Entrepreneurial Definitions
This term describes the process of creating and running a new business, often taking financial risks.
What is entrepreneurship?
This type of business sells products directly to consumers.
What is retail?
This trait refers to an entrepreneur's ability to work and make decisions on their own.
What is independence?
This term refers to the value of the next best alternative given up when making a choice.
What is opportunity cost?
This "C" refers to a team member's dedication to the team's goals and objectives.
What is commitment?
This person starts and operates their own business, taking on financial risks for potential profit.
What is an entrepreneur?
Businesses that sell products in large quantities to other businesses fall under this category.
What is wholesale?
An entrepreneur's belief in themselves and their abilities is known as this.
What is confidence?
This 6-step model begins with clearly identifying what needs to be solved.
What is the problem solving Model?
The willingness to work well with others is known as this "C" in team membership.
What is cooperation?
This type of employee takes on entrepreneurial activities within an existing company.
What is an intrapreneur?
Companies that create products from raw materials or components belong to this business type.
What is manufacuring?
This trait describes an entrepreneur's focus on achieving specific objectives.
What is goal-oriented?
This step in the problem-solving model involves collecting relevant data and details about the issue.
What is gathering information?
The willingness to work well with others is known as this "C" in team membership.
What is compotency?
This term refers to a person who works for another person or company in exchange for wages or salary.
Who is an employee?
Farms, orchards, and livestock operations fall under this category of business.
What is agricultural?
The willingness to keep trying despite obstacles is known as this trait.
What is perserverance or determination?
Assessing the pros and cons of each potential solution is this step in problem-solving.
What is evaluating alternatives?
This "C" describes a team member's ability to think of new ideas and solutions.
What is creativity?
These two types of entrepreneurs do the following
1. This entrepreneur is trying to save the earth. Everyhing they do in terms of what they sell is promoting the health of our planet
2. This entrepreneur is trying to solve some of the world's toughest social problems.
What is green and social entrereneurship?
This type of business majors in taking natural resources out of the ground or maybe even finding gold.
What is mining and extracting?
An entrepreneur's skill in building and maintaining professional relationships is referred to as this.
What is a master networker?
This term refers to a person's natural ability or talent for a particular skill or activity.
What is aptitude?
The skill of sharing information and ideas clearly with team members is this "C".
What is communication?