What are the four parts of a SWOT analysis?

strengths, weaknesses, opportunities and threats

The main purpose of developing a business pitch is to

briefly share the important information about your business, determine whether the business idea's a business opportunity

Which is not true about an entrepreneur?

salary evaluated based on ability to complete tasks assigned

Which of these is an advantage of starting your own business?

you have control over where and when you work

What role do entrepreneurs play in economics?

they create the busiensses that produce goods and services

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Entrepreneurship

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Questions 20

Answers

1
Which is not a part of a consumer profile?
demographics
psychographics
polygraphics
buying patterns
2
Reasons for failure include
not keeping adequate records
lack of management experience
poor location
all of these
3
If I am targeting people age 15-20 I am using
none of these
geographic segmentation
demographic segmentation
psychographic segmentation
4
What are the four parts of a SWOT analysis?
sales, work ethic, organization, and training
strengths, weaknesses, organization, and training
strengths, weaknesses, opportunities and threats
sales, work ethic, opportunities, and training
5
A person who takes a risk and starts a business is a(n)
accountant
entrepreneur
salesperson
manager
6
Which of the following is a fixed expense?
hourly wages of employees
insurance
gasoline for delivery truck
electricity
7
The main purpose of developing a business pitch is to
briefly share the important information about your business
provide an in depth description of how business was formed
tell investors all the important details of your business
determine whether the business idea's a business opportunity
8
The potential customers that you are trying to reach are known as your
market share
entrepreneurship market
sales market
target market
9
Which of the following is not necessarily a characteristic of successful entrepreneurs?
creativity and collaboration
comfort with risk
agressiveness and intensity
initiative and self-direction
10
Which is not true about an entrepreneur?
salary evaluated based on ability to complete tasks assigned
gets to act as his/her own boss
has ownership in the business
they are responsible for the success of their business
11
Money provided by large investors to finance new products and new businesses
long term financing
productive capital
venture capital
start up financing
12
The money needed to pay for current operating activities is
venture capital
short term financing
long term financing
start up financing
13
Which of the following is not considered a skill?
Business skills
Determination skills
People skills
Communication skills
14
An example of an asset is
supplies
money
all are assets
a delivery truck
15
Every business begins with
an invention
an idea
profit
a customer
16
Which of the following is a start up cost?
equipment
electric bill
Gas
cell phone bill
17
A ____ is an invention or creation that is brand new.
policy
venture
improvement
innovation
18
Which of these is an advantage of starting your own business?
during the startup phase you don't have to think about funds
there is little to no risk
as long as you make business plan you'll know what to expect
you have control over where and when you work
19
Who uses a business plan?
customers
auditors
banks
the IRS
20
What role do entrepreneurs play in economics?
they create the busiensses that produce goods and services
they manage businesses
they tell consumers what they need or want
they prevent risk

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