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- 1. Multiple Choice
What is entrepreneurship?
To develop, organize and manage a business venture with risks in order to make a profit.
The art of making a deal.
An innovating idea.
Being competitive in the global marketplace.
- 2. Multiple Choice
What are the two types of business ventures?
work and home
school and work
a product or service
telephone or internet
- 3. Multiple Choice
How do we define a product in business?
Something you buy
Something you can eat
Something you throw away
Something that exists in nature or made by humans that is tangible.
- 4. Multiple Choice
Define a service by business standards.
You can actually touch it,
Work that is done for free
Work that requires expertise and is done in exchange for money.
Work with your hands.
- 5. Multiple Choice
What are four types of businessess
grocery, pharmacy, beauty and automobile
Manufacturing, wholesale, food and beverage
Retail, Service, Wholesale, energy
Service, retail, wholesale and manufacturing
- 6. Multiple Choice
What is a Return on your investment? (ROI)
Money you save
Investments you make on profit
measures the gain or loss generated on an investment relative to the amount of money invested.
Time energy and money
- 7. Multiple Choice
What are the four P's of marketing
product, produce, production, price
person, place, produce, practice
promotion, product, practice, price
promotion, place, price, product
- 8. Multiple Choice
Define Innovation.
translating business into a profit
satisfying a need
the process of translating an idea or invention into a good or service that creates value. it further satisfies the needs of customers,
A good idea that satisfies the needs and expectations of customers.
- 9. Multiple Choice
Which statement is not a persuasive strategy?
Appeal to the audience's emotion
Share stories
Tell jokes
State evidence facts and examples
- 10. Multiple Choice
What are two characteristics of an entrepreneur?
strong and bold
risk taker and innovative
curious and intelligent
hardworking and smart
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