Chap 15 Enterprenure Flashcards
(8 cards)
1
Q
Whats an entrepreneur
A
Someone who uses their skills to develop s company to help a wider community
2
Q
Characteristics of an entrepreneur
A
Realistic risk taker
Productive
Flex able
Self confident
Determined
Identity opportunity’s
3
Q
The skills and role of the entrepreneur
A
Someone who sees a gap in the market and Takes a risk to set up a business in the hope of making a profit
4
Q
Benefits
A
Own boss
Makes more money
5
Q
Risks
A
Lose the money u invest
Hard to take time away
6
Q
Internet sources
A
Brainstorming
Ideas from employees I the business
7
Q
External sources
A
Competitors
Consumers complaints
8
Q
The product development process
A
Idea generation
Product screening
Concept development
Feasibility study
Prototype development
Test marketing
Launch
