Page 69 - Demo

692.1 Entrepreneurial Ecosystems and Business ModellingSelf-check exercises1. What is the definition of entrepreneurship? The process of creating something new with value A knowledge-based discipline with no practical application Limited to starting a new business organisation The practice of controlling and managing existing businesses2. Which of the following is a benefit of entrepreneurship? Limited income potential Lack of personal growth and development opportunities Flexibility and work-life balance Dependence on others for decision-making3. What are the main phases of the entrepreneurial process? Analysis, planning, and implementation Orientation, decision-making, and action Exploration, evaluation, and expansion Initiation, development, and termination4. What is the role of key players in the entrepreneurial ecosystem? To restrict entrepreneurial activities To discourage innovation and collaboration YES NONO NONO NO YESNO NO YESNO YESNO NO