mod 1 Flashcards

1
Q

what is an entrepreneur?

A

– a person who recognizes an opportunity and organizes and manages a business, assuming the risk for the sake of potential return

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

who is willing to risk his/her time and money in order to start /run a business with the hope of earning profit in return.

A

an entrepreneur

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

what is an entrepreneur??

A

One who creates business
* In the face of risk and uncertainty
* For the purpose of achieving profit and growth
* By identifying opportunities
* And assembling the resources to capitalize on them

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Traits of an entrepreneur

A
  • Vision
  • Passion
  • Flexibility
  • Risk Tolerance
  • Persistence and resilience
  • Creativity/Innovation
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

types of entrepreneurship

A
  • Small business
  • Large company
  • Scalable startup
  • Social
  • Innovative
  • Hustler
  • Imitator
  • Researcher
  • Buyer
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

entrepreneurs who owns and manages his/her own business

A

small business entrepreneurs

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

small business entrepreneurs..

A

make profit to support their family and modest lifestyle

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

advantages of small business ownership

A

o Independence
o Financial gain
o Control
o Prestige
o Equity
o Opportunity

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q
A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly