Industries
This business does something.
Service Business
What is a sole proprietor?
One Owner or Private Ownership
What is entrepreneurship?
The process of creating, launching, and running a new business
What is a benefit of being an entrepreneur?
Control over your own work, high financial rewards, personal satisfaction
The collection of oil falls under what business?
Extracting business
Make something
This private ownership can have more than one owner.
Partnership
Who is an entrepreneur?
Someone who starts and manages their own business
Name one of the 8 habits that help entrepreneurs.
Visionary, early risers, scheduled, sleep, simplicity, journal, flexible, curious
Starbucks is what kind of business?
Service business or corporation
What business sells something?
Merchandising Business
What ownership is legally protected as a business entity?
LLC Corporation
What is the main challenge entrepreneurs face?
Financial risk
What is a perk about entrepreneur ship in the digital age?
Online businesses, social media marketing, and remote work
Christianos ownership is what?
Sole Proprietorship
What is it called when there is a combination of one company having two or more stages of production?
Vertical Integration
Corporations are owned by?
Several owners or stockholders
Social Entrepreneurs are?
Someone who focuses their business on solving social problems
What is the first step of the entrepreneurial process?
Identify an opportunity or problem
A company that has income taxes and legally have to keep more records is?
Corporation
What business collects something?
Extracting business
What is a corporation that can apply for "tax exempt" status?
Non-Profit Corporations
An entrepreneur who develops a new product or division within an existing company is?
Large Company Entrepreneur
Who said, "In a world that's changing so quickly, the biggest risk you can take is not taking any risk."?
Mark Zuckerberg
If I have a wholesale price of $30 what will the retail price be?
$45