Study with Quizlet and memorize flashcards containing terms like Entrepreneur, Employees, Business and more. ... Business- People in business (Unit 1) 6 terms.Study with Quizlet and memorize flashcards containing terms like The Burt's Bees product line grew from an idea for a lifestyle entrepreneurial venture into a major company., How is a serial entrepreneur different than a social entrepreneur?, Innovators make something new or see a problem that other people have not noticed. and more.something that is desired, not needed. Four Factors of Production: Land (including all natural resources), Labor (including all human resources), Capital (including all man-made resources), and. Enterprise (which brings all the previous resources together for production) Supply v. Demand Theory.TRUE. Most owners of ordinary small businesses open their businesses because of the profitability aspects of the operations. TRUE. In layman's term, an entrepreneur is a person who opens his/her own business, assumes responsibility for its operation and management, and assumes the risk of the business. TRUE. All businesspeople are entrepreneurs.In today’s digital age, social media has become an integral part of any business’s marketing strategy. However, managing multiple social media accounts can be time-consuming and ov...Study with Quizlet and memorize flashcards containing terms like When someone has examined or checked that everything is working or running properly, this is called a(n) _____., Proof that an entrepreneur is certified to work in a specific field of business is a _____., Our country's armed forces are an example of the role of government called …Space. VICTORIA_KOLTERMAN. Start studying All about Entrepreneurship. Learn vocabulary, terms, and more with flashcards, games, and other study tools.Study with Quizlet and memorize flashcards containing terms like Entrepreneurial Opportunities are defined as: Anew market entry through entrepreneur action B. the entrepreneur's mental processes in deciding whether or not to act on a potential opportunity. C. a feasibility assessment. D. situations in which new goods, services, raw materials and organizing methods can be sold at greater than ...Study with Quizlet and memorize flashcards containing terms like Who is an entrepreneur who never dwells on past mistakes, has a high tolerance for stress, is highly adaptable and is always looking for the 'next big thing'? a. Opportunist b. Serial entrepreneur c. Jack of all Trades entrepreneur d. Wantrepreneur, An entrepreneur refers only to someone who develops their own business.The target market is where an entrepreneur intends for his product to be sold. Study with Quizlet and memorize flashcards containing terms like Being confident and responsible are traits of a successful entrepreneur, The costs to start a new business are called start-up costs., A franchise fee is the money that the outside person pays the chain ...Study with Quizlet and memorize flashcards containing terms like Entrepreneurial thinking is partly a mental process of recognizing a signal and then deciding if the signal represents an opportunity for someone. T/F?, Entrepreneurial thinking partly is about reducing doubt as to whether an opportunity for someone is also an opportunity for them specifically, and/or processing feedback from ...Study with Quizlet and memorize flashcards containing terms like A small business is often defined as having fewer than 100 employees, as well as being independently owned and operated(t,f), An entrepreneur is not a manager but engages in additional activities that all managers do(t,f), Entrepreneurs experience stress, but they also have high job satisfaction(t,f) and more.Enterprize. 1. What is an entrepreneur? Click the card to flip 👆. A. Someone who invests time and money to start a business. B. Someone who makes a lot of money. C. Someone who takes a risk to make a profit. D. Both A & C.something that is desired, not needed. Four Factors of Production: Land (including all natural resources), Labor (including all human resources), Capital (including all man-made resources), and. Enterprise (which brings all the previous resources together for production) Supply v. Demand Theory.Study with Quizlet and memorize flashcards containing terms like An entrepreneur is someone who...?, Meaning and derivation of entrepreneur, Who coined the word "entrepreneur" and when? and more.Study with Quizlet and memorize flashcards containing terms like What is an entrepreneur?, What are many entrepreneurs, What are the roles of an entrepreneur? and more. Scheduled maintenance: October 22, 2023 from 04:00 AM to 05:00 AMStudy with Quizlet and memorize flashcards containing terms like The best way to make the contribution you were born to make is by doing work_____________ ., You should always do research about the company you're applying for a job at or interviewing with., An entrepreneur is someone who__________. and more.Study with Quizlet and memorize flashcards containing terms like Entrepreneur, Entrepreneur Vs. Small Business Owner, Entrepreneurial venture and more. ... is someone who identifies and acts on an idea or problem that no one else has identified or acted on. Entrepreneur Vs. Small Business Owner6. All entrepreneurs need is money. While it is true that a venture needs capital to survive, businesses fail all the time due to reasons completely separate from adequate funding, such as incompetent leadership, poor investments, poor planning, etc. Entrepreneurs need more than just money to run a successful venture.Study with Quizlet and memorize flashcards containing terms like An entrepreneur is someone who identifies _____, starts and grows a business, and assumes the _____ and rewards of the venture., Entrepreneurism is a fluid and dynamic process, one where you need to:, Entrepreneurs try to create value, while managing _____ resources in a changing, uncertain business environment. and more.Study with Quizlet and memorize flashcards containing terms like Entrepreneurial motivation refers to the way in which urges, drives, desires, striving, aspirations or needs direct, control or explain the entrepreneurial behavior of human beings ., - Motive - Behavior - Goal, 1. Internal / Intrinsic - Personal Goals - Need For Achievement - Ambition 2.Study with Quizlet and memorize flashcards containing terms like An authoritative leader takes a _____ approach. A) "Come with me" B) "Get out of my way" C) "Get over here" D) "Work harder" E) "I'll do it myself", Which type of pay is based on a set percentage of every sale? A) Commission B) Salary C) Wages D) Dividend E) All of the above, Which of the …A common standard that defines a non-manufacturing business as small is. Have fewer than 100 employees. As an entrepreneur, the amount of money you receive from your company. May go up or down, depending on the business. As an entrepreneur, the amount of time you spend working is typically.Study with Quizlet and memorize flashcards containing terms like The classic entrepreneur is one who starts a new business based on an existing concept., Entrepreneurs do not need "people skills" to be successful., A green company aims at either protecting or improving the environment. and more.Spotted a business opportunity. Profit may be greater than wage. Help others. Need a job. Study with Quizlet and memorize flashcards containing terms like Entrepreneur definition, Opportunity cost, What qualities do entrepreneurs need? and more.Study with Quizlet and memorize flashcards containing terms like The authors define entrepreneurship as ______., ______ have touched every corner of our lives, affecting every aspect of the way we live., What is the discipline that seeks to understand how opportunities are discovered, created, and exploited, by whom, and with what consequences? and more.Entrepreneur. a person who assumes the financial risk to start a new business and try new ideas. Entrepreneurship is all about acting _____________ on ideas, with the goal of generating a profit. Fervently (with passion and enthusiasm) An Wang. Wang was a Chinese-American computer scientist who came to the United States in 1945 to attend ...Study with Quizlet and memorize flashcards containing terms like A(n) _____ is someone who recognizes an opportunity to start a business that other people may not have noticed and acts on it., According to French economist Jean-Baptiste Say, entrepreneurs _____., The free-enterprise system _____. and more.external locus of control. A group of companies or individuals that invests money in new or expanding businesses for ownership and potential profits is known as: a venture capital firm. An entrepreneur: a) assumes the risks of the business. b) reaps the rewards of the business. c) assumes the financial and legal risks of ownership.Study with Quizlet and memorize flashcards containing terms like An entrepreneurial venture and a small business ________., One key difference between an entrepreneurial venture and a small business is that the entrepreneurial venture focuses on ________., Besides being innovative in some way, a second defining characteristic of an entrepreneurial venture is that it is ________. and more.Study with Quizlet and memorize flashcards containing terms like Taking a risk to develop a new business is a process known as, Chief executive officers are business owners who see a new opportunity for a product or service and risk their time and money to start a business., Shruti Ramakrishnan noticed that in her native New York City, people are constantly …Entrepreneur. Click card to see definition 👆. Someone who identifies a business opportunity and assumes the risk of creating and running a business to take advantage of it. Click again to see term 👆. 1/15.Therefore, some scholars argue that moral entrepreneurship is also a component of ethical leadership alongside the components of the moral person and the moral manager. Certain studies of the predecessors of ethical leadership have discovered that following an ethical mentor increases the likelihood of ‘breeding’ new ethical leaders.for entrepreneurs there is little difference between work and play. opportunity to reach your full potential. entrepreneurs see their business as a vehicle of self expression of personal desire and eventual self actualization of their personal goals - the pinnacle of their career success`. opportunity to reap extraordinary profits.Overall, a good entrepreneur must find the right mix of marketing communications to reach customers. This will vary depending on the start-up’s budget, goals, and strategies. …ENTREPRENEURIAL MINDSET. Click the card to flip 👆. way of thinking that enables you to overcome challenges, be decisive, accept responsibility for outcomes. constant need to improve skills, learn from mistakes, take cont. action. anyone willing to do the work can develop an entrep mindset. way an entrepreneur thinks and acts.Someone who takes a risk in starting a business to earn a profit. Entrepreneurship. The process of starting, organizing, managing, and assuming the responsibility for a business. Venture capital. Money provided by large investors to finance new products and new businesses that have a good change to be very profitable. Innovation.Who is an Entrepreneur and Elements of Entrepreneurship Learn with flashcards, games, and more — for free.Study with Quizlet and memorize flashcards containing terms like the best way to make the contribution you were born to make is by doing work ___, you should always do research about the company you're applying for a job at or interviewing with, an entrepreneur is someone who ___ and more.In today’s digital age, educators are constantly seeking innovative ways to enhance student engagement and promote effective learning. One such tool that has gained popularity in r...anything that takes 5+ years to accomplish. What are some examples of long-term goals? - saving for a house. - investing for retirement. - saving for a vacation home. - saving to start up a new business. ambition. personal attributes. personality type.We have an expert-written solution to this problem! An entrepreneur is someone who. a. starts and runs a business. b. is an employee of a business. c. invents products for other businesses. d. works for multiple developing businesses. a. starts and runs a business.The advantages of being an entrepreneur are _____. B. Franchises tend to have better success rates than non-franchised businesses. True. Buying an existing business _____. C. Study with Quizlet and memorize flashcards containing terms like An existing business can be for sale because _____., The three traits an entrepreneur must possess to be ...A. Chandra, who has spent a year abroad and comes from a family of entrepreneurs. B. Charlie, who has a narrow social network and has always lived in his hometown. C. Luke, who has lived in two different states and easily identifies ends-means relationships. D. Lucy, who has an extended social network and limited entrepreneurial alertness.Study with Quizlet and memorize flashcards containing terms like An entrepreneur is someone who creates, The word entrepreneur originated from the French word, The French word "entreprendre' means and more.Study with Quizlet and memorize flashcards containing terms like An entrepreneur:, One way an intrapreneur differs from an entrepreneur is that:, When looking at the advantages and disadvantages of starting various types of businesses, it appears that: and more.Study with Quizlet and memorize flashcards containing terms like What is an entrepreneur?, What is entrepreneurship?, What do entrepreneurs do? and more.Households refer to all of the individuals in a house and may further pertain to only one person, and several to many people, while firms is a term that is used to describe all of the suppliers of goods and services such as business …According to the Harvard Business Review, the following are the 5 common traits of the successful entrepreneur EXCEPT: Attention to detail. The term "entrepreneurial DNA" means: The characteristics and traits of an entrepreneur. Attracting talent, investors, and ________ is typical of Builders. Customers.An entrepreneur is someone who identifies and acts on an idea or problem that no one else has identified or acted on. This combination of recognizing an opportunity to bring …Which of the following creates opportunities for new entrepreneurs in the United States? All of these answer choices are correct. Study with Quizlet and memorize flashcards containing terms like What makes an entrepreneur different from a small-business owner?, How are entrepreneurs different from managers?, What is the overriding ...These are -. He is innovative: An entrepreneur is someone who is a source of new ideas, offerings, businesses, or initiatives. He is an initiator: An entrepreneur is the beginning of an initiative, a project, or a business. He's the one who decides to build upon an idea and turn it into something bigger than just a mental construct.Study with Quizlet and memorize flashcards containing terms like An entrepreneur is a person who opens and manages his or her own business. T OR F?, Entrepreneurs, as a general group, dislike risk taking. T OR F?, Entrepreneurs are people with vision, drive, and creativity, who are willing to take the risk of starting and managing a business to make a profit. T OR F? and more.Study with Quizlet and memorize flashcards containing terms like Entrepreneur, Business plans, Assets and more. ... An entrepreneur is someone who creates, owns and potentially runs a business. Business plans. An entrepreneur gets to act as his own boss, has ownership in the business and is responsible for the success of their business. ...... an Entrepreneur, Turning Your passions and problems into opportunities and more ... Many entrepreneurs simply do not enjoy working for someone else. Melissa ...Study with Quizlet and memorize flashcards containing terms like Entrepreneurship, Profit, Income and more.A micro-entrepreneur is a person who? starts a very small business. Based on the story about Hasana in West Africa, what do micro-entrepreneurs often need to start their businesses? a loan to buy equipment. What is one effect of drought on people living in many African countries? severe food shortages.5.0 (48 reviews) Which of the following describe the role of an entrepreneur in a capitalist economic system? Select all that apply. Click the card to flip 👆. -Someone who combines the factors of production into a business. -Someone willing to risk loss and failure for profit. Click the card to flip 👆. 1 / 3.TRUE. Most owners of ordinary small businesses open their businesses because of the profitability aspects of the operations. TRUE. In layman's term, an entrepreneur is a person who opens his/her own business, assumes responsibility for its operation and management, and assumes the risk of the business. TRUE. All businesspeople are entrepreneurs.In today’s fast-paced and highly competitive business environment, entrepreneurs face numerous challenges on a daily basis. From making strategic decisions to managing resources ef...Study with Quizlet and memorize flashcards containing terms like The term "entrepreneur" was derived from the French word _________ which means, It connotes a business paradigm which signifies the start of a new business undertakings., They define entrepreneur as a person who organizes, operates, and assumes the risk of a …Match. Study with Quizlet and memorize flashcards containing terms like Entrepreneurship, -development of managerial capabilities -creation of organizations -improving the standard of living -means of economic development, entreprende and more.Study with Quizlet and memorize flashcards containing terms like A fundamental part of the entrepreneurship method is providing _____. a. a guarantee for success b. a step-by-step guide to starting a new business c. ways to confront uncertainty rather than avoid it d. help from serial entrepreneurs who know what it is like, Some entrepreneurs purchase already existing businesses in order to ...Study with Quizlet and memorize flashcards containing terms like A _____ is a quick description of your business that you use to explain it to potential investors., _____ are the operating expenses that a business must pay regardless of how many sales are made., _____ is a potential group of customers, people, or businesses that are able and willing …In the world of e-commerce, dropshipping has become an increasingly popular business model. It allows entrepreneurs to start their own online stores without the need for inventory ...In short, an entrepreneur is someone who identifies a need for a new product, process, or service and builds a business around that need. Alternate …Study with Quizlet and memorize flashcards containing terms like Francine is interested in starting a new financial services company where she will manage the investments of others. She wants to generate her own funding as well as lead the business once it gets started. Francine will assume all risks and rewards of the new enterprise. Francine would be …Terms in this set (9) Study with Quizlet and memorize flashcards containing terms like Finish this statement: An entrepreneur is someone who takes the risk to establish, , and run a business. A. own B. staff C. bankrupt, A benefit of entrepreneurialism is being in close contact with employees, customers, suppliers, and the community.An entrepreneur is a person who _____ a business venture. B. assumes the risk for The process through which individuals see an opportunity, create and distribute a product or service, and hopefully make a profit is known as entrepreneurship.Study with Quizlet and memorize flashcards containing terms like An entrepreneur is someone who..., What is a characteristic?, Characteristcs of an entrepreneur and more. Try the fastest way to create flashcardschapter 5 questions. Define entrepreneur and entrepreneurship. Click the card to flip 👆. An entrepreneur is a person who recognizes a business opportunity and organizes, manages, and assumes the risks of starting and operating a business. Entrepreneurship is the process of recognizing an opportunity, testing it in the market, and gathering ...The target market is where an entrepreneur intends for his product to be sold. Study with Quizlet and memorize flashcards containing terms like Being confident and responsible are traits of a successful entrepreneur, The costs to start a new business are called start-up costs., A franchise fee is the money that the outside person pays the chain ...Study with Quizlet and memorize flashcards containing terms like Which of the following spawned the growth of a whole new generation of venture capitalist companies?, What feature of registering a company allows you to set aside a portion of your stock for future employees?, An investor has offered $150,000 for 20% of the company. The company has a pre-money valuation of $350,000. Should the ...Study with Quizlet and memorize flashcards containing terms like An entrepreneur is a person who assumes the risks of organizing and managing and a business for the sake of reducing stress from the "rat race.", Benefit of becoming an entrepreneur includes independence, satisfaction, financial reward, self-esteem, and contributions to society, where others see problems, entrepreneurs recognize ...A person who starts, manages, and owns a business. An employee who is given funds and freedom to create a special unit or department within a company to develop a new produce, process, or service. A written document that describes the nature of the business, its goals and objectives, and how they will be achieved.they provide jobs, create wealth, new industries, improve society, help people and the environment and create new competition. define entrepreneurship. an activity that involves the discovery, evaluation and exploration of opportunities to introduce new goods and services, ways of organizing, markets, processes, and raw materials through ...Study with Quizlet and memorize flashcards containing terms like A(n) _____ is someone who recognizes an opportunity to start a business that other people may not have noticed and acts on it., According to French economist Jean-Baptiste Say, entrepreneurs _____., The free-enterprise system _____. and more.ii) To a psychologist, an entrepreneur is a person driven by certain forces, such as the need to obtain something, experiment, accomplish, or escape the authority of others. iii) For the capitalist philosopher, an entrepreneur creates wealth for others, finds better ways to utilize resources, reduces waste, and produces jobs that others are ...- Extraversion is a highly debated personality trait of successful entrepreneurs as the outgoing and energetic nature of an extravert can be counterproductive ...An entrepreneur is someone who works for themselves. True. False. 2. Multiple Choice. Edit. 20 seconds. 1 pt. Which is a characteristic of a successful entrepreneur? Motivated. Takes very little risk. Passionate. Hard-working. 3. Multiple Choice. Edit. 30 seconds. 1 pt. Which is NOT a common characteristic of an entrepreneur? risk-taker.Let's start with the term entrepreneur. An entrepreneur is a person who creates, organizes and manages new business. It operates the business and assumes risk for its success. Some of the qualities an entrepreneur must have are initiator, passionate, accountable and responsible.10 of 10. Quiz yourself with questions and answers for Entrepreneurship Quiz, so you can be ready for test day. Explore quizzes and practice tests created by teachers and students or create one from your course material.Study with Quizlet and memorize flashcards containing terms like An entrepreneurial _____ is a group of experienced people from different areas of business who join together to form a _____ team with the skills needed to develop, make, and market a new product., Select all that apply In addition to good ideas, entrepreneurs must Multiple select question. want to see their dream become reality ...Match. Study with Quizlet and memorize flashcards containing terms like Entrepreneurship, -development of managerial capabilities -creation of organizations -improving the standard of living -means of economic development, entreprende and more.Preview. Psych Exam 3. 82 terms. emmamssu. Preview. Study with Quizlet and memorize flashcards containing terms like By having the right ______, it is easier to recognize ______., Csikszentmihalyi's research showed that creative people had ______ personalities, ______ raises our awareness of how, when, and why we behave the way we do in certain ...They can make a profit. 37 of 189. Definition. maintain and improve the quality of life and the environment. What can a business use to show customers the features and benefits of its product. Name three risks associated with being an entrepreneur. Name three rewards associated with being an entrepreneur.T/F: An entrepreneur is a person who opens and manages his or her own business. True. T/F: Entrepreneurs, as a general group, dislike risk taking. False. T/F: Entrepreneurs are people with vision, drive, and creativity, who are willing to take the risk of starting and managing a business to make a profit. True.2. Creating a new venture or new value. 3. Analyzing opportunities. Which type of person is employed by an organization that he or she does not own or operate? Intrapreneur. Which of these people would be considered an intrapreneur? A researcher at a pharmaceutical company who convinces the CEO to create a work group to explore a drug that ...Study with Quizlet and memorize flashcards containing terms like 1. Goal setter 2. Information-Seeker 3., skunkworks. project initiated by an employee who conceives an idea, convinces top management of i, Entrepreneur. an individual who plans, organizes and op, Study with Quizlet and memorize flashcards containing terms like People who risk their time,, Study with Quizlet and memorize flashcards containing terms like what is, Study with Quizlet and memorize flashcards containing terms like a businessman, an entrepreneur, traits and more, a person who attempts to profit by risk and initiative Entrepreneurs ke, Query \PageIndex {4} “An entrepreneur can be described as one w, they provide jobs, create wealth, new industries, improve society, Study with Quizlet and memorize flashcards containing t, Terms in this set (20) An entrepreneur is... someone , The difference between someone with an idea and an entrepren, Study with Quizlet and memorize flashcards contain, Study with Quizlet and memorize flashcards containing terms like W, Study with Quizlet and memorize flashcards containing terms like Wh, Study with Quizlet and memorize flashcards containing terms like The b, the ability to stick to rules of their own free will. Which statement, chapter 5 questions. Define entrepreneur and entrepreneurship.