Making a new product or service that never existed before

An student-run organization at the University of Windsor

Improving or adding features to an existing product

Something I desire/wish to have but is not required to survive

An essential product or service a consumer requires to survive

What are entrepreneurs?

An individual who creates a business

An 8-week program introducing financial literacy

studbud

Youtopia Week 1

11 termsStudBud Administration274 plays

Imported from external platform

Flashcards11 cardsFPractice quizPHost liveL

Questions 11

Answers

1
John spends $30 to make 6 of his shoes. What is John's unit cost per product?
$15
$6
$5
$12
2
What is inventing?
Improving or adding features to an existing product
Making money
A way of running for Student Council
Making a new product or service that never existed before
3
What is Enactus?
A school
An student-run organization at the University of Windsor
A business run by the City of Windsor
A hockey team focused on adopting young puppies
4
What is innovating?
A way of running for Student Council
Making money
Making a new product or service that never existed before
Improving or adding features to an existing product
5
What are the four R's?
Reduce, Repair, Recycle, Reuse
Reduce, Repair, Rework, Refund
Refund, Retain, Rebuild, Replace
Reduce, Reuse, Recycle, Rework
6
What is a want?
An essential product or service a consumer requires to survive
Something I desire/wish to have but is not required to survive
Shelter
Food and water
7
What is a need?
The newest iPhone that I need to have
An essential product or service a consumer requires to survive
Something I desire/wish to have but is not required to survive
Spaghetti and meatballs
8
What is an example of a business that you can create?
Cookies
Cakes
Soap
Phone cases from Amazon
9
What are entrepreneurs?
An individual who sells products for another company
An individual who creates a business
The Premier of Ontario
Another word for CEO
10
Andrew is trying to decide on a business name for his shoe company, which of the following should he choose?
That Shoe Company
Andrew's Super Awesome Spectacular Shoe Company
Feet First by Andrew
Andrew's Dirty Sneaker Store
11
What is Youtopia?
A 6-week program introducing financial literacy.
A place for students to jump rope
A travel destination
An 8-week program introducing financial literacy

Youtopia Week 1 Flashcards | StudBud