Duplicate of 2014-2015 NFTE Concept Review!!!!!!

Examples of this are as follows: cities, states, neighborhoods, and countries.

Thinking like an entrepreneur can help you become a more valued employee.

A skill is an ability that you can learn through training and practice. 

Primary Data is research one does first hand. Choose the best example below:

A manufacturing business buys goods in large quantities and then resells them to retailers.

Manufacturing businesses are predicted to dominate the United States economy in the future. 

Being successful is solely defined by how much money an entrepreneur makes.

Mission Statements are basically advertisements and are not typically used in everyday life.

In a general partnership, all partners have unlimited liability. 

Long Grove Confectionery is an example of a manufacturer.

This describes the age, gender, and race of those in your target market.

Ice cream shops often contend with this issue.

Wholesalers sell directly to consumers.

Instead of seeing opportunities, a successful entrepreneur usually sees problems.

Employees typically work longer hours than entrepreneurs.

A sole proprietorship and their partner share any profits or debt in their company.

Demographics include age, marital status, and education. 

A sole proprietorship is the simplest and least expensive option for business ownership.

A hairstylist belongs to which type of business

FIXED EXPENSES per mo.=$500 Unit of Sale = $75. What is the BREAK EVEN UNITS?

Wholesalers are also known as middlemen or distributors.

The primary motivation for becoming entrepreneurs is to make money.

Psychographics group market segments by where they live. 

What is the first step an entrepreneur would take to research a potential business opportunity?