Entrepreneurship Knowledge Flashcard

Front

What is the purpose of a framework in entrepreneurship?

Back

To guide steps and connect goals with background

Front

What does “harvesting” mean in entrepreneurship?

Back

Exiting, selling, or reinvesting in new ideas

Front

What is the FIRST step in the Entrepreneurial Journey?

Back

Recognizing an idea or opportunity

Front

Which of these companies got venture capital funding? A lemonade stand, Uber, A local grocery store, None of the above

Back

Uber

Front

GDP is best described as…

Back

The total value of goods + services a country produces in a year

Front

Which pathway involves starting a business out of survival needs?

Back

Necessity

Front

What does GEI stand for?

Back

Global Entrepreneurship Index

Front

During which era did large-scale factories dominate entrepreneurship?

Back

Industrial era

Front

What does a high GEI score mean?

Back

New businesses have a better chance to succeed

Front

What is the FINAL step in the Entrepreneurial Journey?

Back

Harvesting