Junior Secondary · 8-9 · Career Education

Entrepreneurship Basics

40 practice questions available.

What do we call a person who starts and runs their own business, taking on financial risk to pursue an opportunity?

An entrepreneur

What is a business idea or value proposition?

The core problem a business solves or the value it offers to customers

What do we call money invested in a new business, often from the founder's own savings or outside investors?

Startup capital (funding)

What is market research?

Gathering information about potential customers and competitors before starting or growing a business

Name one risk of starting your own business.

Financial loss, long hours, or uncertain income (any reasonable answer)

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