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Entreprenuership Flashcards | StudBud
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Entreprenuership
Entreprenuership
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StudBud Administration
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A review of entrepreneurship.
Flashcards
10 cards
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Practice quiz
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Questions
10
Answers
1
When there is not enough product to meet the demand, you have a ____________ ?
scarcity
demand
supply
mixed economy
2
If I employ less than one hundred employees I am a ??
franchisee
small company
large company
manufacturing company
3
A ?? is a consumer need or want that can potentially be met by a new business.
franchise
executive summary
a plan for growth
a business opportunity
4
Determining your strengths, weaknesses, opportunities, and threats is known as ??
SWOT analysis
prototype
opportunity cost
calculated risk
5
The social science focused on how people satisfy their demands for goods & services .
economics
global economy
trading
tyranny
6
A natural ability to do a particular type of work or activity well is called??
a skill
an aptitude
an attitude
self-esteem
7
In a ?? the government controls the production, allocation, and price of goods and services.
command economy
market economy
economic
mixed economy
8
A royalty fee is ??
ongoing payment based on the value of the buisness
single fee paid when the franchise agreement is signed
ongoing payment based on a percentage of sales
a single fee paid when a franchise agreement expires
9
Anybody can become an ____________________________ ?
entrepreneur
mother
pilot
franchise
10
Concept, customer, and capital are known as
elevator pitch
business plan
the three c's
quick summary
