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Entrepreneurship 12: Chapter 1 Flashcards | StudBud

Explore/Entrepreneurship 12: Chapter 1

What is a Venture?

What is the definition of a "Product"?

Entrepreneurship 12: Chapter 1

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Chapter one definitions for the Entrepreneurship 12 course - chapter 1

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Questions 12

Answers

1
What is the definition of a "Product"?
All saleable objects excluding food
Something you do for someone
Something made or harvested to fill a need
Something that is created by hand
2
What is a Venture?
A business record of expenses
A business model
A business idea
A new business that someone has started
3
What would you call a business that competes with the others for the same customers?
Nasty
Tangent
Acute
Competition
4
What is Entrepreneurship?
A bad habit that you cannot break
Acting on ideas to fill needs
A delivery van with 2 seats
A cruise ship
5
What does it mean to be "Self employed"?
Working for Mr. William Self at Self Hardware Store
Working for a corporation
Owning your own business or working independently
Doing project work
6
Plans for the future of an organization
Vision
Mission
Logo
Slogan
7
Main goal or purpose of an organization
Mission
Slogan
Vision
Logo
8
A picture or symbol that represents a business
Vision
Mission
Logo
Slogan
9
What is the "Economy"?
The combined wealth of a defined area
A system that makes sure everyone is looked after
A system that uses resources to create wealth
A system that uses people to create wealth
10
Which one of the following would NOT be defined as a "Service"?
Hair cut/Hair style
Pizza delivery
Taxi ride
Big Mac
11
"I'm loving it" and "Have it your way" are popular examples of this.
Logo
Mission
Vision
Slogan
12
What is an Entrepreneur
A person who drives a tractor
A person who takes risk to turn a need into a business
A person who studies bugs
A person who sails ships