104 Entrepreneurship II

What is the basic principle that governs a business's actions?

• Concept Development

• Business Ethics

• Market Opportunities

• Business Community

What does business planning involve?

• Sharing information

• Building communities

• Connecting with individuals

• Defining organization's goals

What are external resources in a business context?

• Potential customers

• Forms of electronic communications

• Special government organizations

• Suppliers of inputs from outside a business

What is the definition of a prospective customer?

• A supplier of goods

• An experienced worker

• A situation in which a product is wanted by consumers

• Any person or business with the potential to purchase a good

What is the possibility of loss or gain in a business context?

• Market Opportunities

• Risks

• Mentor

• Network

What are forms of electronic communications through which users build communities and share information?

• Vendor

• Social Media

• Resources

• Business Planning

Who can act as a guide to new employees in a business?

• Mentor

• Supplier

• Government Agencies

• Vendor

What is the situation in which a product or service is potentially wanted or needed by consumers?

• Business Community

• Mentor

• Concept Development

• Market Opportunities

What are businesses from which other businesses buy goods or services?

• Prospective Customers

• Vendors

• Suppliers

• External Resources

What is the term for connecting with individuals who might help accomplish personal, career, and professional goals?

• Risks

• Network

• Business Ethics

• Government Agencies