Introduction to Entrepreneurship

Which of the following is not an example of a service career?

• car

• dentist

• doctor

• mortician

Barter is __________.

• the exchange of goods.

• the exchange of goods and services for money.

• the exchange of goods and services without the use of money.

• the exchange of services.

The main aim of a business is to make a __________.

• customer

• debt

• loss

• profit

A person who sells goods in large bulks are best described as __________.

• customers

• producers

• retailers

• wholesalers

A person who sells goods to the public in smaller units for use is best described as a __________.

• customer

• producer

• retailer

• wholesaler

__________ is the excess money a business makes.

• cash

• profit

• prophet

• savings

There are __________ types of entrepreneurial businesses.

• eight

• five

• four

• three

What do we call a person who is willing to take the risks of starting a business in order to make a profit?

• Proprieter
• Partner
• Entrepreneur
• Incorporater

Business that buys goods, often from wholesalers, and resells the goods in small quantities directly to consumers. Also referred to as a retailing business.

• Wholesaler

• Manufacturer

• Retailer

• Franchise

An entrepreneur must know...

• Only the parts of the business they like
• No parts of the business management
• all parts of business:  finance, marketing, etc.