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Entrepreneurship Unit 2 review Flashcards | StudBud
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Entrepreneurship Unit 2 review
Entrepreneurship Unit 2 review
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Flashcards
10 cards
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Questions
10
Answers
1
A portion of the total sales generated by all competing companies in a given market.
market share
target market
2
A description of how entrepreneurs plan to make money with their business concepts.
business plan
feasibility model
3
A clear and concise description of a business opportunity. It contains four elements.
vision statement
business concept
4
For how many years does a patent last?
21
17
5
An enterprise that is set up to provide flexible leases and office space.
home-based business
incubator
6
A brief recounting of the key points contained in a business plan.
executive summary
mission statement
7
________ requires employers to look for hazardous areas in their workplace.
OSHA
EEOC
8
A word, symbol, design, or color that a business uses to identify itself or something it sells.
slogan
trademark
9
A niche is a small,
specialized
segment of the market.
False
True
10
A collection of businesses with a common line of products or services.
focus group
industry