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What is Entrepreneurship Flashcards | StudBud
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What is Entrepreneurship
What is Entrepreneurship
17 terms
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Day 2-EmpowerED
Flashcards
17 cards
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Questions
17
Answers
1
What is a business plan?
A marketing campaign
A financial statement
A sales forecast
A document outlining business goals and how to achieve them
2
What does SWOT analysis stand for?
Systems, Widgets, Outputs, Tasks
Strengths, Weaknesses, Opportunities, Threats
Sales, Wins, Objectives, Targets
Strategic, Workflow, Optimization, Tactics
3
What is MVP in the context of entrepreneurship?
Most Valuable Product
Minimum Viable Product
Maximizing Venture Potential
Market Value Proposition
4
What is the term for identifying a market gap and creating a product to fill it?
Opportunity Recognition
Market Penetration
Market Segmentation
Market Research
5
Which of these is NOT a common source of funding for startups?
Angel Investors
Personal Savings
Venture Capital
Crowd Funding
6
What is a pivot in the context of entrepreneurship?
A change in business strategy or direction
A type of marketing strategy
A financial forecasting tool
A sudden increase in sales
7
Which of these is an example of a successful entrepreneur?
Elon Musk
Jay-Z
Mark Zuckerberg
Drake
8
What does ROI stand for in business?
Risk of inflation
Return on investment
Rate of interest
Return of income
9
What is a niche market?
A specialized segment of the market with specific nee
A market with low demand
A market with high competition
A large and broad target market
10
Which of the following is a characteristic of successful entrepreneurs?
Risk-averse
Innovative
Avoids Challenges
Resistant to change
11
What is the purpose of a pitch deck in entrepreneurship?
To summarize a business idea and attract investors
To outline a company's financial projections
To create a marketing campaign
To develop a product prototype
12
Why do entrepreneurs start businesses?
To play sports
To watch movies
To make money
To go on vacations
13
What is the purpose of market research in entrepreneurship?
To identify potential customers and their needs
To create marketing campaigns
To develop financial projections
To secure funding from investors
14
What is a business model canvas?
A financial statement
A marketing campaign plan
A document outlining a business's strategy and operations
A legal contract
15
What does the term "Bootstrapping" mean in entrepreneurship?
Building a business website
Using venture capital for initial funding
Funding a startup with personal savings or revenue
Conducting market research
16
What is Entrepreneurship?
Starting a new business
Investing in stocks
Working for a large corporation
Writing a novel
17
What is scalability in business?
The process of reducing operational costs
The legal protection of intellectual property
The potential for a business to grow and handle increased demand
The ability to adapt to market changes
