Entrepreneurship Flashcard

Entrepreneurship Flashcard

Assessment

Flashcard

Social Studies

KG

Easy

Created by

Wayground Content

Used 1+ times

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13 questions

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1.

FLASHCARD QUESTION

Front

What is one key characteristic of a successful entrepreneur?

Back

Determination

2.

FLASHCARD QUESTION

Front

Why do successful entrepreneurs often succeed?

Back

They adapt to change.

3.

FLASHCARD QUESTION

Front

Which of these is NOT a method of measuring business size?
Number of employees, Market share, Capital employed

Back

Number of computers

4.

FLASHCARD QUESTION

Front

What is one limitation of measuring business size using revenue?

Back

It ignores the workforce size.

5.

FLASHCARD QUESTION

Front

What is internal growth?

Back

Growth through the business's own operations

6.

FLASHCARD QUESTION

Front

Which of these is an example of external growth? Buying another company (acquisition), Increasing product production internally, Opening new branches independently

Back

Buying another company (acquisition)

7.

FLASHCARD QUESTION

Front

Name one benefit of external growth.

Back

Lower costs and faster expansion

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