Module 2 Flashcards

1
Q

What is a idea generation

A

It a process of creating, planning or communicating concrete ideas

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2
Q

What are the Needs based on Maslow’s Hierarchy Needs

A

1 Psychology Needs
2 security and safely
3 self actualization
4 socials Needs
5 self esteem and status

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3
Q

What are the creative methods used by an entrepreneur

A

1 🧠 brainstorming
2 Mind 🗺 mapping
3 Reserves Methods
4 Forced connections
5 Anology Methods
6 Attributes Methods

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4
Q

What are the merits[ Advantages] of an entrepreneur

A

1 full potential
2 hard work brings rewards
3 full control over destiny

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5
Q

What are the factors that could lead to failure

A

1 Economic Environment
2 Social Environment
3 Technology Environment
4 Political Environment

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6
Q

What is a buisness idea

A

It an idea that can be used to generate profits or money It the starting point of an entrepreneur venture

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7
Q

What is a business opportunity

A

An idea that has been researched and proven to be an ongoing income

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8
Q

What is creativity

A

It the ability to do something different and original

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