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Business Chapter 5 Entrepreneurship Flashcards | StudBud
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Business Chapter 5 Entrepreneurship
Business Chapter 5 Entrepreneurship
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1
How does a small business impact an economy?
Make up 99% of businesses.
Employs 50% of the workforce.
Helps big businesses lose money.
2/3 of all new jobs are generated by small businesses.
2
What is the definition of a Business Plan?
How you're going to start your business.
A written description of a new business venture.
A typed essay about your business.
Steps to planning a business.
3
What is included in a growth plan?
How you will expand in the future.
How much you want to spend.
How much you want your employees to grow.
How many customers you want to have.
4
What is the definition of an enterprise?
A car rental store.
A place that offers only services.
A place to buy items.
A business or company.
5
What is the definition of an entrepreneur?
A person who recognizes a business opportunity and takes it.
A person who starts an online company.
A person who provides services.
A very creative person.
6
What does SBA stand for?
Successful Business Association
Successful Business Analysis
Small Business Association
Small Business Administration
7
What is a partnership?
A business owned by only two people.
A business owned by one person.
A business owned by two or more people
A business owned by a couple.
8
What is the definition of a Dot-com Company?
A business that has a very large online store.
A business that operates on the Internet.
A business that has dot-com in its name.
A business that has three stores.
9
What does a marketing plan do?
Says the number of people who will see the ads.
Describes your customers.
States how much money you will use to market.
Says the types of advertising your business will use.
10
What is included in a financial plan?
How you will obtain start-up money.
Projections for revenue, costs and profits.
How much money construstion will cost.
How much money you'll spend on ads.
