ENTREP REVIEWER

It is one who is willing to bear the risk of a new venture if there is a significant chance for profit.

• Entrepreneur

• Entrepreneurship

• Innovator

• Innovation

Others emphasize the entrepreneur's role as an _________ who markets his innovation.

• Entrepreneur

• Entrepreneurship

• Innovator

• Innovation

He focused on how the entrepreneur's drive for innovation and improvement creates upheaval and change.

• Joseph Schumpeter

• Peter Drucker

• Joseph Drucker

• Peter Schumpeter

He describes the entrepreneur as someone who searches for change, responds to it, and exploits change as an opportunity.

• Joseph Schumpeter

• Peter Drucker

• Joseph Drucker

• Peter Schumpeter

Schumpeter viewed entrepreneurship as a force of "____________________."

• Creative Destruction

• Creative Function

• Innovative Destruction

• Innovative Function

Most economists today agree that entrepreneurship is a necessary ingredient for stimulating ___________ and ___________ in all societies.

• Economic Growth

• Employment Opportunities

• Business

• Resources

The spark that drives the development of new products or services, or ways to do business. It is the push for innovation and improvement.

• Creativity

• Determination

• Passion

• Flexibility

It is what motivates the entrepreneur to work hard.

• Dedication

• Determination

• Self-Confidence

• Passion

It is the extremely strong desire to achieve success. It includes persistence and the ability to bounce back after rough times. Money is not the motivation. Success is the motivator; money is the reward.

• Determination

• Creativity

• Flexibility

• Dedication

It is the ability to move quickly in response to changing market needs. It is being true to a dream while also being mindful of market realities.

• Flexibility

• Self-Confidence

• Leadership

• Creativity