Entrepreneurship

A person most likely to buy your product or service is your

• Client

• Target Customer

• Agent

• Mom

Money left after paying expenses is

• Profit

• Bills

• Revenue

• Expenses

To call attention to a product or service is

• Answering

• Illegal

• Advertising

• Done occasionally

A __________ is a tangible good, something you can touch.

• Customer

• Service

• Advertisment

• Product

Someone who invests in a new business is a __________.

• Venture Capitalist (shark)

• Bank

• Customer

• Accountant

A plan to promote a product or service is a __________.

• Advertisement

• Social Media Post

• Celebrity Endorsement

• Marketing Strategy

Expenses required to start a business are __________.

• Insurance

• Start-up Costs

• Rent

• Salaries

A business that does $10,000 in sales, and has $7,000 in expenses has a profit of?

• $17,000

• $10,000

• $7,000

• $3,000

Most start-up funding for new business will come from:

• A bank

• A personal savings account

• A shark

• A friend

If you offer someone 10% of your company in exchange for $100,000, you value your company at:

• $10,000

• $100,000

• 10%

• $1,000,000