Revision Y8

•An entrepreneur: (Choose the incorrect one)

• •Identifies a need or gap in the market

• •Comes up with innovative/ creative ideas to satisfy the specific need

• •Leads their company/ organization

• Assumes no responsibility for the execution, success or failure of their businesses

Characteristics of a Successful Entrepreneur...(choose the incorrect one)

• Innivative

• passionate

• lazy

• productive

starts up their idea or venture based on a sport, hobby or pastime they are passionate about.

• business Entrepreneur

• serial Entrepreneur

• lifestyle Entrepreneur

• social Entrepreneur

Has many ideas and constantly starts up new companies or enterprises to implement those ideas.

• Serial Entrepreneur

• Lifestyle Entrepreneur

• Business Entrepreneur

• Social Entrepreneur

Physical products that can be seen or touched.

• Services

• Goods

• Entrepreneur

• Lifestyle

A SWOT analysis stands for...

• Strengths

  weaknesses

  threats

  Opportunities

• Strengths

  weaknesses

  threats

  opposite

• Setup

  weaknesses

  threats

  Opportunities

• Strengths

  work

  threats

  Opportunities

The income earned by a business over a period of time, eg one month.

• Loss

• Salary

• Revenue

• Profit

Costs that stay the same even if more is produced. Like Office rent.

• Variable cost

• start-up cost

• Cost of sales

• Fixed cost

About passing messages between people or organizations.

• Revenue

• Productivity

• Motivation

• Communication

A summary of you who you are and what you have done and can include the following: your working experience, academic background

• Curriculum Vitamin

• Curriculum Vitae

• Cover letter

• Interview