Kasprick Unit 2 Test Flashcards

0
Q

Why is body language important

A

Shows you care
Can be trusted
Eye contact
Read signals other person is sending back

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1
Q

Why is it important to use clear business related communication

A

People need clear understanding on what is going on around them
Vital when interacting with people
Success depends on communication

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2
Q

How is positive thinking good

A

Positive about business believe in it don’t look at negative side of things think how far you’ve come.

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3
Q

How does culture affects individual belief systems

A

More business opportunities because cultures have different values

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4
Q

What business opportunities evolve from cultural diversity

A

Business that other cultures value for example Chinese food for Chinese people.

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5
Q

Recognize how entrepreneurial skills are applied in a variety of situations

A

Used in everyday life

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6
Q

What are the benefits of networking

Give an example of a networking tool

A

Interact with other people and exchange contacts

Social media

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7
Q

Differentiate between creative critical and lateral thinking skills

A
Critical thinking
Making decisions problem solving
Creative thinking
New ideas
Lateral thinking
Thinking outside the box
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8
Q

What is the difference between an opportunity and an idea

A

O lucky breaks used to get ahead of competition have commercial potential
Ideas are generated by thinking creatively

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9
Q

What conditions create an opportunity

A
Problems
Changes
Inventions 
Competition
Technological advances
Unique knowledge
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10
Q

How do problems increase opportunities

A

Problems that your business could solve

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11
Q

What is the difference between an innovation and invention in business opportunities

A

Invention brand new idea

Innovation something to make existing product better

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12
Q

Why is timing important in opportunities

A

Timing doesn’t last forever you must enter a market when necessary

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13
Q

What are the criteria for accepting or rejecting an idea

A

Swot

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14
Q

What is sustainable developement and what opportunities does it create for an entrepreneur

A

Focus on economy
Environment
Social developement

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15
Q

What are methods of research

A
Define task
Plan
Info
Analyze 
Enlarge
Develop into report
Predict outcomes
Support worth of info judge
Prepare written oral presentation
16
Q

Why research

A

Does the market make sense
Is it ecologically sound
Is it practical for you to play in this market
Are people already looking for this stuff

17
Q

What resources are there for market research

A
Primary
Qualitive 
Focus groups
Quantitive 
Face to face telephone
Secondary newspapers
Yellow pages
18
Q

Why develop a prototype what is a prototype

A

Allows you to test design
Others will take you more seriously
Model
Product concept

19
Q

Trademark

A

15 years renewable

Gained by using mark or filing an application

20
Q

Copyright

A

Exclusive right to sell literature

Art music software

21
Q

Patent

A

Sole right to make use sell an invention for a set period of time
Sued if others use
Prevents others from using

22
Q

What values do entrepreneurs need

A

They need to be positive persistent and believe in their product

23
Q

What government legislation and insurance issues do businesses face

A
Property
Health
Theft fraud
Liabilitys
Workers compensation
Life 
Dental
Vehicle insurance
24
Q

Sustainable developement

A

Focus on economy
Environment
Social developement