Assignment Sheet
Student Name: Noor Hatem Hassan I.D: 2022/06987
Sheet No. 2
Types of Entrepreneurships
I- Answer the following Questions
1. What are the main types of business activities?
• Merchandising (Trading)
• Services.
• Operating.
• Investing.
• Financing
2. What are the eight reasons for small businesses failure?
1-Lack of experience
2-Poor financial control
3-Poor leadership
4-Going too fast
5-Lack of expertise
6-Ethical failure
7-Bad or no strategy
8-Insuffcient commitment
3. What are the Key Characteristics of a Start-up?
1-Have A Vision
2- Low Customer Acquisition Cost
3- Strong and Inclusive Company
Culture
4- Product Distribution is Simple
and Inexpensive
5- High Customer Retention Rat
II- Select the most appropriate answer
1- Why is it important for entrepreneurs to talk with industry experts when developing
new business concepts?
A. The industry experts usually improve your management skills.
B. The industry experts typically provide useful information.
C. The industry experts commonly enhance your confidence.
D. The industry experts frequently offer financial support.
2- Determine if the following statement is true or false: When developing an exit strategy
for an entrepreneurial venture, the most important consideration is finding a suitable
buyer.
A. False, there are many factors to consider, such as company valuation and personal
goals.
B. True, if the buyer is inexperienced, the business risks monetary losses and long-term
failure.
C. False, the most important factor that an entrepreneur should consider is profitability.
D. True, the valuation of a business is dependent on the buyer's financial resources.
3- Which of the following frameworks is associated with start-up entrepreneurship,
especially in the phase of solution architecture, to a greater degree?
A. Product B. Manufacturing process
C. Government D. Design thinking
4- Which one of the following may not be a factor behind starting a business?
A. routine workload B. size of the firm
C. finance D. location of the business
5- If someone starts a new business that is a service station, this is an example of a(n):
A. new concept/new business. B. new concept/existing business
C. existing concept/new business. D. existing concept/existing business.
6- Which of the following shows the process of creating something new?
A. Business model B. Modelling
C. Creative flexibility D. Innovation
7- Which of these is not a type of entrepreneurship?
A. Small business entrepreneurship B. Scalable start-up entrepreneurship
C. Large scale entrepreneurship D. Intrapreneurship
8- What attributes might make someone more likely to become a successful
entrepreneur?
A. The need for achievement and a high tolerance for ambiguity
B. Willingness to bear risk and Self-efficacy
C. Internal locus of control
D. All the mentioned
9- As an entrepreneur, you should be _____
A. Creative B. Hard Working
C. Decision Maker D. All of the given options
10- Success of entrepreneur depends on ______
A. Hard Work B. Good Idea
C. Both given options D. None of the given options
11- An infrastructure that helps entrepreneurs in their early stage of the start-up life
cycle with plug and play facilities and other common services is called:
A. Incubator B. Accelerator
C. Angel investment platform D. Venture capital platform
12- Which of the following is the reason for business failure __________.
A. Lack of market research. B. Poor financial control.
C. Poor management. D. All the mentioned.
13- Which of the following factors has allowed small companies to act like they are big
ones?
A. Customers B. Competition C. Economic development D. Technology
14- What are small and medium sized enterprises (SMEs)?
A. SMEs are firms with less-than 250 employees in most country.
B. SMEs are firms with Amount of Capital 5 million Egyptian pounds.
C. SMEs are firms with less-than 200 employees in Egypt.
D. All the mentioned.
15- Why is it more likely that a small firm is “born regional”?
A. Small and young ventures may be able to acquire information about local customer’s
preference and/or local business practices more easily in nearby countries, and to adapt
their products and services more easily to meet the specific needs of local customers in
the same home region.
B. Given their limited resources small firms can be expected to reduce risk by selecting
nearby countries in their home region as the final destination of their
internationalization strategy from inception.
C. The resources and capabilities internalized within firm boundaries can be exploited
more easily in similar institutional contexts within regions than across different regions
D. All the mentioned.
16- Which one of the following is an advantage of the small firm in the innovation
process?
A. Ability of the entrepreneur to carry out multiple tasks
B. Ability to raise finance.
C. Ability to carry out R&D
D. Ability of the entrepreneur to act on new ideas or product development.
III- Select True or False Statement
No. Statement True False
The small business ‘owner-manager’ is always the founder of the true
1
business.
2 Small business entrepreneurs should keep an eye on the competition. true
3 You don't need a great idea or plan false
4 You need an office to get started false
5 Grow your startup before you grow your brand true
6 Focus on product-market fit true
Innovation is the process of creating and developing an entirely new true
7
idea from scratch.
8 Entrepreneurs can create jobs in the market. true
Entrepreneurs identify a need in the market and build a product or true
9
service for it.
Creating a business plan will allow you to have a road map that you true
10
can reference in the years to come.
The best method to simplify the hiring process is to hire your friends true
11
and relatives for your startup.
In social entrepreneurial return is measured by both financial return true
12
social value and public good
13 A social enterprise operates as a business. true
14 A social enterprise is driven to maximize profits for shareholders. true
