There are seven characteristics of entrepreneurs.

Employees are people who work for other people.

Entrepreneurs know what they want and are focused on achieving it.

Entrepreneurs should not set high standards because they are mediocre people.

Customers are not drawn to high standards.

Entrepreneurs should take a long time to make sound decisions.

Entrepreneurs should be able to make sound decisions quickly.

As an entrepreneur, you should be able to keep up with technology.

People show characteristics of an entrepreneur at an early age.

There are nine characteristics of entrepreneurs.

Independent entrepreneurs make their own decisions.

Entrepreneurs are Creative.

Entrepreneurs never bounce back from bad decisions they make.

A business that is started by legally using someone else's ideas and processes is known as a

Which of the following are considered benefits to starting your own business?
(Select all that apply)

One advantage of a sole proprietorship is that one person makes all the decisions.

A restaurant is an example of which of the following kinds of businesses?

A law firm is an example of which kind of business?

A limited liability corporation does not pay taxes.

The sole proprietor will assume all the risk and all the rewards for the business.

One risk of starting your own business is losing your initial investment.

One risk of starting your own business is being your own boss.

The second step in the marketing research process is to—

Select all of the items that are considered a need.

Determining the price to charge for a product is a balance between which of the following: (Select two)

The "S"in SWOT analysis stands for—

There are both direct and indirect competitors in the business environment.

Competition in the free enterprise system can be good for consumers.

Wants and needs are only satisfied by services.

A new cell phone is an example of a need.