Business Cards
Which of the following businesses is the best example of an entrepreneurial venture?
A veterinarian invents and sells a device
How do new Products help a business succeed? Stay Ahead of the competitors, Respond to changing markets needs/wants, Replace and improve old products All of the Above.
All of the Above
Which company do people trust the most ?
Amazon
Which IS NOT a way to implement idea generation methods?
Attribute Listing
Which is an Idea- Generating techniques ?
Brainstorming
Your number one priority when starting a business is?
Building a strong team
Harvesting
Deciding when and how the entrepreneur will exist the business
The Entrepreneurial process is done in which order?
Discovery, Development, Resourcing, Actualization, Harvesting
Discovery
Entrepreneurs identify potential business opportunities and evaluate those ideas for competitive advantage, feasibility, and profitability.
Development
Entrepreneurs plan there business goals and determining the amount if capital needed to launch the enterprise
Resourcing
Entrepreneurs seek out investors, employees, capital resources, and any items that will be used to produce their businesses goods and services
Methods of Self Assessing your entrepreneurial potential include all EXCEPT ?
Go To College
Product innovation is significant improvements to existing ?
Goods and services
Product Ideas comes from many places, which of these is not somewhere product ideas are generated
Investors
Types of Business Ownership include all EXCEPT
Investors
Pitfalls of product opportunities include all EXCEPT ?
Lack of Funding
All are example of Risk Business of Ownership EXCEPT Financial Loss, Solely Responsible for all Work, Uncertain income, Lower Credit Score?
Lower Credit Score
One way to identify product opportunities is..
Market Gaps
All are examples of Benefits of Business Ownership EXCEPT ?
No Taxes
Which is the not the responsibility of a small business owner?
Obtain Funds
Actualization
Occurs when the business is launched and begins to operate
What affects entrepreneurial potential?
Personality of an entrepreneur
Which is a factor that DOES NOT impact Entrepreneurship?
Science
Which is not a characteristic of Entrepreneurship?
Sell products from large companies
It is difficult to think " " when something has been done the same way for a long time
Think outside the book
AN entrepreneur is someone who receives personal and financial reward for his/her efforts? (True or False)
True
Businesses can receive tax breaks from donating customers money to charity? (True or False)
True
New Products are the Lifeblood of Business
True
What are good traits/skills of successful entrepreneurs?
Willing to take risks
Process innovation is The Creation of new or significantly improved
production/delivery methods
Entrepreneurship is the development of an economic enterprise with available resources to create
value or wealth