Entrepreneurship in Computer Hardware and GSM Repairs

Question 1

What is the primary goal of entrepreneurship when identifying a business opportunity and organizing resources?

Accepted Answer

Making a profit

Question 2

What distinguishes an entrepreneur in computer repairs from a technician who is simply an employee?

Accepted Answer

The entrepreneur establishes an independent workshop, bears financial risks, and manages operations

Question 3

How does entrepreneurship in computer and GSM repairs directly help reduce youth unemployment rates in Nigeria?

Accepted Answer

By creating jobs for technicians, apprentices, and administrative staff

Question 4

How do repair entrepreneurs contribute to environmental sustainability?

Accepted Answer

By extending the lifespan of devices, which reduces electronic waste (e-waste)

Question 5

Why are repair services considered a cost-effective alternative for individuals and small businesses?

Accepted Answer

They restore faulty devices to working condition at a lower cost than buying new ones

Question 6

How do repair entrepreneurs help spread technical literacy across local communities?

Accepted Answer

By taking on apprentices and teaching them practical technical and business skills

Question 7

Why must a successful repair entrepreneur engage in continuous learning?

Accepted Answer

To keep up with rapidly evolving technology, new device models, and operating systems

Question 8

Which of the following is an example of risk-taking for a repair entrepreneur?

Accepted Answer

Investing capital in diagnostic equipment and rent without guaranteed immediate returns

Question 9

Why are discipline and persistence critical when diagnosing hardware faults?

Accepted Answer

Finding solutions to complex, frustrating hardware faults can be highly time-consuming

Question 10

Why is high integrity especially critical for a technician repairing personal GSM devices?

Accepted Answer

To protect customer privacy and sensitive data on the devices

Question 11

Why is the computer and GSM repair industry highly resilient during economic downturns?

Accepted Answer

Consumers prefer repairing existing devices over purchasing expensive new ones

Question 12

What makes starting a basic computer and GSM repair business highly accessible compared to manufacturing?

Accepted Answer

It can be started with relatively low capital, basic diagnostic tools, and a small workspace

Question 13

What is the first step in the procedure for identifying a repair business opportunity in a community?

Accepted Answer

Conduct a community survey to observe commonly used devices

Question 14

Why should an aspiring repair entrepreneur analyze existing competitors in their target area?

Accepted Answer

To identify gaps in pricing, service quality, or weaknesses that can be filled

Question 15

Which major market in Lagos is a well-known hub for sourcing computer and GSM spare parts?

Accepted Answer

Computer Village

Question 16

How does an entrepreneur match community needs with personal technical capabilities?

Accepted Answer

By evaluating personal skill levels and acquiring advanced skills if a local gap exists

Question 17

Which of the following is a key factor when selecting a strategic location for a repair workshop?

Accepted Answer

Selecting a secure, visible area close to schools, offices, or busy commercial centers

Question 18

What does a professional computer and GSM repair workshop combine to ensure business success?

Accepted Answer

Technical repair services with professional business operations

Question 19

How do repair entrepreneurs support other local businesses in a modern economy?

Accepted Answer

By providing prompt repair services that minimize business downtime

Question 20

Why must a successful repair entrepreneur possess strong financial management skills?

Accepted Answer

To keep accurate records of income, expenses, and inventory to ensure the business remains solvent

Strong work.