3 The word entrepreneur defined as the people who take action 2) (2 ) True False 4 Successful entrepreneurs always generate ideas and take action immediately (2 (2 ) True False Generating an idea is the final step of the entrepreneurial process (2 (2 ) True False 6 Prior experience helps the entrepreneur to generate successful ideas (2) True False 7 GEM stands for Global Entrepreneurship Monitor (2) True False 8 Explain the given diagram in your OWN WORDS (5 ) Passion for the business Produc/customer focus Successful entrepreneur Tenacity despite failure Execution intelligence