ENTREPRENEURSHIP 101 REVIEW FOR 5/9 QUIZ

LLC is a Limited Liability Corporation

Entrepreneurship is the process of starting and running your own business. 

A specific group of people your product is for

A Business Plan is a road map for your business

The look, feel, and message of your product or  business is it's...

Why Is Entrepreneurship Important for real world impact?

Which of the following is a way to target your market

This form of business is owned and controlled by 1 person

Unlimited liability means that a person cannot be sued for both their business and personal assets

Which is the key part to a brand

Entrepreneneur is French for risk taker

Targeting your market Helps you design better products and marketing ideas

This form of business is an artificial being in the eyes of the law, can sell stock and has limited liability

Which is a part of the business plan

Which of the following is a way Entrepreneurs can fund their business

Branding makes your product stand out and builds trust with the customer

Type of Entrepreneur starts a business with the goal of re-investing the money to the charity they support ex St. Jude's

Type of Entrepreneur starts a business and almost "copies" another business, improves it or fills a market gap

LLC is a Limited Liability Company

This type of Entrepreneur starts a business to make money but has a cause or mission involved with it

A benefit of becoming an entrepreneur is having freedom to create, making a profit and learn life skills

This form of business is owned and controlled by 2 OR MORE PEOPLE

Type of Entrepreneur starts a business sells it & does this AGAIN & AGAIN- they keep starting and selling businesses

wHICH OF THE FOLLOWING IS A KEY TRAIT OF AN ENTREPRENEUR

This form of business is a hybrid and has all the benefits of a corporation but is taxed once