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Lesson 1 & 2 Recap Flashcards | StudBud

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Which of the following is an example of a service?

What is the primary goal of an entrepreneur?

Lesson 1 & 2 Recap

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Answers

1
What is the primary goal of an entrepreneur?
To retire early
To achieve work-life balance
To provide low-cost products to consumers
To create innovative solutions and opportunities
2
Which of the following is an example of a service?
Netflix
Clothing
Restaurant meal
a) Smartphone
3
Which of the following is an example of a good?
iOs or Android Application
Bicycle
Haircut
Consulting work
4
Who is the current CEO of Apple Inc.?
Mark Zuckerberg
Tim Cook
Sundar Pichai
Steve Jobs
5
Which of the following are part of the secondary sector of an industry?
Rubber
Uber
Metals
Cars
6
What does an entrepreneur do?
Manages the overall operations of a company
Provides customer support
Designs logos and marketing materials
Develops software applications
7
Choose the best answer: What is the purpose of a business?
To provide free products to customers
To provide employment opportunities
To support charitable causes
To provide goods and services and generate profit
8
What is entrepreneurship?
The process of starting and managing a business
The act of buying and selling goods
The practice of working as an employee in a corporation
The act of providing customer service
9
Which of the following is the main characteristic of an entrepreneur?
They work for someone else
They focus on marketing
They take risks and start their own businesses
They sell physical products