Entrepreneurship Unit 1 & 2 Review

People go into business for themselves because

What are some of the characteristics of an entrepreneur?

Business that sells products to other businesses rather than to the final consumer

Retailing refers to...

The Food and Drug Administration is an organization that exists to help small businesses and their owners.

Though there are more small businesses in the United States than large businesses, the large businesses create the most

What does SMART stand for in smart goals?

What does the T in SMART Goals mean?

The best way for an entrepreneur to make a decision is to go with her intuition or “gut feeling.”

To be an entrepreneur you must invent a new product or service.

What does the "M" in SMART goals stand for

What does an entrepreneur do?

Which person is an entrepreneur ?

People who own, operate, and take the risk of a business venture are called

The FINAL step of the problem-solving model is to

What does the A in SMART Goals stand for?

Which of the following is not prerequisite for becoming a successful entrepreneur?

What does the "S" stand for in SMART goals?

Entrepreneurs try to identify unmet _____ of the marketplace. 

A wholesaling business sells products directly to consumers.

The more often you use the problem-solving model, the better skilled at decision making you will become.

The entrepreneur has been primarily associated with a willingness to:

What does the "A" in SMART goals stand for

Which of the following characteristics is least important to the success of an entrepreneur?

“I will learn more about starting my own business” is a good example of a SMART goal.

Which of the following type of business sells products directly to consumers?

Employees, customers, and creditors are all stakeholders in an entrepreneur’s business.

Which of the following is NOT true about an entrepreneur?

In a brainstorming session, it is NOT a good idea to

One way a business can “go green” is to recycle and work with other green-minded companies.