Entrepreneurs must know what to sell. What are the two things that businesses sell.
a PRODUCT and/or SERVICE
300
Who is the founder of Microsoft
Bill Gates
300
What is an advantage to starting your own business
being your own boss
making your own hours
determining your salary
no debt
no bad reputation
300
What is a risk?
a gain, loss, or failure; bankruptcy, investing, etc.
300
What term is used when entrepreneurs see problems that exist now and also look ahead to problems that may occur.
Sight and/foresight
400
What is a written proposal that describes your new business?
A Business Plan
400
Who created Facebook
Mark Zuckerberg
400
What is a way to become an entrepreneur
start a business
buy a business
take over a family business
400
What term is used to describe the amount of money one puts into a business
Capital
400
If we purchase supplies for $31.50 for our lemonade stand, sell 50 cups at $1.00 each, and end up with $18.50 left over. What is this referred to as?
profit
500
What is something an entrepreneur must know?
Any of the following:
*what to sell
*who will want to buy the product or pay for the service
*the law (for selling a product or service)
*the potential for selling the product or service
500
Who is the founder of Wal-Mart & Sam's Club
Sam Walton
500
What is an advantage to finding a target market
understanding who to sell to
producing a product/service that will sell
500
What term is referred to as the process of developing and promoting a product or service?
Marketing
500
Money spent upfront (before selling any products or services) is called