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Entrepreneurship Review - Business 9 Flashcards | StudBud
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Entrepreneurship Review - Business 9
Entrepreneurship Review - Business 9
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Flashcards
20 cards
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Questions
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Answers
1
Which is not a characteristic of a successful entrepreneur?
Hard-working
Motivated
Takes very little risk
Passionate
2
Which of these are important during a pitch?
Posture
All of them
Body language
Eye Contact
3
Trends, surveys of products can lead to market-drive enterprise
True
False
4
What is an Entrepreneur?
A person or organizes and runs their own business
Works for other people
Watch people do the work
Love to sit back and relax
5
Which one is not an invention?
Electric lightbulbs
TV
Better batteries in cell phone
Printing Press
6
An elevator pitch is a way to convey information about your business. How long should it be?
5 minutes
30 seconds
3 minutes
60 minutes
7
Entrepreneurs need to develop writing, speaking and listening skills. This would be:
Human Relation Skills
Math Skills
Communication Skills
Technical Skills
8
Product or service mapping helps you to see your competitors
False
True
9
What is true about an entrepreneur?
Guarateed to make a lot of money
There are failures and successes
Starts at any age
Blue and yellow
10
An entrepreneur must also understand economics, finance, marketing, and management concepts.
Math Skills
Basic Business Skills
Communication Skills
Problem Solving Skills
11
In business, what is a pitch?
A meeting between colleagues
When you promote or sell something/yourself
When you buy something
A place where you play sport
12
Which of the following means you work until the job is done?
Creative
Persistent
Inquisitive
Responsible
13
Which of the following means that you are accountable for your own actions and choiced?
Responsible
Inquisitive
Goal-Oriented
Independent
14
Elon Musk is one of the greatest innovator. He co-founded:
Tesla
SpaceX
Paypal
All of the options
15
What is the main reason why many entrepreneurs fail?
poor managment
bad attitude
incorrect pricing
improper inventory
16
What is market segment?
Market segments can be large or small
Can help determine where your product fits in the market
Any part of the market that has common characteristics
All answers are correct
17
What is a disadvantge of being an entrepreneur?
You do not always receive a regular paycheck
You can work from home
You have more control over your work
You have a more flexible schedule
18
The process of creating something new that makes life better is called...
Opportunity Cost
Innovation
Brand Recognition
Technology
19
An entrepreneur can expect to earn profits immediately.
True
False
20
Idea Driven Enterprise means...
All the Above
There is guarateed demand for it
Airbags in cars are a great example
A great idea!!
