Entrepreneurial risk - Study guides, Class notes & Summaries

MIE 201 Exam 1 Latest Version with Complete Solutions business any profit-seeking organization that provides goods and service designed to satisfy customers needs revenue money a company brings in through the sales of goods and services business model a clearly stated outline of how the business intends to generate revenue profit money left over after all the costs involved in doing business have been deducted from revenue competition gives customers a wider range of options,...

Test Bank For Entrepreneurship: The Practice and Mindset 1st Edition by Heidi M. Neck Christopher P. Neck ,Emma L. Murray Chapter 1: Entrepreneurship: A Global Social MovementTest Bank Multiple Choice 1. The authors define entrepreneurship as . a. a discipline that seeks to understand how opportunities are discovered, created, and exploited, by whom, and with what consequences b. starting a small business by finding investors and launching a product c. developing a new market by creating a produ...

Entrepreneurship- wiki definition Ans: "Entrepreneurship is the process of starting a business, typically a startup company offering an innovative product, process or service." Entrepreneur Ans: - Comes from french word 'entreprendre'- to undertake - Entrepreneurship vs. Small Business Ans: 4 differences: *1. Amount of wealth creation* - Entrepreneurial ventures create substantial wealth (millions). Don't just replace traditional employment *2. Speed of wealth* - Small busines...

2024 WGU C483 - PRINCIPLES OF MANAGEMENT ACTUAL QUESTIONS AND ANSWERS WITH COMPLETE SOLUTION A value chain is the sequence of activities that begins with raw materials. What result does a value chain end with? Choose 1 answer Supply and demand Operations and logistics Outsourcing or insourcing Delivery of products or services Ans- Delivery of products or services What happens when an effective value chain is created? Choose 1 answer Profit margins are increased. A missi...

Entrepreneurship (academic) Process by which individuals pursue opportunities without regard to resources currently controlled Venture Capitalist Art of turning an idea into a business What do entrepreneurs do? assemble and integrate resources needed to transform an invention or idea into a viable business Four primary Characteristics of successful entrepreneurship 1. Passion for venture 2. Tenacity despite failure 3. Customer focus 4. Execution intelligence Fo...

Gmetrix Questions and Answers with Verified Solutions Besides defining strengths and weaknesses, what is the other main factor determined during a self-assessment? risk tolerance Which are considered risks of being an entrepreneur? choose three answers. Financial instability & Possible business failure & Long hours George wants to take his passion for golf and open a golf academy. What would be the benefits George could enjoy from this experience? Choose two Financial gain & Satis...

Entrepreneurship 11th Edition Hisrich Test Bank (All Chapters Covered) Entrepreneurship 11th Edition Hisrich Test Bank (All Chapters Covered) Chapter 01: The Entrepreneurial Mind-Set Chapter 02: Corporate Entrepreneurship Chapter 03: Generating and Exploiting New Entr ies Chapter 04: Creativity and the Business Idea Chapter 05: Identifying and Analyzing Domestic and International Opportunities Chapter 06: Protecting the Idea and Other Legal Issues for the Entrepreneur Chapter 07: The Business Pl...

MGT 3320 - exam 1 Question and answer rated A+ 2023What 3 general competencies should HR professionals have? Knowledge of business, human resource practices, and change management In what 2 ways are HR professionals' 4 roles differentiated? Process vs. People, Short-term vs. Long-term Two perspectives on organization success differs based on what two factors? Organization's life cycle, and the stakeholder Four common stages of an organizational life cycle Entrepreneur...

A(n) _____ is someone who identifies a business opportunity and assumes the risk of creating and running a business to take advantage of it. business owner preneur tive ter correct answers b. entrepreneur While many _____ ventures are based on innovative ideas, others revolve around improvements to existing goods or services. preneurial nmental hise -for-profit correct answers a. entrepreneurial Which of the following best describes entrepreneurs? a. They're retired busine...

TLE THIRD QUARTER UPDATED Exam Questions and CORRECT Answers What does SWOT stand for? - Correct Answer- Strength, Weakness, Opportunity, and Threat What does PECs stand for? - Correct Answer- Personal Entrepreneurial Competencies Which of the following is considered the possible risk in starting a business? - Correct Answer- producing a product without prior knowledge and experience