Entrepreneurship - SGM #2

Demographics are data that describe a group of people in terms of their what?

Income

Raw materials supplied by nature are called?

Natural Resources

Which of the following would be considered an indirect competitor of McDonald's?

Subway

Before they will consider financing a business, lenders require what?

a business plan

A long-term goal of a business might be to do what?

expand by adding a second location

The physical characteristics or capabilities of a product or service are called what?

features

Products you can see and touch called what?

goods

Which of the following is a retailing business?

grocery store

Which is considered a fixed costs of a business?

include monthly rent

How can Social Media Marketing benefit a business?

it is a good way for companies to increase exposure

A business is a sole proprietorship if what?

it is owned exclusively by one person

What is a product mix?

it is the different products and services that a business sells

A self-assessment is an evaluation of your what?

strengths and weaknesses

The customers you would most like to attract are referred to as your what?

target market

What is Newspaper advertising?

the oldest form of advertising in the United States

An advantage of entrepreneurship is that entrepreneurs can to what?

they can work in a field that interest them

Researchers have determined that successful entrepreneurs do what?

want to make their own decisions

Things that you think you must have in order to be satisfied are called what?

wants

Which of the following training techniques do employees receive feedback and instructions from their manager on a constant basis?

Coaching

Which is not the following is NOT a characteristic of a successful entrepreneur?

Dependence