Entrepreneurship

Front

Entrepreneurship

Back

To develop, organize and manage a business venture with risks in order to make a profit.

Front

What are the two types of business ventures?

Back

a product or service

Front

How do we define a product in business?

Back

Something that exists in nature or made by humans that is tangible.

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Service (by business standards)

Back

Work that requires expertise and is done in exchange for money.

Front

What are four types of businesses?

Back

Service, retail, wholesale, and manufacturing

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Return on Investment (ROI)

Back

Measures the gain or loss generated on an investment relative to the amount of money invested.

Front

What are the four P's of marketing?

Back

promotion, place, price, product

Front

Innovation

Back

the process of translating an idea or invention into a good or service that creates value. it further satisfies the needs of customers.

Front

Which statement is not a persuasive strategy? Options: Appeal to the audience's emotion, Share stories, Tell jokes, State evidence facts and examples

Back

Tell jokes

Front

What are two characteristics of an entrepreneur?

Back

risk taker and innovative