Intro 2 Biz CH 1 UNIT 1

Which one of these could be a role of a business within a community?

When an entrepreneur is starting a business based on the needs of the market and research, we say it's service driven.

These are all recommended qualities of an entrepreneur except for what?

Some people try to start businesses out of necessity, meaning there's nowhere to work near where they live.

These are examples of capital/producer goods except for what?

These are all factors of production except for what?

All of these are important steps for start-ups except for what?

These are all consumer goods except for what?

When factoring in production capital, machinery and equipment isn't accounted for.

Finding a gap in the market could mean finding an untapped opportunity to be a "first mover."

Production processes can be capital intensive, _________ intensive or a mix of each.

One of the biggest problems startups face is a lack of record keeping.

These are all examples of services except for what?