An entrepreneur is someone who identifies _______________, starts and grows a business, and assumes the ______________ and rewards of the venture.
Entrepreneurship UNIT 1 (The Nature of Entrepreneurship)

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•
Business
•
10th Grade
•
Hard
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51 questions
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1.
FLASHCARD QUESTION
Front
Back
an opportunity and risk
2.
FLASHCARD QUESTION
Front
Entrepreneurism is a fluid and dynamic process, one where you need to: anticipate and adapt, refuse to react, predict and overlook, prepare and ignore
Back
anticipate and adapt
3.
FLASHCARD QUESTION
Front
Entrepreneurs try to create value, while managing ___________ resources in a changing, uncertain business environment.
Back
scarce
4.
FLASHCARD QUESTION
Front
When a business innovation dramatically changes the normal order of things, it is said to be:
Back
disruptive
5.
FLASHCARD QUESTION
Front
Being an entrepreneur is not only a career choice, but also a lifestyle that may offer some level of: stable income, certainty, broker fees, independence and flexibility
Back
independence and flexibility
6.
FLASHCARD QUESTION
Front
Entrepreneurship starts with and revolves around ________________.
Back
an opportunity
7.
FLASHCARD QUESTION
Front
What three things need to be analyzed during the Discovery stage of the entrepreneurial process to determine if an idea can become an opportunity?
Back
market, margin, mission
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