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