Entrepreneurship 1st Semester FINAL

Front

An entrepreneur is someone who identifies _______________, starts and grows a business and assumes the ______________ and rewards of the venture.

Back

an opportunity and risk

Front

Entrepreneurs try to create value, while managing ___________ resources in a changing, uncertain business environment.

Back

scarce

Front

When a business innovation dramatically changes the normal order of things, it is said to be:

Back

disruptive

Front

A Business Plan might also be called a

Back

roadmap and/or pitch deck

Front

During the 3rd stage of the entrepreneurial process, “Resourcing”, which of these is often helpful? Analyzing the market, margin, and mission, bootstrapping, writing a pitch deck, deciding whether to sell the company or not

Back

bootstrapping

Front

This stage of the entrepreneurial process is where you determine if your idea fills a void or gap in the marketplace, whether it meets a want or need:

Back

Discovery

Front

The primary differences between small business and entrepreneurship are in the areas of growth, __________, vision, and ___________.

Back

innovation and risk-taking

Front

A plumber, electrician, hairdresser, and landscaper are examples of:

Back

Small Business Entrepreneurship

Front

This type of entrepreneurship attracts those who are creative and motivated, always looking for new ideas and inventions.

Back

Innovative Entrepreneurship

Front

This type of entrepreneurship purchases existing businesses and uses their business experience and prowess to grow the businesses further.

Back

Buyer Entrepreneurship