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Entrepreneurship Flashcards | StudBud
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Entrepreneurship
Entrepreneurship
19 terms
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36 plays
learning entrepreneurs
Flashcards
19 cards
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Practice quiz
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Questions
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Answers
1
What would be a reason for failure?
Giving up when things got tough
Poor Money Management
no drive to succeed
Your mother telling you that you can't
2
What is a variable expense?
A cost that is reliant on how much your product sells
Someone who helps run the business
A math equation
A cost that comes from your employees
3
At what age can you become an entrepreneur?
21
10
6
18
4
What is a manufacturer
a person or company that makes goods for sale.
a restaraunt
a shipment warehouse
a grocery store
5
Is it a good idea to hire responsible people?
No, I want people that I cannot depend on
Yes, people won't steal your money
6
What challenge does an entrepreneur face?
money
all of the above
responsibility
paperwork
7
How can you become an entrepreneur?
Work hard
Good Work Ethic
Dream big
Be lazy
8
What is an Entrepreneur?
someone who purchases a product from a business
a person who owns stock in a business
someone who is a employee
a person who organizes and operates a business.
9
What is start-up cost?
the cost of your inventory
the cost of your employees
Non-recurring costs associated with setting up a business
the cost it takes to start your advertising
10
What is a fixed expense?
the amount of money in your account
how much you spend
A cost that won't change, whether you sell a lot/a little
A cost that will change, depending on how much you sell
11
Money needed to open a business.
start up financing
service
business plan
innovation
12
What is a Target Market?
a specific amount of money you are allowed to spend
a grocery store
a particular group of consumers at which a product is aimed
a local produce store
13
T/F: Being an entrepreneur is easy
True
False
14
How successful will you be?
I will fail no matter what
As successful as I want depending on my efforts
15
T/F: An effective trait of an entrepreneur is determination
True
False
16
What is publicity?
overcharging for your product
the attention given to someone or something by the media.
offering free food for more business
giving money to famous people
17
What is one quality of an entrepreneur?
depression
stubbornness
money
flexibility
18
What is Public relations?
the professional maintenance of a favorable public image
controlling the thoughts of the loan company
controlling what other companies think
19
Advertising is
placing signs for your company around town
re-modeling your business
commercials on TV
radio commercials
