A venture capitalist is

An investor in a business providing capital for a startup.

Direct competitors are

Competitors most closely matching a firm's product offering.

What is an office memorandum

A short written form of business communication.

What is the purpose of a business plan?

states the amount of capital you need you need to run the company, States the purpose and vision of your company.

what does the term boot strapping refer to

self funding a business or project.

group of consumers which the product is aimed for.

What is the difference between a startup and a small business

Startups intend to grow larger compared to a small business.

studbud

Entrepreneurship

15 termsStudBud Administration

Imported from external platform

Flashcards15 cardsFPractice quizPHost liveL

Questions 15

Answers

1
A venture capitalist is
Net worth of a company
Co founder of a successful startup
An investor in a business providing capital for a startup.
Manager
2
How many first time business owners are successful.
14%
24%
18%.
12%
3
Direct competitors are
Competitors most closely matching a firm's product offering.
Competitors whose product can satisfy the same need but in different ways
similar products are made by the same company
Any business
4
What is an office memorandum
Short speech
A short written form of business communication.
Letter
Message from one person to another
5
Why is a business plan needed
gets everyone involved to focus on the same goals
To raise capital.
gives an objective look at what you are doing and why
It is a law
6
Which is not a disadvantage of entrepreneurship?
Uncertain income
Risky
You are the boss.
Working nonstop for long amounts of time
7
What is the purpose of a business plan?
states the amount of capital you need you need to run the company
To document your financial activity during one year
States the purpose and vision of your company.
Legal document to be filed with the SEC
8
What information should not be included in a business plan
your financing needs
marketing plan
assets and liabilities.
basic business concepts
9
what does the term boot strapping refer to
Tying yourself to a business partner to fund your venture
self funding a business or project.
strapping with maximum amount of debtto start a businesss
starting a business with very few assets
10
Which is not a reason startups typically fail
market demand.
poor marketing
no business model
running out of cash
11
a target market is
group of consumers which the product is aimed for.
generational group of people
a group of investors
industry willing to market and sell the product
12
Entrepreneurs must always have a formal business education to succeed in starting and running a business?
True
False
13
How can you market your business?
Both.
Advertisements
Social media
Sleeping
14
People who own and operate their own business.
Volunteer
Employee
Mechanic
Entrepreneur.
15
What is the difference between a startup and a small business
A small business has more employess than a start up
Startups intend to grow larger compared to a small business.
Small businesses have multiple locations, startups do not
Startups have been in business longer

Entrepreneurship Flashcards | StudBud