IBT Entrepreneurship

People who start their own business and work for themselves.

• entrepreneurs

• employees

• employers

• managers

What is a business owned by only one person?

• franchise

• partnership

• corporation

• sole proprietorship

What is based on identifying a business' internal strengths and weaknesses and external opportunities and threats?

• SWOT analysis

• persuasiveness

• business plan

• franchise

What is the strategy for beating the competition?

• franchise

• business plan

• SWOT analysis

• competitive advantage

What is the buying and selling of products and services to make a profit?

• corporation

• partnership

• business

• sole proprietorship

What is the refusal to quit?

• persuasiveness

• perseverance

• drive

• adaptability

In a SWOT analysis, these are lucky breaks or creative advantages you can use to get ahead of the competition.

• opportunities

• threats

• strengths

• weaknesses

In a SWOT analysis, there are anything that might be bad for the business.

• opportunities

• threats

• strengths

• weaknesses

This is a company that is registered by a state and operates apart from its owners.

• sole proprietorship

• partnership

• franchise

• corporation

What is the money a company has left after expenses and taxes have been paid?

• competitive advantage

• opportunity

• profit

• business