NSTP Flashcards
He is an entrepreneur within an existing organization, referred to as the corporate entrepreneur
Entrepreneur
Includes all agents, repairmen, brokers, accountants, and physicians who operate alone or with only few employees and perform work personally
Solo Self-Employed Individual
Include highly knowledgeable businessmen engaged in various forms of trades frequently, directly or indirectly related to their line of work.
Dealers to Dealers
Individuals who go on building larger companies using hiring and delegation
Team Builders
Include persons who hit upon ideas for better products or services and then create companies to develop, produce and sell these products.
Independent Innovators
Entrepreneurs who spot an effective business patterns quite possibly originated by someone else, and multiply it to realize profits.
Partner Multipliers
Entrepreneurs who locate their business in lower rent and tax areas
Economy of Scale Exploiters
Smart entrepreneurs who use their experience and expertise in pooling a group of financiers to engage in a business
Capital Aggregators
Entrepreneurs who acquire businesses
Acquirers
They include pure inventors who really developed their own product or invention and take care of marketing them.
Independent Investors
They include wise guys referred to as corporate raiders and brokers who turn around, sell and liquidate.
Buy and Sell Artists
It is simply something an entrepreneur has already conceptualized or imagined, painting a more or less clear picture in his mind, giving him a clear plan of action.
In other words, an idea is a clear blueprint in the entrepreneur’s mind.
Idea
are the basic inputs that the entrepreneur uses to come up with his
raw materials
refers to the buildings, machinery, equipment and tools used in the course of production.
capital
The place where all of these physical factors are found is generally called a _
Plant
Having all these things allows the entrepreneur to have what he calls a
business enterprises
When these inputs are transformed into outputs or what we call as?
finished products