Ch. 5 Entrepreneurship Review

The section that includes demographic data about the target market and business location is

Most successful entrepreneurs have similar___

Small businesses that use the Internet have grown more than 45% faster than those that don't.

Internet businesses are often called ___ businesses

A small business serves a limited geographic area and employs no more than 100 people.

_____ businesses are the principle source of new jobs in the United States.

A business plan is a written description that describes all ___ of the business.

Before starting a particular business, an entrepreneur needs to determine if there is __ for it

Many successful entrepreneurs work in a related business before starting their own company.

The business plan section that presents research about the company's customer profile is called

The length of an executive summary should be LIMITED to ____

The business plan section that identifies trends and growth within the industry is the ___

A new business undertaking involves risk and is called a(n) ___

In a business plan, the size, scope, and type of business is explained in the _____

Knowing about business only benefits you as an employee, not as a consumer.

People become entrepreneurs for ____ reasons besides making money.

The most common form of business in the United States is ___

When entrepreneurs find new ways to solve old problems they demonstrate their ___

The main reason people become entrepreneurs is to have the opportunity to work when they want.

There are 10 essential parts of a business plan.

A business can be classified as a "small business" if it has fewer than __

Company values and beliefs are established in the ____.

The executive summary of the plan should be no more than two pages.

During the first five years of operation, about ___ of small businesses fail.