Kasprick Unit 2 Test Flashcards
(25 cards)
Why is body language important
Shows you care
Can be trusted
Eye contact
Read signals other person is sending back
Why is it important to use clear business related communication
People need clear understanding on what is going on around them
Vital when interacting with people
Success depends on communication
How is positive thinking good
Positive about business believe in it don’t look at negative side of things think how far you’ve come.
How does culture affects individual belief systems
More business opportunities because cultures have different values
What business opportunities evolve from cultural diversity
Business that other cultures value for example Chinese food for Chinese people.
Recognize how entrepreneurial skills are applied in a variety of situations
Used in everyday life
What are the benefits of networking
Give an example of a networking tool
Interact with other people and exchange contacts
Social media
Differentiate between creative critical and lateral thinking skills
Critical thinking Making decisions problem solving Creative thinking New ideas Lateral thinking Thinking outside the box
What is the difference between an opportunity and an idea
O lucky breaks used to get ahead of competition have commercial potential
Ideas are generated by thinking creatively
What conditions create an opportunity
Problems Changes Inventions Competition Technological advances Unique knowledge
How do problems increase opportunities
Problems that your business could solve
What is the difference between an innovation and invention in business opportunities
Invention brand new idea
Innovation something to make existing product better
Why is timing important in opportunities
Timing doesn’t last forever you must enter a market when necessary
What are the criteria for accepting or rejecting an idea
Swot
What is sustainable developement and what opportunities does it create for an entrepreneur
Focus on economy
Environment
Social developement
What are methods of research
Define task Plan Info Analyze Enlarge Develop into report Predict outcomes Support worth of info judge Prepare written oral presentation
Why research
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
What resources are there for market research
Primary Qualitive Focus groups Quantitive Face to face telephone Secondary newspapers Yellow pages
Why develop a prototype what is a prototype
Allows you to test design
Others will take you more seriously
Model
Product concept
Trademark
15 years renewable
Gained by using mark or filing an application
Copyright
Exclusive right to sell literature
Art music software
Patent
Sole right to make use sell an invention for a set period of time
Sued if others use
Prevents others from using
What values do entrepreneurs need
They need to be positive persistent and believe in their product
What government legislation and insurance issues do businesses face
Property Health Theft fraud Liabilitys Workers compensation Life Dental Vehicle insurance
