ESB Domain 1 Lesson 1

Entrepreneurs are willing to explore new opportunites and unknown _____.

• Risks

• Finances

• Opportunites

• Chances

When a business makes a purchase from another business, this transaction is called?

• CSS

• B2K

• B2B

• B2C

When a customer is making a purchase from a business, this transaction is called?

• CSS

• B2B

• B2K

• B2C

A product is a ________ item that you can hold, such as clothing, toys, and food.

• soild

• tangible

• intangible

• digital

Businesses sells ________ and ________.

(a)  

A (a)   is a business where the owners license their operations, products or services, branding, and knowledge for a license fee.

A franchise is a business that has established operations, products, or services, and branding. This business requires more money upfront and has less (a)   .

What sets small businesses owner apart from the entrepreneur?

• Entrepreneurs are not always interested in taking on new business opportunites.

• Small business owners' key objective is to generate profit.

• Small business owners are willing to take on risks.

• Entrepreneurs tend to have a passion for one business

Select the trait of an Entrepreneur.

• Empathy

• Charming

• Compassionate

• Understanding

• Positive Attiude

Select a trait of an entrepreneur

• Strength

• Patience

• Caring

• Kind