BUS 101 chapter 6 connect

9 October 2023
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question
What is a characteristic of successful entrepreneurs?
answer
Action-oriented
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A(n)____is a group of experiences professionals from different of business, within a company, who join together to develop. make, and market a new product
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entrepreneurial team
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Business owners who prefer to maintain their businesses at a manageable size are called:
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micropreneurs
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One of the challenges of running a home-bases business is:
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keeping work and family tasks separate
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A successful web-bases strategy that helps a business spread the word about its web site and products is called_____
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affiliate marketing
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A creative person within a corporation to launch new products and generate new profits is known as a(n)
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intrapreneur
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the us government's immigration act of 1990:
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encouraged entrepreneurs to come to the us through "investor visas"
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enterprise zones are specific geographic areas that:
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attract business investments by offering lower taxes and government support for development
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Business incubators are usually government-funded facilities intended to:
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offer startup firms low-cost office space and basic business services
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Successful entrepreneurs are self-nurturing. This means they:
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believe in themselves and their ideas
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effective entrepreneurial teams combine:
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creativity with marketing and production experience
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One reason we have seen continued growth in home-based businesses is:
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affordable computer and information technology makes it easier to compete
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Affiliate marketing is a web-based business strategy that:
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rewards individuals who are willing to link a company's website to their blog or social network page
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The Small Business Administration defines a small business as a firm that:
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is independently owned but not dominate in its industry
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A business's size is measure:
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in relation to other firms in its industry
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When comparing small businesses to their larger competitors, it is clear that:
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small firms often can offer more personalized customer services than big firms
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According to SBA guidelines, a manufacturing firm with 1,000 employees:
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may be classified as a small business depending upon the size of other firms in the industry
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Two key management functions that need particular attention when starting a business are:
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planning and financing
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A______ is a written document that details the business idea, the target market and the business's competitive advantage, financial resources available for the business, and the qualification of the management.
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business plan
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Bankers and potential investors are likely to read ____ first
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the executive summary
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____ are private individuals who invent their own money in potentially hot new companies before these firms become larger, publicly traded companies
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angel investors
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What government agencies is responsible for encouraging the development of small business?
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Small Business Administration
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What sources of investment is the least likely type available to entrepreneurs?
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venture capitalist
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The small business Administration's micro loan program awards loan to entrepreneurs bases primarily on their:
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integrity and sound business idea
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A small business investment company (SBIC) is a(n):
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private investment company that is licenses by the SBA to make loans to small businesses
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When seeking financial backing from a venture capitalist, a small business owner should realize that the venture capitalist will:
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expect an ownership stake in the company in exchange for financial backing
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What is an angel investor?
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invests his money in new businesses with potential for growth, hoping for a good return on his investment if they go public
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According to the US department of commerce, a _____ of small business export their goods
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small percentage
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The SBA's_____ program provides export financing opportunities for small businesses
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export express loan