Entrepreneurship

Question 1

Which skills are typically associated with a successful entrepreneur?

Accepted Answer

Communication, human relation, math and problem-solving

Question 2

What is an entrepreneur?

Accepted Answer

Someone who undertakes a risk to create their own business.

Question 3

What is the executive summary portion of the business plan?

Accepted Answer

A brief 1-2 page description of the key points of the plan.

Question 4

What is a business plan?

Accepted Answer

A proposal that describes a new business.

Question 5

What is something that typically happens in the discovery stage of the entrepreneurial process?

Accepted Answer

Taste tests, surveys and looking at market trends.

Question 6

What is a trademark?

Accepted Answer

protects business name or logo

Question 7

Which personal characteristics are typically associated with successful entrepreneurs?

Accepted Answer

Persistence, creativity, responsibility, and confidence.

Question 8

What is a contract?

Accepted Answer

A legal agreement between two or more parties

Question 9

What is the product/ service portion of the business plan?

Accepted Answer

Presents the unique features of the product or service.

Question 10

What is a Patent?

Accepted Answer

Protects inventions of products and processes

Question 11

What is the purpose of a business plan?

Accepted Answer

To obtain financing and analyze critical data.

Question 12

What is something that typically happens in the resourcing stage of the entrepren. process?

Accepted Answer

Identify potential investors

Question 13

What is something that typically happens in the actualization stage of the entrepren. process?

Accepted Answer

Grand opening

Question 14

What is the marketing portion of the business plan?

Accepted Answer

Describes how customers will be made aware of product

Question 15

What is a copyright?

Accepted Answer

Protects creative works such as musical and literary.

Questions 15