Entrepreneurship Small Business Exam #1(Ch.5)

Part-time entrepreneurs typically want a ___ cost to start the firm.

low

Sponsored link

A form of paid advertising that gets your company's website at the top of a search list.

Consumers

A private individual or household that is the end-user of a product or service.

Blog

A web page in which entries are posted in reverse chronological order.

Network marketing

An approach to selling in which the salesperson recruits customers to become distributors of the product or service to others.

reverse auction

An auction in which the low bid gets the business or wins.

RSS feed

An internet messaging service that sends whatever web material you specify to subscribers to that feed.

Covenants

The limitations imposed on your property by your neighborhood group.

Part-time entrepreneurs typically want a firm to appear ____.

permanent

Business-to-business (B2B)

Business-to-business transactions using e-commerce.

Business-to-consumer (B2C)

Business-to-consumer transactions using e-commerce.

Zoning laws

Government specifications for acceptable use of land and buildings in particular areas.

___ is where most part-time business start.

Home

What are the two Coe methods of getting started for part-time entrepreneurs ?

Home-based business and Internet business

Time to start-up

How long it takes to start a new business.

What are the key issues of part-time entrepreneurship ?

Optimizing visibility and managing the payment process

_____ entrepreneurs typically want a short time to start the firm.

Part-time

Variance

Permission from a government organization to act differently that the laws state.

Intellectual property

Property coming from some sort of original thought, for example, patents, trade secrets, trademarks, and copyright.

Cost to start-up

The amount of money it takes to start a new business .

Volatility

The frequency of business starts and stops.

Permanence

The impression of long-term continuity a business gives others.

Part-time-self-employed

Working for yourself for 35 or fewer hours a week.

Full-time self-employed

Working for yourself for more than 35 hours a week.

Multichannel Marketing

The use of several different channels to reach your customers, for example, a website, direct mail, and traditional retailing.

E-commerce

The use of the internet to conduct business transactions.

What does a typical web page have on it?

-"about us" -Product/service pages give more details of product -support page -resources page -press or media page

What kind of part-time entrepreneurship exist?

-Home-based business Internet Information Websites -Ecommerce and eBay website

When should you consider a part-time business ?

-Want to gain basic experience -lack resources for a full-scale business -narrow window of opportunity

What are the next best things to w home-based business ?

-home retail - stand retail -Mobile offices -virtual offices, executive offices, and incubators -doing business without a business organization

What are things that should not be on your website?

-slow-loading graphics or pages -too many layers of screens to get to what you want -dead links within the website -hard to fill in online forms -pop-up ads -pages that only look or work "right" in one type of browser

What are the three key considerations for part-time small business start-ups?

1) Cost to start-up 2) time to start-up 3) permanence

What are the two financial issues for entrepreneurs who create their own e-commerce websites?

1)Payment 2)Chargeback

Tweet

A 140 character or less message sent using the Twitter web service.

Search engine optimization

A general approach to website design intended to result in the site being displayed toward the beginning of a search engine's listing for that term.

Reciprocal links

A listed, live connection to a different website, which in turn displays a similar link to the first website.

Reserve price

A minimum acceptable selling price in an auction. If the bidding does not exceed the price, the sale will not go through.

Informational websites

An internet site designed to introduce and explain a business to others.