Emtreprener Test 2 Flashcards
Stage where the entrepreneur removed himself from the business
Harvest stage
This environmental variables refers to trends such as inflation or recession and cost of food or housing
Economics
Individuals born in 1994 and after are part of this generation
igeneration
Life cycle of a business
Entrepreneurial process
Stage where business has become stable and can overcome most problems
Maturity
Large retail store that sells a wide variety of products
Big box stores
Describes the variety within a population, could refer to gender, age, racial background, nationality, etc
Diversity
Stage where a business is brought to life
Implementation
Refers to population statistics such as age, race, etc
Demographics
This trend relates to the popularity of devices such as cell phones
Personal technology
______ vehicles are powered by traditional gas engine and an electric moter, they are a more environmentally friendly option than regular vehicles
Hybrid
Broad name for the five categories of changes/trends that effect businesses
Environmental variables
Stage where business is expanding and overcoming obstacles
Growth (difficulty)
Other business that sells similar products and services as your business
Competition
Process of starting, organizing, managing, and assuming responsibility for a business
Entrepreneurship
