Chapter 4 Flashcards Preview

Business > Chapter 4 > Flashcards

Flashcards in Chapter 4 Deck (7)
Loading flashcards...
1
Q

Enterprise

A

Any attempt to start or do something new

• Uses creativity and initiative

2
Q

Initiative

A

Willingness to take action and get things done

3
Q

Where is enterprise relevant

A
Home
School
Work
Public sector
Community
Business
4
Q

Intrapreneurship

A

Employees using their initiative to act like entrepreneurs within someone else’s business

5
Q

Skills of an Entrepreneur

A
Identify opportunities 
Planning
Time management 
Stress management 
Networking  
People skills
6
Q

Characteristics of an entrepreneur

A
Flexible 
Realistic
Energetic
Decisive
Risk-taker
Innovative 
Confident
7
Q

Why is Enterprise important

A
  • Sense of achievement
  • Enterprise creates wealth
  • Provides the idea and drive to set up a business
  • Creates jobs
  • Taxes paid provides grants