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Entrepreneurship Ch 3 Flashcards | StudBud
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Entrepreneurship Ch 3
Entrepreneurship Ch 3
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quiz review for chapter 3
Flashcards
23 cards
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Questions
23
Answers
1
Age, gender, income, ethnic background, and population are examples of what?
topics
goodwill
values
demographics
2
A good source for trends and information would be the
specialty magazinses
government agencies
newspapers
all the above
3
Being creative can present challenges
True
False
4
What is one way to brainstorm?
Practice it
all the above
Look at ordinary things in new ways
find creative solutions
5
A business that conducts business by means of the Internet is called?
niche
innovation
social entrepreneursh
online business
6
McDonald's is an example of a(n)
investor
franchise
family-owned business
hardware store
7
How many terms from the chapter were you supposed to use in your presentation?
7
9
10
8
8
What do you do if you are outsourcing?
letting someone else be the boss
saving your money by not hiring new employees
using are contracting with other companies to do your work
you do not want out side sources to see how you do business
9
What do social entrepreneurs focus on?
social needs
on education
all the above
combat pollution
10
Creativity leading to invention of something new involves?
discovery
invention and application
all the above
connection
11
Consultants, tradespeople, writers and graphic designers, are examples of what?
service business people
business people
home-based business people
green businesses
12
Sports, camping, fashion, and computer magazines are areas to find potential customers?
false
True
13
Which are major trends in new businesses?
outsourcing
all of the above
strategic alliances
growth of home-based business
14
Hiring a firm to design and produce packaging is an example of
corporate venture
oursourcing
demographics
innovation
15
Social entrepreneurs would never consider starting a non-profit business.
False
True
16
Finding a new way of doing something is called?
Specialty Magazine
Sustainabilty
Partnership
Innovation
17
A strategic alliance is?
a way to wage war
partnership with another company
working 2 jobs at once
2 businesses fight other businesses
18
A small specialized market is called?
niche
green business
coporate venture
outsourcing
19
The ability to recognize new opportunities and think creative are essential for entrepreneurs?
False
True
20
Who goes to a trade show?
neither vendors and manufacturers
vendors
manufacturers
both vendors and manufactures
21
To find a new business, you may need to hire a(n)
investor
business broker
banker
owner
22
Knowing how to use technology is not necessary for entrepreneurs.
True
False
23
Before you can determine if a new venture is feasible, you must prepare
taxes
employees
a business plan
the office
