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Recent Trends in Entrepreneurship Flashcards | StudBud
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Recent Trends in Entrepreneurship
Recent Trends in Entrepreneurship
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1
What helps the business provide quality products and services with consistency?
Automation and Skilled Employees
Reducing the quantity of goods being sold
Providing employment to as many people as possible
Hiring the local people
2
Digital Nomads work remotely.
True
False
3
Most subscription businesses charge either _______&______:
None of the Above
Monthly or yearly
10 days & one month
Weekly & 2 Weeks
4
A customer remains loyal when a brand aligns with their values.
True
False
5
Diversification is one of the four different ____ strategies popularised by Igor Ansoff.
Years
Penetration
Vertical
Growth
6
Which strategy is used to grow and make your products and services accessible to more customers?
Digital Nomad
Subscription Model
Diversification
Business Collaboration
7
With which business model does a customer pay to use services for a specific period of time ?
Pay for single use model
Time period model
Subscription based model
Scheduled model
8
The Covid 19 pandemic forced businesses to ___
Prosper
Digitalize and Automate
Expand
Contract
9
Content that is once used on one channel or social site cannot be used again.
True
False
10
Exchanging insights, building networks with other business persons is possible through which communities ?
Social Media Communities
Business Groups
Intrapreneurship
Entrepreneurs Communities
11
Authenticity of a brand is appreciated by customers in the long run.
False
True
12
Celebrity endorsements help audience engage with your brand on a personal level.
False
True
13
What is the disadvantage of customizing or personalizing every product from the entrepreneurs point of view ?
Consumes a lot of time, energy and resources
Increase in Price of product
Increased customer loyalty
Satisfied customers
14
In which type of diversification a firm adds to its business a completely unrelated or different line of products ?
Horizontal Diversification
Concentric Diversification
Vertical Diversification
Conglomerate Diversification
15
The pandemic has resulted in many firms embracing flexible working locations to ___
Allow employees to work from comfort of their homes
Have flexible work hours
Cut infrastructure cost
Motivate employees
16
Telecommunications technologies are used by _________.
Stock Managers
Teachers
Programmers
Digital Nomads
17
Today's consumers look for Green Entrepreneurship practices which is a trend derived from the value of ___ .
Reliability
Compassion
Sustainability
Capitalism
