Introduction to Entrepreneurship

What is the process of creating, launching, and running a new business, often involving financial risk, with the goal of making a profit?

• Innovation

• Entrepreneurship

• Market Research

• Funding

Who is an individual that starts and runs a business, taking on most of the risks and responsibilities in order to make a profit?

• Investor

• Entrepreneur

• Manager

• Customer

What is a detailed document that outlines the objectives, strategies, financial projections, and operational plan of a business?

• Business Plan

• Market Research

• Innovation

• Funding

What is the process of gathering, analyzing, and interpreting information about a market, including potential customers and competitors?

• Risk-Taking

• Funding

• Market Research

• Target Market

What is the process of creating new ideas, products, or methods that provide value and help businesses differentiate themselves in the market?

• Entrepreneurship

• Innovation

• Risk-Taking

• Funding

What are the financial resources required to start and grow a business, which can come from personal savings, loans, investors, crowdfunding, or grants?

• Market Research

• Funding

• Business Plan

• Innovation

What is the willingness to take calculated risks in business, such as investing time, money, and resources in a new venture?

• Risk-Taking

• Innovation

• Entrepreneurship

• Market Research

What is a specific group of potential customers that a business aims to serve with its products or services?

• Business Plan

• Target Market

• Funding

• Innovation