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Grade 11 Entrepreneurship class Flashcards | StudBud
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Grade 11 Entrepreneurship class
Grade 11 Entrepreneurship class
25 terms
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Grade 11 Entrepreneurship class #bdi3c #grade11 #entrepreneurship #innovation #invention #patent
Flashcards
25 cards
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Practice quiz
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Questions
25
Answers
1
Banting and Best invented...
Child Proof Medicine Caps
the potato digger
Canada Dry
Insulin
2
The W in SWOT stands for:
Worth
Weaknesses
Worries
Wants
3
Business A&B are in the same mall. A sells hot dogs B sells burgers. Direct competition?
True
False
4
Gideon Sunback invented...
the zipper
velcro
Goalie Masks
Basketball
5
The Executive Summary includes the SWOT analysis:
False
True
6
Competitive Pricing means:
setting prices higher than other products on the market
setting prices the same as other products on the market
setting a price consumers will pay
setting prices lower than other products on the market
7
A logo is something that you can
trademark
copywright
patent
ingest
8
Promotion is paid, advertising is free:
True
False
9
Who invented the "Ski-Doo"?
Carey Bombardier
Armand Bombardier
Arland Polaris
Charles Stevenson
10
Entrepreneurs take _______________ risks.
conceived
educated
calculated
enormous
11
commercial innovations
are a form of advertising
make improvements to an existing item
make profit
typically non-profit
12
The Survey or _________________________ goes into the market plan & analysis sections.
field research data
test data
primary source data
secondary source data
13
________________ uses the product.
consumer
customer
14
The ability or power to produce original thoughts or ideas based on reasoning and judgment
innovation
invention
creativity
philosophy
15
A white hat thinker:
is "negative"
likes facts
is cautious
makes emotional decisions
16
A benefit of a product are the "cold hard facts" of the item.
False
True
17
An improvement of an existing technological product, system or method of doing something
imagination
innovation
invention
engineering
18
I am going to ACE this exam.
not likely.
meh.
hopefully
Heck YES!
19
Hybrid cars are a good example of
abomination
invention
innovation
cross-contamination
20
Demographics includes_____________________________________________________.
age, taste in music, attitudes on health, family life cycle
age, likes, personality traits and gender
age, gender, family life cycle, income level
gender, lifestyle, food interests, culture
21
The tables and chairs in a restaurant are considered intangible.
no
yes
22
__________ gives the creator of an invention the sole right to make and sell it
copyright
patent
trademark
the constitution
23
To be successful, most companies need to _________________
Invent
Innovate
Stagnate
Procreate
24
Entrepreneurs are:
conservative
calculated risk takers
business people
gamblers
25
A new product or system that has never existed before, created by study and experimentation
invention
technology
innovation
science
