ESB POP FLASHCARD DOMAIN 1

Front

What would be B2B?

Back

Business to Business

Front

A corporation, partnership, or sole proprietorship that is privately owned by one individual or a small group of people. They commonly have fewer employees and revenue than larger-sized businesses.

Back

Small Business

Front

A business that takes its name and characteristics from an existing business chain.

Back

Franchise

Front

In general, what defines a small business? Options: non-profit, less than 1500 employees, no more than $200,000 in sales, Opening a single McDonald's store

Back

less than 1500 employees

Front

What would be B2C?

Back

motorcycle repair shop

Front

Successful entrepreneurs have mindsets that typically possess what characteristics? tenacious, responsible, adaptable, Nervous, shy, non talkative, Flexible, confident, negative, Stubborn, communicative, authoritative

Back

tenacious, responsible, adaptable

Front

Which one is the greatest benefits of being an entrepreneur? Options: quick return on investment, paying less on taxes, meeting new people, schedule control

Back

schedule control

Front

Which one of these is a characteristic of a successful entrepreneur mindset?
- doesn't give up easily
- makes friends quickly
- likes to argue
- lives in a dreamworld

Back

doesn't give up easily

Front

What is the greatest risk of being an entrepreneur? Options: loss of experience, damage to reputation, financial instability, no control over schedule

Back

financial instability

Front

What is the main difference between small business owners and entrepreneurs?

Back

Small business owners are not always interested in taking on new business opportunities.