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