Chapter 2-Idea Generation

Financial Functions are any daily activities that involve money?

Involves the input and output of money in a business?

Updating premises or materials is also an example of an investment activity?

The entrepreneurial attribute that allows entrepreneurs to continue on through failures & obstacles?

The aspects of making, selling, and providing products in exchange for money

A tangible item that is produced and sold to consumers

Which of the following is NOT 1 of the 3 types of business activities

An organized way in which a state or nation distributes its resources and provides goods and services to the community.

The four forms of business activities include all but which of the following?

Implementation is the term used for all activities in the creation of products

A small business is based on either the # of employees over past ____ OR average annual sales receipt over ____ ?

Which of the follow is a role of entrepreneurship in society?

The business model that provides lengthy access to goods & services for an annual, monthly, or weekly fee

The things that a business owns are known as assets?

Operational Activities make up the majority of daily activities that contribute to net worth of a company?

The Marketing Function ensures that business is meeting customer demands and able to compete?

The four forms of operational activities are known as?

Refers to the amount of goods that a customer wants?

Science of how decisions are made about satisfying unlimited wants with limited resources is known as economics?

The business model where the owner of the company grants another business owner the right to use their business name?

Market Research is research into consumer preferences to see if there is a demand and what consumers will pay?

The # of attributes or concepts that differentiate entrepreneurs?

Making an investment means using money to create wealth over time?

An organization that generates income for its owners?

A venture is starting a business that involves risk?

Companies created to benefit a public interest?

The daily choices about the direction of business activities are part of the Marketing Function?

Part of the entrepreneurial discovery process is assessing global trends?

A business model is a plan for making a profit in order to operate?

Which of the following is NOT an example of an investment tool?

Organizational Design is the way a company’s mission relates to its structure?

The amount of goods that are available to consumers?

The difference between a for-profit and not-for-profit is the way the organization handles its expenses?

The type of business model where sales are basically made through social media or online straight to the consumer?

SBA stands for ...

The things that a business owes are liabilities?

Profit is a financial gain calculated by the difference between amount earned and amount spent by a business?

The business model where a company provides goods or services for free but later charges a fee for extra features?

Anything that can be bought or sold is a good?

The total value of a business

Performance of a particular task in exchange for money

A precise course of action for how a company will secure customers and generate income.