All About Entre
People who work for someone else.
What is employees?
An evaluation of your strengths and weaknesses.
What is self-assessment?
Possibilities that arise from existing conditions.
What is opportunities?
Things you must have in order to survive.
What are needs?
Occurs when peoples needs and wants are unlimited and the resources are limited.
What is scarcity?
Name one business that is considered a retail business.
What is Walmart, Target, etc.?
The ability to learn a particular kind of job.
What is aptitude?
Thoughts or concepts that come from creative thinking.
What is ideas?
Things you think you must have in order to be satisfied.
What are wants?
The quantity of a good or service a producer is willing to produce at different prices.
What is supply?
People who own, operate, and take the risk of a business venture.
What is entrepreneur?
Name 2 advantages of entrepreneurship.
What is being your own boss, choosing a business that interest you, being creative, and can make large sums of money?
A creative problem-solving technique that involves generating a large number of fresh ideas.
What is brainstorming?
Means through which goods and services are produced.
What are economic resources?
The value of the next-best alternative.
What is opportunity cost?
Name the 4 types of businesses.
What is manufacturing, wholesaling, retailing, and service?
Name 3 characteristics of a successful entrepreneur.
What is independent, self-confident, determination and perseverance, goal-oriented, creative, able to act quickly, keep up to date with technology, and need to achieve and set high standards for themselves?
Special meetings where companies of the same industry or related industries display their products.
What are trade shows?
The difference between the revenues earned by a business and the cost of operating the business.
What is profit?
The process of choosing which needs and wants, among several, you will satisfy using the resources you have.
What is economic decision making?
The process of running a business of one's own.
What is entrepreneurship?
Name 2 disadvantages of entrepreneurship.
What is taking a risk, facing uncertain and irregular incomes, work long hours, and make all businesses decisions alone?
Helps people solve problems in a logical manner.
What is problem-solving model?
The private ownership of resources by individuals rather than by the government.
What is capitalism?
Costs that must be paid regardless of how much of a good or service is produced.
What are fixed costs?