Entreprenuer Quiz

A person who is willing to take a risk, usually a financial one, in the hunt for new business opportunities.

• General

• Officer

• Entrepreneur

• CEO

The benefits missed when choosing one option over another.

• Market Share

• Opportunity cost

• Marginal Benefit

• Feedback

Creating a supportive system of sharing information and resources with businesses with similar goals, interests, and clients.

• Market Sharing

• Ecosystem

• Funding

• Networking

Percentage of total market sale earned by a company over a specific time.

• Market share

• Opportunity Cost

• Market Segment

• Networking

The act or process of promoting your business to potential customers.

• Market Share

• Marketing

• Networking

• Running

What customers have to say after having an experience with a business.

• User Review

• Karen's

• Feedback

• Answers

is other businesses also making sales in a business’s competitive arena.

• Networking

• Friends

• Competition

• Allies

Self created benchmarks that should be high enough that you have to work for them but also not so high that there is no hope of making or reaching them.

• Profitability Goals

• Market Share

• Marketing

• Flyers

Describe Total Revenue vs Total Expenses.

Give an example of an advertisement you have seen for a business and where you saw it. (Examples: TV, Radio, Billboard).