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Entrepreneurship Ch 3 Flashcards | StudBud
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Entrepreneurship Ch 3
Entrepreneurship Ch 3
23 terms
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quiz review for chapter 3
Flashcards
23 cards
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Practice quiz
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Questions
23
Answers
1
Who goes to a trade show?
both vendors and manufactures
manufacturers
neither vendors and manufacturers
vendors
2
McDonald's is an example of a(n)
franchise
family-owned business
investor
hardware store
3
A good source for trends and information would be the
all the above
government agencies
specialty magazinses
newspapers
4
What do you do if you are outsourcing?
using are contracting with other companies to do your work
you do not want out side sources to see how you do business
letting someone else be the boss
saving your money by not hiring new employees
5
A strategic alliance is?
a way to wage war
working 2 jobs at once
2 businesses fight other businesses
partnership with another company
6
Consultants, tradespeople, writers and graphic designers, are examples of what?
business people
home-based business people
service business people
green businesses
7
Sports, camping, fashion, and computer magazines are areas to find potential customers?
True
false
8
How many terms from the chapter were you supposed to use in your presentation?
7
9
8
10
9
What do social entrepreneurs focus on?
all the above
combat pollution
social needs
on education
10
What is one way to brainstorm?
Practice it
find creative solutions
Look at ordinary things in new ways
all the above
11
Before you can determine if a new venture is feasible, you must prepare
taxes
the office
a business plan
employees
12
Knowing how to use technology is not necessary for entrepreneurs.
False
True
13
Social entrepreneurs would never consider starting a non-profit business.
True
False
14
Being creative can present challenges
False
True
15
Age, gender, income, ethnic background, and population are examples of what?
goodwill
topics
values
demographics
16
A small specialized market is called?
green business
niche
coporate venture
outsourcing
17
Creativity leading to invention of something new involves?
connection
all the above
invention and application
discovery
18
Finding a new way of doing something is called?
Sustainabilty
Innovation
Partnership
Specialty Magazine
19
The ability to recognize new opportunities and think creative are essential for entrepreneurs?
True
False
20
A business that conducts business by means of the Internet is called?
niche
online business
social entrepreneursh
innovation
21
To find a new business, you may need to hire a(n)
investor
owner
business broker
banker
22
Hiring a firm to design and produce packaging is an example of
demographics
corporate venture
innovation
oursourcing
23
Which are major trends in new businesses?
growth of home-based business
strategic alliances
all of the above
outsourcing
