Intro to Entrepreneurship

Elon Musk, a successful entrepreneur, is wildly regarded as successful. One unique characteristic that he possess is:

• Respectful & Calm

• Innovation and Disruption

• Quiet & Keeps to Himself

• Lacking in Knowledge & Education

An ____________ is someone employed by another for wages or salary, and typically in a position below the executive level.

An _________________ is a person who organizes who organizes, operates, and assumes the risk for a business venture.

What is Entrepreneurship?

• being an entrepreneur

• The stage of starting and running one’s own business

• The process of starting and running one’s own business

• The process of starting and running someone else's own business

Cost to produce an extra unit.

• Marginal Cost

• Marginal Benefit

Which type of entrepreneurship is based around enacting positive change through their initiatives?

• Small business

• scalable startup

• large company

• social entrepreneurship

intentional reduction in the size of a workforce at all staffing levels, to survive a downturn, improve efficiencies.

• Core Product

• Down Payment

• Downsizing

• Marginal Cost

A good faith deposit made by a buyer to underline his or her commitment to complete the deal.

• Down Payment

• Downsizing

• Marginal Benefit

• Marginal Cost

Which characteristic describes a successful entrepreneur?

• Lazy

• Rude

• Goal-oriented

• Happy

A group of buyers and sellers of a particular good or service

• market

• investors

• suppliers

• career