Question 1

According to the text many researchers have investigated...(fill in the blanks below).
The idea that economic activity based on ______ clusters of smaller firms could be more ______ and flexible than either conventional ______ or large ______ corporations (e.g. Piore and Sabel 1984).

Accepted Answer

The answer of According to the text many researchers have...

Question 2

Match these types of innovation with their descriptions (based on Francis and Bessant 2005).
-Component innovation.

Accepted Answer

A)  The way they are introduced to market 
B)  Product/service offered 
C)  Improvement to a part of product/service 
D)  Underlying business models

Question 3

Match these types of innovation with their descriptions (based on Francis and Bessant 2005).
-Position innovation.

Accepted Answer

A)  The way they are introduced to market 
B)  Product/service offered 
C)  Improvement to a part of product/service 
D)  Underlying business models

Question 4

Match these approaches to marketing with their descriptions.
-Use of developments in psychology and the social sciences to develop new ways of analysing and exploiting different consumer preferences and behaviours.

Accepted Answer

A)  New marketing approaches 
B)  Mainstream marketing approaches

Question 5

What is a social enterprise?

Accepted Answer

The answer of What is a social enterprise?...

Question 6

Match the type of knowledge with the relevant examples.
-Social science knowledge with practical implications for entrepreneurship.

Accepted Answer

A)  The founders of a new social enterprise know about the needs of young disabled people in their city. 
B)  The owner-manager of an established internet service provider knows which providers of venture finance to approach in order to grow her business. 
C)  Economists identify a correlation between research and development spill-overs and economic growth in two countries. 
D)  Organizational researchers show how entrepreneurs can use social networks more effectively.

Question 7

Link the following entrepreneurial marketing techniques to the cases that illustrate their use.
-Co-creation of customer value.

Accepted Answer

A)  Adnan Awan 
B)  Victoria Tomlinson 
C)  Tim Lockett 
D)  Steve Woodford

Question 8

Match the following stages of the Tuckman model to the typical communication patterns within the entrepreneurial team.
-Performing.

Accepted Answer

A)  Fairly open and multilateral exchanges as people seek an initial indication of each others' capabilities and potential roles. 
B)  Greater attention to feedback as team leaders confirm consent and establish roles. 
C)  Strong bilateral, persuasive communication as members exchange arguments. 
D)  Bilateral exchanges between team members engaged in delegated roles, with some multilateral communication to ensure activities are co-ordinated.

Question 9

What did Van Stel and Storey find from their study of UK enterprise policy?
'The lessons from the present paper are that public policies to raise the formation of new firms, particularly in areas, are likely to be ______ at best and ______ at worst'.

Accepted Answer

The answer of What did Van Stel and Storey find...

Question 10

Match the following terms to their definitions.
-Liabilities.

Accepted Answer

A)  The difference between total assets and total liabilities 
B)  Sum of creditors, accrued liabilities and tax owed 
C)  The value of the company's worth 
D)  The amount a company owes to other entities

Question 11

Match the type of knowledge with the relevant examples.
-Practical knowledge of the entrepreneur.

Accepted Answer

A)  The founders of a new social enterprise know about the needs of young disabled people in their city. 
B)  The owner-manager of an established internet service provider knows which providers of venture finance to approach in order to grow her business. 
C)  Economists identify a correlation between research and development spill-overs and economic growth in two countries. 
D)  Organizational researchers show how entrepreneurs can use social networks more effectively.

Question 12

Complete the following sentence by choosing the appropriate phrase for each gap.
In much of the work adopting a ______ perspective, there is a largely ______ approach to entrepreneurship.

Accepted Answer

The answer of Complete the following sentence by choosing the...

Question 13

Fill in the missing words for this discussion of key performance indicators.
In addition to the normal ______ produced as part of the management or statutory accounts there is other ______ information, which can give an ______ of how well (or not) an organization is ______.

Accepted Answer

The answer of Fill in the missing words for this...

Question 14

Match the following team roles to their primary contribution.
-Team Worker.

Accepted Answer

A)  Initiates, provides leadership and drives team towards achieving task. 
B)  Maintains a check on outcomes in relation to project milestones and deadlines. 
C)  Organizes, co-ordinates and seeks to retain teams focus and involvement. 
D)  Encourages other members, fosters team morale and reduces negative emotions.

Question 15

Match the following elements of a business plan with their descriptions.
-Executive summary.

Accepted Answer

A)  Sets out practical aspects of the venture including key processes, information systems, assets (e.g. premises, technologies), and controls. 
B)  Sets out what venture aims to provide, why there is a demand and who is involved in the process (e.g. customers, suppliers, partners). 
C)  Outlines the key features of the venture and may highlight relevant points such as funding required, growth potential and returns for investors. 
D)  Analyses potential market and competition, summarizes marketing mix and explains how products and services will be promoted.

Question 16

Match the following stages of the Tuckman model to the relevant outline of activity in a new venture.
-Performing.

Accepted Answer

A)  Efforts to resolve differences; venture team reaches agreement over task and process issues. 
B)  Disagreements emerge over both task and process issues; some internal conflict and hostility. 
C)  Individuals meet, initial attempts at team composition, establishing aims of venture (i.e. task) and ways of working (i.e. process). 
D)  Team concentrates on achieving its common purpose, while maintaining process dimension.

Question 17

Complete the following insight offered by Simon Parker:
'In essence, the ______ of entrepreneurship analyses how economic ______ influence entrepreneurial behaviour, and how ______ In turn affects the broader economy.'

Accepted Answer

The answer of Complete the following insight offered by Simon...

Question 18

Match these approaches to marketing with their descriptions.
-You work together with customers to create ideas, communities, events and lifestyles.

Accepted Answer

A)  New marketing approaches 
B)  Mainstream marketing approaches

Question 19

Complete the following sentence by choosing the appropriate phrase for each gap.
In the late 20th century, a powerful coalition of economists and political scientists, sometimes referred to as the 'New Right', developed a series of ______ initiatives to create more ______ economies based on a ______ model.

Accepted Answer

The answer of Complete the following sentence by choosing the...

Question 20

Link the following entrepreneurial marketing techniques to the cases that illustrate their use.
-Establishing personal credibility.

Accepted Answer

A)  Adnan Awan 
B)  Victoria Tomlinson 
C)  Tim Lockett 
D)  Steve Woodford

Exam 1: Exploring Entrepreneurship

According to the text many researchers have investigated...(fill in the blanks below). The idea that economic activity based on clusters of smaller firms could be more and flexible than either conventional or large corporations (e.g. Piore and Sabel 1984).

Match these types of innovation with their descriptions (based on Francis and Bessant 2005) . -Component innovation.

Match these types of innovation with their descriptions (based on Francis and Bessant 2005) . -Position innovation.

Match these approaches to marketing with their descriptions. -Use of developments in psychology and the social sciences to develop new ways of analysing and exploiting different consumer preferences and behaviours.

What is a social enterprise?

Match the type of knowledge with the relevant examples. -Social science knowledge with practical implications for entrepreneurship.

Link the following entrepreneurial marketing techniques to the cases that illustrate their use. -Co-creation of customer value.

Match the following stages of the Tuckman model to the typical communication patterns within the entrepreneurial team. -Performing.

What did Van Stel and Storey find from their study of UK enterprise policy? 'The lessons from the present paper are that public policies to raise the formation of new firms, particularly in areas, are likely to be at best and at worst'.

Match the following terms to their definitions. -Liabilities.

Match the type of knowledge with the relevant examples. -Practical knowledge of the entrepreneur.

Complete the following sentence by choosing the appropriate phrase for each gap. In much of the work adopting a perspective, there is a largely approach to entrepreneurship.

Fill in the missing words for this discussion of key performance indicators. In addition to the normal produced as part of the management or statutory accounts there is other information, which can give an of how well (or not) an organization is .

Match the following team roles to their primary contribution. -Team Worker.

Match the following elements of a business plan with their descriptions. -Executive summary.

Match the following stages of the Tuckman model to the relevant outline of activity in a new venture. -Performing.

Complete the following insight offered by Simon Parker: 'In essence, the of entrepreneurship analyses how economic influence entrepreneurial behaviour, and how __ In turn affects the broader economy.'

Match these approaches to marketing with their descriptions. -You work together with customers to create ideas, communities, events and lifestyles.

Complete the following sentence by choosing the appropriate phrase for each gap. In the late 20th century, a powerful coalition of economists and political scientists, sometimes referred to as the 'New Right', developed a series of initiatives to create more economies based on a __ model.

Link the following entrepreneurial marketing techniques to the cases that illustrate their use. -Establishing personal credibility.

Exam 1: Exploring Entrepreneurship

According to the text many researchers have investigated...(fill in the blanks below). The idea that economic activity based on ______ clusters of smaller firms could be more ______ and flexible than either conventional ______ or large ______ corporations (e.g. Piore and Sabel 1984).

Match these types of innovation with their descriptions (based on Francis and Bessant 2005) . -Component innovation.

Match these types of innovation with their descriptions (based on Francis and Bessant 2005) . -Position innovation.

Match these approaches to marketing with their descriptions. -Use of developments in psychology and the social sciences to develop new ways of analysing and exploiting different consumer preferences and behaviours.

What is a social enterprise?

Match the type of knowledge with the relevant examples. -Social science knowledge with practical implications for entrepreneurship.

Link the following entrepreneurial marketing techniques to the cases that illustrate their use. -Co-creation of customer value.

Match the following stages of the Tuckman model to the typical communication patterns within the entrepreneurial team. -Performing.

What did Van Stel and Storey find from their study of UK enterprise policy? 'The lessons from the present paper are that public policies to raise the formation of new firms, particularly in areas, are likely to be ______ at best and ______ at worst'.

Match the following terms to their definitions. -Liabilities.

Match the type of knowledge with the relevant examples. -Practical knowledge of the entrepreneur.

Complete the following sentence by choosing the appropriate phrase for each gap. In much of the work adopting a ______ perspective, there is a largely ______ approach to entrepreneurship.

Fill in the missing words for this discussion of key performance indicators. In addition to the normal ______ produced as part of the management or statutory accounts there is other ______ information, which can give an ______ of how well (or not) an organization is ______.

Match the following team roles to their primary contribution. -Team Worker.

Match the following elements of a business plan with their descriptions. -Executive summary.

Match the following stages of the Tuckman model to the relevant outline of activity in a new venture. -Performing.

Complete the following insight offered by Simon Parker: 'In essence, the ______ of entrepreneurship analyses how economic ______ influence entrepreneurial behaviour, and how ______ In turn affects the broader economy.'

Match these approaches to marketing with their descriptions. -You work together with customers to create ideas, communities, events and lifestyles.

Link the following entrepreneurial marketing techniques to the cases that illustrate their use. -Establishing personal credibility.

According to the text many researchers have investigated...(fill in the blanks below). The idea that economic activity based on clusters of smaller firms could be more and flexible than either conventional or large corporations (e.g. Piore and Sabel 1984).

What did Van Stel and Storey find from their study of UK enterprise policy? 'The lessons from the present paper are that public policies to raise the formation of new firms, particularly in areas, are likely to be at best and at worst'.

Complete the following sentence by choosing the appropriate phrase for each gap. In much of the work adopting a perspective, there is a largely approach to entrepreneurship.

Fill in the missing words for this discussion of key performance indicators. In addition to the normal produced as part of the management or statutory accounts there is other information, which can give an of how well (or not) an organization is .

Complete the following insight offered by Simon Parker: 'In essence, the of entrepreneurship analyses how economic influence entrepreneurial behaviour, and how __ In turn affects the broader economy.'