Entrepreneurship
Describe Entrepreneurship.
Starting and running your own business
Explanation: Entrepreneurship involves creating, managing, and taking the risk of a new business venture.
What does it mean to be ethical in business?
Treating customers and employees fairly and honestly
Explanation: Being ethical in business means conducting activities with honesty, integrity, and fairness toward all stakeholders.
What does centralized finance refer to?
Financial transactions controlled by a single authority
Explanation: Centralized finance involves financial transactions that are controlled and regulated by a single authority, such as a government or a central bank.
What is share capital?
Money raised by a company through issuing shares
Explanation: Share capital refers to the funds raised by a company through the issuance of shares to shareholders.
How does Facebook primarily make money?
Advertising
What is a business plan?
A document outlining the goals and strategies of a business
Explanation: A business plan is a written document that outlines a business's objectives, strategies, target market, and financial forecasts.
Can you think of something important that starts with the letter "E" in PESTLE analysis, which helps people make smart decisions about starting a project or business?
The letter "E" stands for the environment, which includes things like nature, weather, and surroundings that can affect the project or business.
What is decentralized finance (DeFi) primarily focused on?
Providing financial services without intermediaries
Explanation: DeFi aims to provide financial services, such as lending, borrowing, and trading, without the need for traditional intermediaries like banks or financial institutions.
What typically occurs in the primary market?
New securities are issued and sold for the first time by companies or governments
Explanation: The primary market is where new securities, such as stocks and bonds, are issued and sold for the first time by companies or governments.
What is YouTube Premium?
An ad-free subscription with extra features
Explanation: This is a paid subscription service on YouTube that offers an ad-free experience, with additional features like downloading videos and accessing exclusive content.
What is the term used to describe the funds provided by investors to start a business?
Capital
Explanation: Capital refers to the funds provided by investors or owners to start or operate a business. It can include money, equipment, or property.
What is the process of creating and improving products called?
Product development
Explanation: Product development is designing, creating, and improving products or services to meet customer needs and preferences.
What does AI stand for?
Artificial Intelligence
Explanation: AI stands for Artificial Intelligence, which refers to the development of computer systems capable of performing tasks that typically require human intelligence, such as problem-solving and decision-making.
What distinguishes the secondary market?
Existing securities are bought and sold among investors
Explanation: The secondary market is where existing securities, such as stocks and bonds, are bought and sold among investors without the involvement of the issuing company.
How does Amazon contribute to the well-being of the communities it operates in?
Supporting local projects and charities
Explanation: Amazon takes care of its social responsibility by helping local projects and charities. It prioritizes the well-being of communities over focusing only on making profits.
Can you name one way successful entrepreneurs stay organized?
They make to-do lists and prioritize tasks to stay on track, which helps them manage their time efficiently and ensures that important deadlines are met.
What is the "Razor and Blade" business model?
The Razor and Blade business model involves selling a primary product (the "razor") at a low or even subsidized price, while making profits from sales of complementary products or services (the "blades"). Examples include printers sold cheaply with expensive ink cartridges.
What technology is used to record transactions in a secure and transparent manner in cryptocurrencies?
Blockchain
Explanation: Blockchain technology is used to record and verify transactions in a secure, transparent, and immutable manner in cryptocurrencies like Bitcoin and Ethereum.
What is market capitalization?
Market value of shares multiplied by outstanding shares
Explanation: Market capitalization is calculated by multiplying the current market price of a company's shares by the total number of outstanding shares. This provides an estimate of the total value of a company as perceived by investors in the stock market.
How did Netflix overcome the limitations of the slow internet to start streaming movies and TV shows?
By improving internet infrastructure over time (Correct Answer)
Explanation: Netflix began streaming when internet speeds improved, making it feasible to deliver high-quality content to users' devices.
What is the primary purpose of market research for entrepreneurs?
To understand customer needs and preferences
Explanation: Market research helps entrepreneurs understand their target market, identify customer needs, and develop products or services that meet those needs effectively.
What type of revenue model involves offering a basic product or service for free and charging a premium for additional features or services?
Freemium model
Explanation: In a freemium model, businesses offer a basic version of their product or service for free, with the option to upgrade to a premium version with additional features or services for a fee. This model aims to attract a large user base with the free version and convert a portion of them into paying customers for premium features.
How are transactions typically confirmed and added to the blockchain in most blockchain networks?
Through a consensus mechanism agreed upon by network participants
Explanation: Transactions in most blockchain networks are confirmed and added to the blockchain through a consensus mechanism, which involves network participants agreeing on the validity of transactions to achieve decentralized consensus.
hat is an important factor in investment analysis?
Financial statements analysis
Explanation: Investment analysis involves examining financial statements, market trends, and other factors to assess the potential risks and returns of investment opportunities.
What does the 'i' stand for in Apple product names like iPhone and iPad?
Innovation: The 'i' in Apple product names like iPhone and iPad stands for "Innovation." Apple has used the 'i' prefix to emphasize the innovative and groundbreaking nature of its products.