GST204

1. The Distinctive design, graphics, logo, symbols, words, or any combination thereof that uniquely identifies a firm and/or its goods or services, guarantees the item's genuineness, and gives it owner the legal rights to prevent the unauthorized use referred to _________

2. The entrepreneur may not necessarily be an 'inventor' but the one that can make a _____________

3. Difficulties Faced in Establishing an Entrepreneurial Culture include the followings except _________

4. An entrepreneur must have the competence and proficiency in the knowledge of the _________

5. The __________ theory of entrepreneurship embraces social culture as a driving force of entrepreneurship

6. The psychologist view sees an entrepreneur as someone who is being driven by certain forces that are mainly internal, personal attributes and ________

7. The establishment of any entrepreneurial Venture is risky and the entrepreneur has to assume ______

8. _______is a great source of information, ideas and often opportunity.

9. A business _________ involves sale or lease of any product, service, equipment, etc. that will enable the purchaser-licensee to begin a business

10. Which type of innovation is the reconfiguration of an established system to link together components and parts in a new way

11. The business environment is made up of the internal and the external environment and the main macro-environmental forces/factors found in the external environment and micro-environmental forces/factors/ in the internal environment of the _______

12. The term Entrepreneur seems to have been introduced into Economics by ______

13. Entrepreneurs within an organization is referred to as _______

14. _________  as an entrepreneur is someone who is being driven by certain forces that are mainly internal, personal attributes and traits

15. Entrepreneur and Entrepreneurship have been a point of interest to economics as early as ____________

16. Successful entrepreneurs are good at turning ideas into ____

17. An entrepreneur is a dynamic person who takes calculated _____

18. The mix of norms, values and beliefs that are shared by a particular community be it a business community, a cultural (or ethnic) community, a country, or a geographical region defined as _________

19. (ILO) mean ______________

20. ________ conceives the entrepreneur as the innovator who implements change within markets through the carrying out of new combinations such as introduction of new techniques of production, reorganization of an industry and innovation.

21. The ___________ theory of entrepreneurship considers the relationship between economic conditions and incentives to arrive at a risk-reward equation that informs a determination on whether or not to pursue a potential venture

22. The psychologist sees an Entrepreneur as someone who is being driven by certain forces that are mainly internal, personal attributes and _______

23. According to David Mc Clelland (1961), an entrepreneur is a dynamic person who takes calculated  ___________________

24. Sociologist’s view of entrepreneurship is inhibited by the social system, which denies opportunities for _________ facilities

25. Idea generation (ideation) is an emerging buzzword representing the creative process of generating, developing, and communicating new _________

26. An idea once illuminated in the mind of an individual still has little meaning until verified as realistic and _______

27. _________ activities are transactions with creditors or investors used to fund either company operations or expansions

28. Scanning the environment is better and safer method of assessing than jumping Into the_______

29. Entrepreneurial culture can be rooted in a society through 4 main avenues. According to ________

30. Business idea arises from an opportunity in the _________

31. The conceptual cornerstone in the theory of entrepreneurship lies on __________

32. A _______ business may be defined as any business in which two or more family members are involved and the majority of ownership or control lies within a family.

33. Passion and Motivation, Not Afraid to Take Risks, Self-belief, Hard Work and Disciplined Dedication, Adaptable and Flexible, Product and Market Knowledge, Strong Money Management, Effective Planning (Not Over-Planning) Skills, The Right Connections are the main characteristics of an ___________

34. Brainstorming. It helps in generating a large number of product _______

35. The position that individualism is related directly to innovation and entrepreneurship is not __________________

36. Entrepreneurship is inhibited by the social system, which denies opportunities for creative facilities for __________

37. Entrepreneur was first accorded prominence by _________

38. ______ are individuals who identify public problems and apply business acumen to resolve them.

39. Entrepreneurs come up with great ideas that lead to creativity and ___________

40. Individual with an external locus of control believe that life's _______ are the result of external factors, such as chance, luck or fate.

41. Socio economic value builds on the foundation of economic value creation by attempting to quantify and incorporate certain elements of _______

42. It is the responsibility of  ________ to assess the external environment of the business by critically looking at the opportunities and threats emanating from changes in the major external environmental factors

43. The value created by taking a resource or set of inputs, providing additional inputs or processes that increase the value of those inputs, and thereby generate a product or service that has greater market value at the next level of the value chain is referred to as _________

44. what helps in generating a large number of product ideas is __________

45. __________ defined the entrepreneur as someone who imagines, develops and realizes a vision

46. There are given situations where an Entrepreneur is not able to establish his or her own business and as such has to work in an

47. The entrepreneur needs to evaluate the strengths and weaknesses of the business __________

48. For most entrepreneurs, ideas begin with interest in a subject or curiosity about finding a solution to a particular _______

49. The functionality of an entrepreneur is based on some established _______

50. Which kind of innovation changes the core design of one or more components but does not change the entire product architecture