NFTE TEST

When private entrepreneurs purchase the rights to open and run a location of a larger company.

Entrepreneurs look for business ideas and new and better ways to solve problems.

An entreprenuer works for __________, while an employee works for____________________.

_ is the quantity of a good or service that consumers are willing to buy at a given price.

Entrepreneurs want to be their own bosses, plan own working hours, and make their own decisions

activity of setting up a business or businesses, taking on financial risk in hope of profit.

occurs when needs wants unlimited resources produce the services meet those needs are limited

Entrepreneurs are essential to the U.S. economy and help with growth an innovation.

the quantity of a good or service a producer is willing to produce at different prices.

A person who organizes and operates a business

Where supply and demand meet is called ________

In a _ economy, the government determines what, how, whom goods and services should beproduced.

What does a SWOT analysis evaluate?

In a market economy, the consumer wants to purchase the product/service for as ___ as they can.

_______ happens when the demand for a product is higher than the supply.

The U.S. can be categorized as a _____________ economy.

Entrepreneurs take a big _ deciding to start their own business

What level of risk is there for an employee?