GST204

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

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

3. _________trait is defined as stable qualities that a person shows in most situations

4. 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 ___________

5. Entrepreneurs within an organization is referred to as _______

6. A technological process is a means to make and improve products and ________

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

8. Illumination occurs when the idea surfaces as a realistic ________

9. Starting /creating a new business is a serious exercise that requires a lot of __________ and hard work

 An entrepreneur must have good human _____________

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

12. Which phase is the starting point for new ideas?

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

14. Risk Taking theory contends about one‘s willingness to accept ____.

15. Entrepreneur was first accorded prominence by _________

16. 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 _______

17. 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

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

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

20. Successful entrepreneurs are good at turning ideas into ____

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

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

23. _________ is the process of having a good idea of the resources that will be required to turn your idea into an opportunity.

24. A business owned, financed and managed by an individual is identified as _______

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

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

27. 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 _________

28. The word "Entrepreneur" is derived from the French verb 'entrepredre' which means' to ­­­­­­­­­­­­_____________

29. One of the followings is the Major Environmental Factors

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

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

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

33. 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 _________

34. Individuals with an internal locus of control believe that they are able to life events

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

36. 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

37. _______ theory of entrepreneurship identifies traits, motives and personalities as the major factors that infuse the entrepreneurial spirit in an individual

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

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

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

41. 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.

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

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

44. 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 _________

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

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

47. The economic theory of entrepreneurship is sub-divided into three namely; Classical theory, __________ and Austrian Market Process

48. A manager Scientist or researcher who works inside an existing organization and notices opportunities for product improvements etc is ______

49. Business idea arises from an opportunity in the _________

50. (ILO) mean ______________