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Entrepreneurship Flashcards | StudBud
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Entrepreneurship
Entrepreneurship
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Flashcards
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Questions
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Answers
1
Does the paper mill produce a product or provide a service?
Service
Product
2
Does a Bank produce a product or a service?
Product
Service
3
Which is NOT one of the reasons startups typically fail?
No business model
Poor marketing
Run out of cash
Market demand
4
Which company is the most successful business in the world?
Google
Amazon
Apple
Microsoft
5
Reid Hoffman is one of the greatest innovators in the last 30 years. He was the founder of
Snapchat
Twitter
Groupon
LinkedIn
6
What is a target market?
Specific group of people you want to sell to
Amount of money you need
Marketing Strategies
Resources
7
Does a Bakery produce a product or a service?
Product
Service
8
Who is the most successful businessman in the world?
Warren Buffet
Jeff Bezos
Elon Musk
Bill Gates
9
In what ways do entrepreneurs earn money?
Investing in stocks
All of the above
Blogging
Side gigs
10
Elon Musk is one of the greatest innovators in the last 30 years. He
Founded the company SpaceX
Co-founded Paypal
Co-founded Google
Founded the company Tesla
11
What is a disadvantage of being an entrepreneur?
You have more control over your work
You have a more flexible schedule
Your work schedule is always predictable
You do not always receive a regular paycheck
