What is the term for the process of bringing together people, capital, and resources to start and run a business?
Incubation
Formation
Entrepreneurship
Aggregation
Correct Answer :
C. Entrepreneurship
Related Questions
Which type of entrepreneurship involves creating and operating a business primarily for the lifestyle benefits it provides to the owner?
Serial entrepreneurship
Social entrepreneurship
Lifestyle entrepreneurship
Corporate entrepreneurship
What is the term for a legal document that outlines the rights and responsibilities of partners in a business venture?
Business plan
Partnership agreement
Memorandum of understanding (MOU)
Articles of incorporation
What is the term for the process of bringing together people, capital, and resources to start and run a business?
Incubation
Formation
Entrepreneurship
Aggregation
Which of the following is NOT a common characteristic of an entrepreneurial mindset?
Risk aversion
Creativity
Resilience
Adaptability
What is the term for a legal protection granted to authors, artists, and inventors for their creations?
Patent
Copyright
Trademark
Trade secret
Which of the following is NOT a common source of funding for startups?
Venture capital
Crowdfunding
Taxation
Angel investors
Which of the following is an example of a microenterprise?
A multinational corporation
A small family-owned bakery
A government agency
A non-profit organization
What is the term for a group of individuals who work together to develop and launch a business venture?
Syndicate
Cooperative
Consortium
Team
What is the primary characteristic of an entrepreneur?
Risk aversion
Innovation and risk-taking
Following established norms
Avoiding challenges
What is the term for the process of introducing a new product or service to the market?
Market entry
Product launch
Market expansion
Market penetration
What is the term for a legal form of business in which there is one owner who has unlimited personal liability?
Corporation
Partnership
Sole proprietorship
Limited liability company (LLC)
What is the term for the process of seeking and obtaining financial backing for a business venture?
Funding procurement
Capital acquisition
Financing
Fundraising
What is the term for the process of selling a product or service to a foreign market?
Exporting
Outsourcing
Importing
Domestication
Which type of innovation involves making significant improvements to existing products or processes?
Disruptive
Incremental
Breakthrough
Radical
What is the term for the process of bringing a product or service to market faster than competitors?
First-mover advantage
Rapid prototyping
Agile development
Market segmentation
Which of the following is a common form of intellectual property protection for inventions and innovations?
Trademark
Copyright
Patent
Trade secret
What is the term for a legally recognized entity that separates the personal assets of the owners from the business assets?
Sole proprietorship
Partnership
Limited liability company (LLC)
Corporation
What is the term for the process of determining the worth of a business or an asset?
Valuation
Appraisal
Pricing
Estimation
What type of innovation involves creating entirely new products or processes that disrupt existing markets?
Incremental
Disruptive
Breakthrough
Radical
Which of the following is NOT a key characteristic of a successful entrepreneur?
Perseverance
Creativity
Risk aversion
Adaptability
What is the term for a legal form of business where the owner has limited liability?
Sole proprietorship
Partnership
Corporation
Limited liability partnership
What is the term for the total market value of all goods and services produced by a country in a given period?
Gross Domestic Product (GDP)
Net Profit Margin
Return on Investment (ROI)
Cost of Goods Sold (COGS)
What term is used to describe the process of identifying, assessing, and developing a business idea into a viable business?
Business development
Idea refinement
Business planning
Opportunity recognition
What is the term for the process of finding, attracting, and hiring new employees for a business?
Recruitment
Training
Onboarding
Human resources management
What type of entrepreneur is characterized by starting multiple businesses over their career?
Serial entrepreneur
Social entrepreneur
Lifestyle entrepreneur
Corporate entrepreneur
What is a unique selling proposition (USP) in marketing?
A strategy for selling products at a higher price
A distinctive feature or benefit that sets a product apart from competitors
The process of selling products to unique customer segments
A pricing strategy for premium products
What is the term for a person who starts and manages a business with the aim of making a profit?
Investor
Entrepreneur
Innovator
Executive
Which type of entrepreneurship is focused on creating social or environmental impact rather than purely financial profit?
Social entrepreneurship
Corporate entrepreneurship
Serial entrepreneurship
Lifestyle entrepreneurship
What is the term for a detailed plan that outlines a company's goals and the strategy for achieving them?
Business model
Marketing plan
Business plan
Financial statement
What is a SWOT analysis used for in entrepreneurship?
Evaluating internal and external factors influencing a business
Identifying potential customers
Calculating financial projections
Assessing employee performance