Show:
The Basics
The Market
The Skills
The Extra
100
Entrepreneurs see problems as these
What are opportunities
100
A specific group of consumers that a business has chosen to aim their marketing efforts at
What is a target market
100
Communication and teamwork were two skills needed to complete this activity
What is the human knot
100
When looking at the role of entrepreneurs, this person improves existing products, processes, or services
What is the innovator
200
The solutions to the problems that entrepreneurs see are these
What are ideas
200
In regards to supply and demand, how would the wants of consumers change during a recession?
What is supply high, demand low
200
Three characteristics of successful entrepreneurs
What are self-confident, perceptive, hard-working, motivated, resourceful, able to manage risk, creative, goal-oriented, optimistic, flexible, independent, visionary, able to get along with others
200
New ways of doing old things is classified as this form of an idea
What is a new method
300
How much the supply is desired
What is demand
300
A distinct characteristic that makes your product or service more appealing than your competitor's
What is competitive advantage
300
Entrepreneurs are known to have the critical characteristics of having a large ego. This syndrome could arise from having a large ego.
What is tunnel vision syndrome
300
The first windshield wiper would be classified as this form of an idea
What is an invention
400
How much of the good or service is available to consumers
What is supply
400
A distinct segment of a market
What is a niche
400
The skills required to communicate with, motivate, and encourage others.
What are interpersonal skills
400
This entrepreneurial role implements the plan to achieve the goals
What is the Administrator
500
A distinct segment of a market based on the wealth and resources of that market
What is an economic niche
500
Being able to market your ideas is one of many that a successful entrepreneur should have
What are entrepreneurial skills
500
Instead of learning skills, entrepreneurs can do this
What is hire talented, enterprising people with the skills that they are lacking
500
Two sources of opportunities
What are growing and evolving economies, niches/economic niches, technological change, social change, demographic change, political change (ex. wars), shortages, surpluses, price response, shifts in demand