SETTING UP A BUSINESS

The Process of starting one's own business

• Entrepreneurship

• Venture

• Entrepreneur

What is an entrepreneur?

• A person who is in charge of a specific location.

• A person who organizes and operates a business or businesses.

• A person who works for someone else in order to learn skills.

• None of these

ALL entrepreneurs have a college degree.

• True

• False

Which of the following is a retail business?

• Barber

• Gardner

• Autobody Shop

• Car Dealer

A symbol or other design adopted by an organization to identify its products, uniform, vehicles, etc.

• Logo

• Trademark

• Copyright

• Slogan

A new or different product

• Harvesting

• Opportunity

• Innovation

• Risk

Which is NOT a common characteristic of an entrepreneur?

• Risk Taker

• Organized

• Creative

• Irresponsible

Tasks that businesses perform for consumers are known as ___.

• services

• resources

• goods

• fees

Farms, mines, and lumber companies are examples of

• builders

• Trade Industries

• Manufacturers

• Raw goods producers

A company that transforms cotton into wearable clothing is considered a

• Raw goods producer

• Service Business

• Manufacturers

• Builder