Types of Business
True or False: Ben and Jerry's is an example of a co-operative.
What is False.
True or False: The word Entrepreneur comes from the French word “entrepredre” which means “thrill seeker."
What is False.
True or False: An example of a being solopreneur is starting a lawn mowing business.
What is True.
True or False: Small businesses are good for the environment as they often carry locally produced products and implement sustainable practices.
What is True.
Apple, Microsoft and Amazon are all examples of this type of business.
What is a corporation.
Taking a pre-existing good or service and changing it in a way that makes it more suited for the market is known as an...
What is innovation.
A business with less than 500 employees such as The Moving Guys or Angela's Bridal is what type of entrepreneurship?
What is a small business.
Name one challenge for a young entrepreneur.
What is finance, lack of knowledge, stereotypes, finding customers.
This type of business is jointly owned by members who use the products and services.
What is a co-operative.
The creation of new jobs leads to the creation of further new jobs because of an increase in the overall demand for goods and services is called...
What is the multiplier effect.
Provide an example of an imitator type of Entrepreneurship.
Answers will vary.
Name two advantages of becoming an entrepreneur.
Answers will vary.
What is a sole proprietorship?
What is a business owned and operated by a single person.
What is the difference between an entrepreneur and an enterprising person?
What is an entrepreneur is someone who starts a business and takes on risks while an enterprising person is someone who displays entrepreneurial qualities.
The Dragons on Dragon's Den are an example of this type of entrepreneurship.
What is a buyer entrepreneur?
What do the letters in a SMART goal stand for?
What is specific, measurable, attainable, realistic, timely.