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Entrepreneurship Flashcards | StudBud
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Entrepreneurship
Entrepreneurship
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Questions
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Answers
1
A venture is a new business undertaking that involves risk.
True
False
2
Market structure in which there are just a few competing firms is called a?
Market
Monopoly
Oligopoly
Capitalist.
3
By thinking freely to generate ideas you are doing what?
Thinking
Brainstorm
Creativity
4
New venture started inside a large corporation.
Niche
Innovation
Corporate Venture
Venture
5
An interpreter does what for someone?
Give you ideas
Translate the other language into English
Write everything down
6
This document describes a new business & strategy to launch the business.
Business Plan
Business Concept
Business Stratgey
7
One type of a service business.
Retail Store
Gym
Car Manufacturing
Writers
8
Information data that is already collected by someone else is called secondary data.
False
True
9
Is a focus group where a business go to brainstorm new ideas?
True
False
10
This describes how you intend to make money with your business concept.
Business Grid
Business Concept
Business Model
11
Your characteristics or qualities that identifies you as a person, is your?
Characteristics
Identity
Entrepreneurial Skills
Profile
12
Are geographics and psychographics the two ways consumer markets are segmented?
False
True
13
Market in which a particular commodity has one seller who has control over supply and prices
Oligopoly
Monopoly
Market Structure
Venture
14
A collection of businesses with a common line of products or services is?
Trades
Market
Target Market
Industry
15
What is a economic system in which people have important rights to make economic choices?
Traditional Economic System
Mixed Economic System
Free Enterprise System
Command Economic System
16
You do this when you want to determine the status of something.
Exploratory Research
Descriptive Research
Historical Research
17
Economics is that research you do on the wealth in a product.
False
True
18
An person who undertakes the creation, organization, and ownership of a business are called?
CEO
Adventurist
Venture
Entrepreneur
19
Studying the Past is what kind of research?
Exploratory Research
Historical Research
Descriptive Research
20
Contracting with other companies for services.
Niche
Outsourcing
Strategic alliance
Venture
21
"to bring happiness to millions." Walt Disney is a?
Vision Statment
Company Summary
Mission Statment
22
The bright red color is a ____ of the wagon.
Feature
Benefit
Concept
Parts
23
The collection and analysis of information aimed at understanding the consumer
Market Segments
Markets Research
Target Markets
Research
24
Money people have to spend after paying necessary expenses.
Set a side cash
Petty Cash
Disposable Income
25
What are zones that are designated to provide tax benefits to new businesses there?
Enterprises
Tax Zones
New Business Zones
Enterprise Zones