Entrepreneurship

The act of assuming the risk of organizing productive resources to produce goods and services.

• business

• critical thinking

• entrepreneurship

• risk management

Business entity that is usually owned by multiple stockholders and operates as a separate legal entity.

• proprietorship

• partnership

• limited liability company

• corporation

What is an entrepreneur?

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

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

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

• None of these

Which is NOT a common characteristic of an entrepreneur?

• risk-taker

• creative

• organized

• irresponsible

An entrepreneur is someone who works for themselves.

• True

• False

ALL entrepreneurs have a college degree.

• True

• False

How do many people become millionaires?

• They save aggressively.

• They avoid debt.

• The invest their money.

• All of these

A target market is

• a group of investors willing to put capital into a business

• a generational group of individuals

• a group of consumers at which a product/service is aimed

• an industry willing to sell and market your product

Which type of business does this image represent? 

• Wholesale

• Retail

• Service

• Manufacturing

What are the four P's of marketing?

• product, produce, production, price

• person, place, produce, practice

• promotion, product, practice, price

• promotion, place, price, product