7-1 Entrepreneurial Process Part 2 Flashcard Business U

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What is an analogy?

Back

A comparison using metaphors or similes

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What does a business plan provide?

Back

A roadmap of business objectives and strategies

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What is circumstantial discovery based on?

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Specific knowledge of time, place, or circumstance

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What is an elevator pitch?

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A short description of an idea for quick understanding.

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What does entrepreneurial discovery involve?

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Systematically scanning for changes to discover new opportunities

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What is the purpose of reverse engineering?

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To examine a product in detail to produce something similar

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What is scientific discovery?

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A successful inquiry and investigation of natural phenomena.

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What is a slogan used for?

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Promoting a product's features and benefits

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What is a tagline?

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A phrase describing the essence of a company.

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Which of the following is NOT a part of the glossary? Analogy, Business Plan, Elevator Pitch, Financial Report

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Financial Report