Related Questions
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4
What is the term for a legal form of business in which there is one owner who has unlimited personal liability?
D. Limited liability company (LLC)
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4
What is the term for the process of selling a product or service to a foreign market?
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4
What is the term for a detailed plan that outlines a company's goals and the strategy for achieving them?
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4
Which type of entrepreneurship is focused on creating social or environmental impact rather than purely financial profit?
A. Social entrepreneurship
B. Corporate entrepreneurship
C. Serial entrepreneurship
D. Lifestyle entrepreneurship
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4
Which stage of the entrepreneurial process involves turning an idea into a tangible product or service?
A. Opportunity recognition
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4
What is a SWOT analysis used for in entrepreneurship?
A. Evaluating internal and external factors influencing a business
B. Identifying potential customers
C. Calculating financial projections
D. Assessing employee performance
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4
What is the process of generating, developing, and communicating new ideas for business development called?
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4
What is the term for the process of identifying potential customers and tailoring marketing efforts to reach them?
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4
Which of the following is NOT a common method of market entry for international expansion?
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4
What type of innovation involves making incremental improvements to existing products or processes?
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4
Which of the following is a common form of intellectual property protection for inventions and innovations?
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4
What does MVP stand for in the context of startups?
B. Minimum Viable Product
D. Minimum Valuable Player
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4
What is the term for a legal protection granted to authors, artists, and inventors for their creations?
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4
Which of the following is an example of a non-profit organization that engages in entrepreneurial activities to achieve social or environmental goals?
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4
Which legal form of business provides the most personal liability protection for its owners?
C. Limited liability company (LLC)
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4
Which type of innovation involves making significant improvements to existing products or processes?
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4
What is the term for a group of individuals who work together to develop and launch a business venture?
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4
Which of the following is NOT a stage in the product development process?
A. Conceptualization and ideation
D. Post-launch evaluation
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4
What is the term for the process of gathering information about potential customers and their preferences?
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4
What is the term for the process of studying and analyzing the external environment to identify business opportunities and threats?
B. Environmental scanning
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4
What is the term for a document that outlines a company's mission, vision, goals, and strategies?
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4
What is the term for a legally recognized entity that separates the personal assets of the owners from the business assets?
C. Limited liability company (LLC)
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4
What is a cash flow statement used for in business finance?
A. Tracking money spent on marketing
B. Analyzing the movement of money in and out of a business
C. Calculating the net worth of a business
D. Estimating future sales revenue
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4
What is the term for the process of determining the price at which a product or service will be sold to customers?
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4
What is the term for the process of finding, attracting, and hiring new employees for a business?
D. Human resources management
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4
Which type of entrepreneurship involves creating and operating a business primarily for the lifestyle benefits it provides to the owner?
A. Serial entrepreneurship
B. Social entrepreneurship
C. Lifestyle entrepreneurship
D. Corporate entrepreneurship
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4
What is the term for the initial phase of a business where the entrepreneur tests the feasibility of their business idea?
D. Proof of concept phase
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4
What is the term for a legal document that outlines the rights and responsibilities of partners in a business venture?
C. Memorandum of understanding (MOU)
D. Articles of incorporation
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4
What is the term for the process of seeking and obtaining financial backing for a business venture?
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4
What is the term for the process of bringing a product or service to market faster than competitors?