Entrepreneur Flashcards
“ having _______ from bearing uncertainty and risk”
PROFITS
“ _______ bearing coordination of productive resources”
UNCERTAINTY
“_______ activity to initiate and develop a profit-oriented business”
PURPOSEFUL
“ taking ______ risk”
MODERATE
“It is a kind of _______ ”
BEHAVIOR
”decision and judgments about the coordination of _____ resources”
SCARCE
“ the process of creating _______ wealth”
INCREMENTAL
“ creation of new ________”
ORGANIZATIONS
“ ________ of creating something new”
PROCESS
“ pursuit of ________ without regard to resources currently controlled”
OPPORTUNITY
“ ______ process of vision, change, creation”
DYNAMIC
- “ _______ an opportunity to offer new or improved goods and services”
CONCEIVING
“ its foundation lies in _______ and theory rather than in intuition
CONCEPT
“ carrying out new ________ of firm organization”
COMBINATIONS
- “ introductions of innovation and provision of _______”
CAPITAL
SME’s account for developed countries
50%
- one of entrepreneurship’s mechanism that focuses on the whole process of the
business
OPERATIONS
- mechanism in entrepreneurship that focus on product and service selling
SALES
part of entrepreneurship’s mechanism that involves in promoting the institution’s
product and services
MARKETING
- the earliest form of entrepreneurship
BARTER SYSTEM
- it is seen as one of the key engines of economic growth
ENTREPRENEURSHIP
- it is perceived to be the symbol of business innovation determination
perseverance and achievement
ENTREPRENEURSHIP
foundation and catalyst for economic growth and innovation
ENTREPRENEURSHIP
are concrete manifestations of
entrepreneurship
SMALL AND MEDIUM ENTERPRISES (SME’s)
