Basics of Entrepreneurship

Which is a unique factor of an Entrepreneur?

____ is a intangible product

_____ is an intangible product that is carried out by a process or activity

A type of business with two or more owners that share liability

________ is a tangible product that can be consumed

A type of business where stock of ownership is involved by a group of owners

An advantage of this business is that the owner gets all the profits

Job specific skills that are necessary to the required work related taks to the job?

A type of business that has only one owner

_________ is another name for a business

An advantage of this business type is that shareholders are only liable up to their investment

______ is where an owners financial liability is limited to a fixed sum amount.

Process of recognizing a need in a market to open a business & gathering all resources to do so

Skills used to communiucate at work and the ability to work well with others

Which is a characteristic of a successful entrepreneur?

Good and services are

Which business type is easier to start up?

An advantage to this type of business is that decision making is shared between owners.

_____ is a tangible product

The person who organizes a business, taking on the financial risk that is involved.