Entrepreneur Questions Flashcards
(28 cards)
It is someone who deals with a business
Entrepreneur
Process of using resources effectively and transforming them in profitable venture
Entrepreneurship
Place where goods are bought and sold
Market
A person who buys and sells goods in a large quality
Merchant
The goods that are sold are called?
Merchandise
A system according to which money, industry, and trades are organized
Economy
A plan for possible outcomes of a purpose project
Feasibility Study
A valuable return
Profit
Another term for Profit
Gain
What are the 4 clusters in T.L.E.?
Economics
Agriculture
I.C.T.
Industrial Arts
Cooking and other aspects of household management especially taught in school
Economics
Art of science of cultivating the soil, growing crops, and raising livestock
Agriculture
An extensional term for info. technology, that stresses the role of unified communication
I.C.T.(Information and Communication Technology)
Defined as a study of skills needed to work with machinery
Industrial arts
4 ways to identify more business opportunity
Listen to your potential clients and past leads
Listen to your customers
Look at your competitors
Look at industry trends and insight
first 5 qualities of an Entrepreneur
Goal-Oriented Achievement-Oriented Full of Energy Persistent Human Management
The next 6 qualities of an Entrepreneur
Innovative Risk-Taker Open to Criticism Responsible Confident Knowledge
There goal leading them to strive to attain it
Goal-Oriented
They want to see the result of their labor
Achievement-Oriented
They do not get tired easily no matter how tedious work is
Full of Energy
Are not easily Discouraged
Persistent
Manage their People
Human Management
They are creative because they believe that new things have a purpose
Innovative
They never doubt because they are open-minded
Risk-taker
