Entrepreneurship Qualities
Specific, measurable, attainable, realistic, timely.
What are smart goals?
Description of the road map or course of action for a start-up business.
What is the business plan?
Rules of behavior based on ideas about what is right and wrong.
What is ethics?
Strengths, Weaknesses, Opportunities, and Threats
What is a SWOT analysis?
Using personal assets to start a business.
What is self-funding?
Problem-solving, leadership, time-management, passion, planning,
What skills should an entrepreneur posses?
Food, water, shelter vs. clothes, coffee, video games.
Set of general guidelines outlining the acceptable behavior from a company when dealing with customers, vendors, and fellow employees.
What is a code of ethics?
Specific group of customers that one is trying to reach through marketing.
What is a target market?
Entrepreneur takes out loans to finance a business venture.
What is debt funding?
The natural ability to do or learn something
What is aptitude?
Start-up capital and sources of funds.
What is the financial plan?
Using copyrighted information without giving credit to or obtaining permission from the author or creator.
What is plagiarism?
Activities, attitudes, and values of customers.
What are psychographic segmentation variables?
Money is given to a venture by the purchase of business stock.
What is venture capital funding?
Set of skills that enable people to identify and make the most of opportunities, overcome and learn from setbacks, and succeed in a variety of settings.
What is an entrepreneurial mindset?
Oligopoly, Monopoly, Monopolistic Competition, and Perfect Competition
What are the four market structures?
An organization has an obligation to society that goes beyond simply making money.
What is social responsibility?
Data that has already been collected by someone else.
What is secondary data?
Collection of small investments from a large number of individuals to finance a business. (Donations)
What is crowdfunding?
Having people skills.
What are interpersonal skills?
Governement determines what goods are produced, how much is produced, and the selling prices?
What is a command economy?
A form potential employees may be required to sign agreeing not to share company information with outsiders.
What is a confidentiality agreement?
Product, price, place, promotion
What is the marketing mix?
Amount of ownership a person has in a business.
What is equity?