4 Written questions
3 Multiple choice questions
- is the use or application of entrepreneurship within an established firm.
- a person who values uncertainty in the marketplace and seeks to continuously identify opportunities with the potential to lead to important innovations.
- a process in which firms creatively discover and exploit opportunities that are outside their domestic markets in order to develop a competitive advantage.
3 True/False questions
Innovation → is the process of creating a commercial product from an invention.
Entrepreneurship → are individuals, acting independently or as part of an organization, who perceive an entrepreneurial opportunity and then take risks to develop an innovation to exploit it.
Strategic entrepreneurship → is the use or application of entrepreneurship within an established firm.