Chapter 6 example #46662

Entrepreneurship is:

Which of the following explains why individuals accept the risk of business ownership?

Which of the following best describes entrepreneurial personality traits?

An entrepreneurial team consists of:

Business owners who prefer to maintain their businesses at a manageable size are called:

One of the challenges of running a home-based business is:

A successful web-based strategy that helps a business spread the word about its website and products is called:

A creative person working within a corporation to launch new products and generate new profits is known as an:

Enterprise zones are specifics geographic areas that:

Business incubators are usually government-funded facilities intended to:

Successful entrepreneurs are self-nurturing. This means they:

Which of the following statements is characteristics of entrepreneurs?

One reason we have seen continued growth in home-based businesses is:

Affiliate marketing is a web-based strategy that:

Which of the following best describes the difference between an intrapreneur and an entrepreneur?

Intrapreneurs make use of __________ to develop and launch new products and generate new profits.

State and city governemnts have promoted facilities where new businesses can open up shop and share common services such as secretarial, accounting, and legal services. Due to their remarkable success rate, ________ continue to grow in popularity.

Kyra recently quit a job with a large corporation to start her own business. While she realizes that her decision comes with risk, she is excited at the chance to be independent and by the challenges of running her own firm. Kyra is an example of a(n):

Southwest College received a government grant to establish a business incubator. This facility will offer:

Yesterday, on Facebook, one of Sarah's friends suggested that she spread the word about Mia Bella Boutique, an online company that designs hats and shoes. If Sarah's efforts generate 25 more people to spread the word, Sarah will receive 30% off her order. Mia Bella is utilizing _____________, an effective strategy for increasing awareness and market share for web-based businesses.

Pete inherited a thriving dry cleaning business from his father and mother. He continued the tradition of offering quality service to the customers he served. As the surrounding towns expanded, several people suggested that Pete expand the business to offer service in new locations. He chose to maintain only one operation, so as not to lose control and to keep his work life and home life balanced.

The Small Business Administration defines a small business as a firm that:

Small businesses create about ________ percent of the new jobs in the Untied States.

A business's size is measured:

When comparing small businesses to their larger competitors, it is clear that:

Which of the following in not a reason stated for small business failure?

Which of the following will not help your small business succeed?

According to SBA guidelines, a manufacturing firm with 1,000 employees:

Which of the following statements accurately depicts an advantage that small business has over big business?

Jayne started a small bakery in a resort town. She was certain she had the ideal location, with plenty of hotels and inns within walking distance of her establishment. She planned to use her grandmother's recipes, using only the finest ingredients for her upscale resort customers. During the first week of business, she was disappointed with lackluster sales. When she drove past the regular breakfast-style restaurants and even the Starbucks, she noticed they were rather bustling. Jayne most likely:

One way to get into business is to buy an existing company. The value of the business used to determine a fair purchase price is based on:

For prospective entrepreneurs, enrolling in an Introduction to Business or Small Business Management course offered through their community college:

Successful small business owners are:

When starting a small business, it's important to remember:

Two key management functions that need particular attention when starting a business are:

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.

The business plan will include ____________.

Bankers and potential investors are likely to read ___________ first.

After personal savings, the next largest source of capital for entrepreneurs is from:

________ are private individuals who invest their own money in potentially hot new companies before these firms become larger, publicly traded companies.

A firm or individual providing financial capital to small businesses in exchange for an ownership stake in the company is called a(n):

Which of the following government agencies is responsible for encouraging the development of small business?

A ________ refers to people with unsatisfied wants and needs who are willing and able to buy a product or service.

Small businesses must seek advice from outside experts. In order to put together official documents such as leases, contracts, and partnership agreements, it is important to seek the advice of __________.

The Small Business Administration sponsors volunteers from industry, trade associations, and education who offer advice to small business owners. These volunteers are called:

Entrepreneurs applying for a bank loan should realize that bankers will:

A market consists of potential buyers of a good or service. However, for a market to exist: