Intro to Business 2/26/25

Entrepreneurship is accepting the risk of starting

and running a business.

• True

• False

A group of experienced people from
different areas of business who join to form a managerial team with
the skills to develop, make, and market a new product.

• Steve Jobs

• Entrepreneurial Teams

• Steve Wozniak

• Mike
  Markkula

Creative people who work as entrepreneurs within corporations.

• Entrepreneurship

• people

• Intrapreneurs

• Firms

Entrepreneurs willing to accept the risk of starting
and managing a business that remains small, lets them do the work
they want to do and offers them a balanced lifestyle.

• Home-Based

• Micropreneurs
  

• Men

• Women

Specific geographic areas to which governments
try to attract private business investment by offering lower taxes and
other government support.

• Enterprise zones

• Government

• Immigration Act

• rivate business

Incubators are centers that do not offer new businesses low-cost offices with
basic business services.

• True

• False

A business that is independently owned and
operated, is not dominant in its field of operation, and meets certain
standards of size (set by the Small Business Administration) in terms
of employees or annual receipts.

• Churches

• Forrester Research

• GDP

• Small business

A detailed written statement that describes the
nature of the business, the target market, the advantages the
business will have in relation to competition, and the resources and
qualifications of the owner(s).

• Marketing Plan

• Financial Plan

• Business Plan

• Strategic Plan

Venture capitalists are individuals or companies that invest in new
businesses in exchange for partial ownership of those businesses.

• True

• False

A U.S. government agency
that advises and assists small businesses by providing management
training and financial advice and loans.

• Community development financial institutions

• Angel investors

• Small Business Administration (SBA)
  

• Government agencies