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Entrepreneur & Business Review

Total questions: 9

Worksheet time: 5mins

Name
Class
Date
1.

What is the definition of a Business?

a)

A company or organization that sells products or provides services to customers.

b)

A system in which people buy and sell goods, services, and resources.

c)

The more people demand the more business will supply.

d)

Someone who starts a business with the intention of earning a profit.

2.

What is the definition of a Market?

a)

A company or organization that sells products or provides services to customers.

b)

A system in which people buy and sell goods, services, and resources.

c)

The more people demand the more business will supply.

d)

Someone who starts a business with the intention of earning a profit.

3.

Describe Supply and Demand in Business?

a)

A company or organization that sells products or provides services to customers.

b)

A system in which people buy and sell goods, services, and resources.

c)

The more people demand the more business will supply.

d)

Someone who starts a business with the intention of earning a profit.

4.

What is an Entrepreneur?

a)

A company or organization that sells products or provides services to customers.

b)

A system in which people buy and sell goods, services, and resources.

c)

The more people demand the more business will supply.

d)

Someone who starts a business with the intention of earning a profit.

5.

What is a Product?

a)

A physical item created to be used, such as a car, or phone.

b)

Something useful offered like cell phone service or haircut

c)

A presentation to explain a business idea.

d)

A brief visual presentation that shows the critical details of business products or services.

6.

What is a Service?

a)

A physical item created to be used, such as a car, or phone.

b)

Something useful offered like cell phone service or haircut

c)

A presentation to explain a business idea.

d)

A brief visual presentation that shows the critical details of business products or services.

7.

What is an Elevator Business Pitch?

a)

A physical item created to be used, such as a car, or phone.

b)

Something useful offered like cell phone service or haircut

c)

A presentation to explain a business idea to an investor.

d)

A written paper that shows the critical details of business products or services.

8.

The best businesses fit a need or want of customers.

a)

True

b)

False

9.

Click all the reasons why a single person would want to be an entrepreneur?

a)

Make your own rules

b)

Do something you enjoy

c)

Financial Reward

d)

Helping your community