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Flexibility - ️️Ability to adapt, willingness to change Courage - ️️Takes risks in spite of possible losses Empathy - ️️Sensitive to thoughts and feelings of others What are three characteristics of entrepreneurs? - ️️Creativity, Determination, Enthusiasm After a self-ass...

Quality - ️️_______ is measured by how well the product or service successfully serves its users' purpose. E-commerce sales and door-to-door sales - ️️What are two examples of direct distribution channels? Middlemen - ️️Indirect distribution channels use _______ to sell their prod...

Entrepreneurship - ️️Setting up business with the aim to make profit. B2B (business-to-business) - ️️Sells products and services directly to other businesses. Normally requires a sales tax exemption certificate from the buyer. B2C (business-to-consumer) - ️️Sells products and servi...

Domain 1 Lesson 1 - ️️ The key objective of a small business owner is to generate ____ - ️️profits Entrepreneurs are willing to take on new opportunities and unknown ____ to grow their businesses rapidly - ️️risks Tangible items that require pick-up or delivery are ____ products...

What is entrepreneurship? - ️️Setting up a business with the aim to make a profit. For each business, select B2B or B2C. - ️️B2B Purchases requiring a tax exemption certificate. Wholesale flooring distributor. B2C Motorcycle repair shop. Chain of local grocery stores. Which lega...

In general, which characteristics define a "small" business? - ️️- fewer than 1,500 employees - less than $35.5 million revenue classify each of the following as either physical or digital - ️️PHYSICAL: - bakery in your community - hair salon that makes appointments online DIGITAL...

Acquisition Costs - ️️Cost incurred by a business. Angel Investor - ️️An investor who provides funding to a business for a stake in the business in return. Asset - ️️A tangible item a business owns. B2B - ️️A business-to-business (B2B) commercial transaction between business...

A dietitian decides to start a cruise vacation business for those looking to learn how to live a healthier lifestyle. The cruise will offer seminars with materials on healthy eating and exercise, and all of the food on the cruise will be healthy alternatives.Classify each expense as fixed or variabl...

Partners - ️️members of a company who share the risks and profits of the business Franchise - ️️A business that takes its name and characteristics from an existing business chain Stakeholder - ️️An individual with an interest in a business Prototype - ️️A preliminary product...