors should inspire the mentee: True
  • We can differentiate our business by following the standards of successful firms: False
  • The goal of channels of distribution is to move products from producer to final consumers
  • It is about an organization structure that can deliver the value planned; hence, the organizational structure can only be identified after the value proposition is formulated: Machinery
  • It is the relevant and unique benefit that the consumer gets from buying or owning the firm’s product or services: Value Proposition
  • It is the capacity of an entrepreneur to recover and make progress: Adversity Quotient
  • Nosiness exists with revenue generation but lack either revenue sources or productivity scale to be profitable. What series of investment is described? Series B
  • It is a type of mentor needed by entrepreneurs that guides on matters related to present operations, especially key factors for success that the firm should do exceptionally well: Operational
  • It is competencies were an entrepreneur is being proactive in taking prompt actions to attain objectives: Initiative
  • They are the experienced advisers who can add value to the entrepreneur by giving sound guidance to increase the competency, lessen the risks, and help open more opportunities for the entrepreneur to succeed: Mentors
  • If you want to build a sports theme gym, which of the following market segments would be most applicable to focus on? Age
  • Passion is enough to be an entrepreneur: False
  • The ultimate judge of quality is the entrepreneur: False
  • It refers to the ability of an innovator to engage constituents to make them understand and accept your message: Communication
  • It is about the systems and processes that allow the entrepreneur information and control: Methods
  • To improve a firm’s profit, the entrepreneur looks at maximizing cost his in the offering model while minimizing revenue in the operating model: False
  • It is the marketing function that helps sellers to provide information to buyers about the seller’s products is Promotion
  • Rene is going to put his business but his savings is not enough, he prepares a feasibility study based from his findings the business is very feasible, he approach a financial institution and presented his business proposal and the bank studied well and his proposal is granted. What is being described? Loans
  • It includes investment from relatives, friends and acquaintances: Partnership
  • It is building capabilities, knowing the self, the environment as well as the operations: Mastery
  • It is a type of mentor needed by entrepreneurs that guides on matters related to personal growth: Personal
  • It is the capacity of an entrepreneur to sense and to empathize: Emotional Quotient
  • It is a set of buyers that an entrepreneur focuses attention on: Market
  • Company is operating with both revenue and profit increasing. What series of investment is described? Series C
  • It is about beliefs that being an innopreneur is better than being just an entrepreneur: Mindset
  • Which of the following addresses the pain points of the consumer? What is being offered?
  • It is the rearrangement of resources, processes, activities and offerings that can help enhance the profit goal of the company: Configuration
  • It is competencies were entrepreneurs adjust to external changes while initiating internal changes to attain objectives: Adaptability
  • Ken is a manager for a local company. He has collected bids for several area trucking companies and is currently comparing them with the invoices of the company’s current trucking service to determine which one is the best transportation vendor for the company use. Ken is analyzing business date in relation to? Distribution
  • It is known as an owner of a business who invests his/her resources to bring idea to life, setting the direction that transforms that idea into reality, thus providing and gaining value that balances effort, purposes and profit: Entrepreneur
  • Teyo is a small business owner. Every year, he identifies potential problems that could harm his company and takes steps to prepare for them. In other words, Teyo conducts? A risk assessment
  • Which of the following provides trade credit to businesses? Investors
  • It is the strategic linkage of extended supply chain for the firm to provide specific products or services to the customers: Value Network
  • It is competencies were an entrepreneur is able to use personal branding and interpersonal styles to gain buy-in from constituents: Influence
  • It is the relationship as well as the solution that will be established with buyers and end users: Customer Bonding Strategy
  • Althea is a supervisor in a hotel, every time that she observes something to her staff she gives and receive feedback from peers or other team members in order to perform the task, What skills is being shown? Collaboration
  • It is the combination of abilities (technical skills like knowledge and expertise) and behavior (like people skills or motivational level): Competencies
  • Entrepreneurs must choose a specific group of people as their target market: True
  • It is having the grit to continue the business despite obstacles: Moving forward
  • It is a person who introduces a new process, product, services or a business model to the marketplace that becomes commercially successful: Innovator