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Enterprise & Entrepreneurism Flashcards | StudBud
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Enterprise & Entrepreneurism
Enterprise & Entrepreneurism
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#Junior cert business
Flashcards
28 cards
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Practice quiz
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Questions
28
Answers
1
Which one is NOT a entrepreneurial skill
Time management
People management
Being Creative
Communication
2
We need to work out how many products we must sell to cover your costs. This is called?
Break even point
Lose money point
Make profit point
Break everything point
3
When a group of people get together to think of new ideas this is called?
Brain stopping
Storm trouping
Brainstorming
Storm clouding
4
These are things we can all learn over time and by practising.
Feelings
Skills
Ambitious
Characteristics
5
The process of introducing new ideas or ways of doing thing is called?
Communication
Innovation
Confirmation
Motivation
6
Which one of these is a not for profit enterprise
Nike
Starbucks
Foodcloud
JD sports
7
Taking a financial & personal risk to start something new is called
Enterprise
Entrepreneurism
Giving up
Looking for a job
8
The process of getting our product / services from the producer to the consumer is called?
Selecting
Developing
Generating
Marketing
9
Which one of these is NOT a characteristic?
Determined
Planning
Risk taker
Creative
10
The people who are most likely to buy your product or service are called?
Christmas market
Super market
Hyper market
Target Market
11
Entrepreneurs have certain traits that they are born with what are they called?
Characteristics
Good communicators
People management
Skills
12
These types of ideas & new ways of doing thing come from outside the business?
Internal sources
Intrapreneurial sources
External sources
Exit sources
13
External sources of ideas come from outside the business. Tick the odd one out?
Other businesses (competitors)
Trade shows
Government Agencies (Enterprise IRL)
Employee suggestions
14
An Enterprise that is in the business of making money is called
For profit
Not for profit
social enterprise
cultural enterprise
15
Which one of these is a financial enterprise?
Art Gallery
History museum
Spar shop
Tourist information office
16
Which one of these is a
for profit
enterprise
Domino's pizza
National Museum of Ireland
Oxfam
Foodcloud
17
Step 1
: Idea Generation,
Step 2
: Selecting the best idea, What is
Step 3
?
Launching the product
Making a prototype
Feasibility study
Developing the idea
18
What is the Target market for this product?
Mothers or Fathers
Babies
Adults with no children
Teenagers
19
The term
?
describes how goods, services are produced, sold and
?
in a region or country.
sold
economy
enterprise
bought
20
Enterprise helps communities in what ways (Thick the correct answers)
Create employment / jobs
Increases unemployment
Reduces social problems e.g crime, substance abuse
Raises peoples standard of living
21
The National Science Gallery is an example of a
Community enterprise
Social enterprise
Cultural enterprise
Financial enterprise
22
When
employees
come up with new ideas & ways of doing thing this is known as?
Entrepreneurship
Research & Development
Intrapreneurship
SWOT analysis
23
Step 5
: We make a Test Model of our product, to check if it works. What's it called?
Robotype
Prototype
Autotype
typewriter
24
There are a number of steps in developing a new Product or Service. How many steps are there?
7
5
10
6
25
Step 6
we show our product to small group of people to see if they like it. What's this called?
Sample marketing
Product Launch
Bad marketing
Test marketing
26
New ideas & ways of doing things that come from inside the business are called?
Secondary sources
Internal sources
Primary sources
External sources
27
Business use SWOT analysis to help come up with new ideas. What does the O & T stand for?
Opportunity & Threats
Official & Terms
Offer & Together
Organised & Together
28
Business use SWOT analysis to help come up with new ideas. What does the S & W stand for?
Strength & Working
Strengths & Weaknesses
Skills & Workers
Strong & Weak
