Basics of Entrepreneurship

A type of business that has only one owner

_________ is another name for a business

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

Good and services are

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

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

_____ is a tangible product

________ is a tangible product that can be consumed

Which business type is easier to start up?

____ is a intangible product

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

Which is a characteristic of a successful entrepreneur?

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

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

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

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

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

Which is a unique factor of an Entrepreneur?

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

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