Entrepreneurship

What is an entrepreneur?

• Someone who is a manager of a business
• Someone who owns and runs a business
• Someone who is a sales person
• Someone who takes risks

Which is NOT a reason a business closes

• Bad customer service
• Competition
• Good service
• Putting the business in a location hard to find

Which is a disadvantage to being an entrepreneur

• Good income
• Job satisfaction
• Work long hours
• You are the boss

John wants to open a store selling CD players. Do you think he will be successful?

• Yes any time you open a business is good
• No the product he wants to sell is not popular
• Yes selling CD can be good

John opens his hamburger stand he was doing good until McDonald's opened next door. He is a victim of

• Advertising
• Competition
• Entrepreneurship
• Bad customer service

What is the rate that businesses fail

• Half fail withing 4 years
• All fail withing 4 years
• 1/3 fail in 4 years
• Most fail in 90 days

Your employee is on their cell phone while on the register with customers in her line. What reason could you fire her?

• Bad customer service
• Bad attitude
• Rude disrespectful
• Money short

A business that legally operates apart from its owners

• Sole proprietorship
• Corporation
• Partnership
• Entrepreneur

A business owned by two or more people

• Partnership
• Sole Proprietorship
• Corporation
• Franchise

A business owned by one person

• Partnership
• Corporation
• Sole proprietorship
• Franchise