Unit Review: Entrepreneurship
Why is it important to conduct market research on your target audience before building your marketing plan?
To consider who your customers are before deciding on marketing...
What would be an example of a NEED
a warm winter coat
What is the main purpose of developing a business pitch?
Briefly share the most important info about the business in an eng...
Which of the following is a start-up expense for Maria's food truck?
Kitchen appliances and other equipment needed to conduct her b...
What are taxes
Mandatory payments you make to state and local governments
what is not a true statements about business plans
they should never be revised
What is the main difference between a personal characteristic and a skill?
Skills are learned/developed; pers. characteristics are qualities you
What are the four parts of a SWOT analysis
Strengths, Weaknesses, Opportunities, Threats
Which statement is the best description of a Value Proposition?
The features and benefits that make the product or business uniq...
what is a variable expense
an expense that typically change from month to month
what is a fixed expense
an expense that typically does not change from month to month
What is a variable expense
groceries
what is not true about an entrepreneur
her salary is bases on her ability to complete the tasks assigned to
What is an example of tax
medicare
what is income
money you earn, usually from working at a job
what is true about a start-up capital
money you invest to get your business up and running
an example of an asset is
money, time and a car (all of the above)
what would be an example of a WANT
movie tickets
what are federal taxes
payments you make to the US federal government
What is a fixed expense
rental payment
What is an example of a tax you must pay
social security
In a balanced budget the amount you_________ is ________ the amount you earn
spend; equal to
