WebXam Study Set
An entrepreneur's life has few challenges, few risks, and minimal rewards.
F
Location is not important for a business.
F
Entrepreneurs are self-motivated and recognize opportunities around them.
T
Buying an existing business _____.
allows the owner to build upon the goodwill of previous customerse
A business' success depends on four key factors: financing, location, management, and _____.
competition
Buying a franchise might be a good decision for someone who _____.
doesn't have experience developing management systems
A disadvantage to joining a family business is that _____.
family relationships may be negatively affected
In order for a teen to have a successful business, they must to do all of the following EXCEPT _____.
ignore customer satisfaction
The three traits an entrepreneur must possess to be successful are _____.
sight & foresight, decision making, and motivation
In order for a person to recognize needs that are not being met and make a career out of fulfilling unmet needs, that person must have _____.
sight and foresight
