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WorksheetsUnit 1 - 1
Total questions: 10
Worksheet time: 4mins
The economist who explained that economic
growth is started by entrepreneurs who produce goods
not only for personal profit but also for the good of everyone around them.
John Maynard Keynes
Elinor Ostrom
Joseph Schumpeter
Alfred Marshall
It is a self starter start up
small business
mainstream
growth
global
The following are the reasons why Start Up for Ken Singer is an act of rebellion, except?
Threatens the incumbents
It rejects existing insufficient concepts
Undermines competition
It uses market dominance
The selling of merchandise and certain services to consumers. It ordinarily involves the selling of individual units or small lots to large numbers of customers by a business set up for that specific purpose
Retailing
Wholesaling
Manufacturing
Services
An enterprise composed of a professional or team of experts that deliver work or aid in completing a task for the benefit of its customers.
Retailing
Wholesaling
Manufacturing
Services
the process of turning raw materials or parts into finished goods through the use of tools, human labor, machinery, and chemical processing.
Retailing
Wholesaling
Manufacturing
Services
The act of buying goods in bulk from a manufacturer at a discounted price and selling to a retailer for a higher price, for them to repackage and in turn resell in smaller quantities at an even higher price to consumers.
Retailing
Wholesaling
Manufacturing
Services
A person that takes initiative to bundle resources in innovative ways and is willing to bare the risk of uncertainty.
Entrepreneur
Innovator
Manufacturer
Retailer
A new business undertaking that involves risk
Mainstream
Venture
Global
Growth
An independently owned business that has the owner as a manager
Small business
Mainstream
Growth
Global
