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WorksheetsEntrepreneurship and Small Business
Total questions: 14
Worksheet time: 8mins
In General, which 2 characteristics define a "small business"? (Choose 2)
No more than $200,000 in sales
Fewer than 1500 employees
Less than $35.5 Million revenue
Non-Profit
Between 500 and 2500 employees
Rachel owns a summer camp for children. Based on a survey she gave to parents, she learned that her customers want their children to have a healthy lifestyle. What is a legitimate value proposition for potential customers?
A Providing flexible hours for picking up and dropping off the children
Sending parents daily photographs of the children’s activities
Serving fresh, organic meals and nutritious snacks
Offering discounts during different times of the year
Determining if the potential customer can afford your product is part of prospecting.
True
False
Shauna works at a restaurant. She wants to own her own restaurant someday. Which is one of GREATEST risks of entrepreneurship?
Less freedom
Less challenges
Loss of investment
Loss of flexibility in schedule
Paid form of ideas, goods and services are called _____
publicity
goodwill
public relation
advertisement
Startup
A new venture trying to discover a profitable business for success.
the process of starting, organizing, managing, and assuming the responsibility for a business
What entrepreneurs might gain when starting a business, including money, personal satisfaction, independence, or positive impact on the economy or community
Entrepreneurs who guide and support their employees to grow the business and be a role model for others are
A leader
A risk taker
Creative
Ambitious
The business space has a limited capacity to entertain many customers at the same time.
Strength
Weaknesses
Opportunities
Threats
Which investment is considered for deciding the status of manufacturing enterprises?
Working Capital
Building and land
plant and machinery
salary of employees
Which benefit allows entrepreneurs to work the long hours necessary to make a new venture successful?
Ability to do work directed by someone else
Ability to take unlimited vacation time
Ability to earn overtime
Doing work they are passionate about
Sama takes orders going door to door and does tailoring work for women's daily work wear.Sama is a
Wage Employee
Entrepreneur
Money invested in purchasing of raw materials payment of wages and salaries,rental,electricity etc comes under
working capital
fixed capital
long term capital
capital income
