Entrepreneurial Small
Business Chapter 1 2026 |
Study Guide, Practice
Questions, Answers,
Rationales & Exam Review
Updated Questions and Answers
100% Verified Exam Prep and Comprehensive
Rationales
Included
, Bootstrapping using low cost or free techniques to minimize your cost of doing business.
Buyers people who purchase an existing business.
Corporate entrepreneurship the form of entrepreneurship which takes place in existing businesses around new
products, services or markets.
Corridor principle A theory in entrepreneurial occupation theory that says as you start pursuing one
line of work or opportunity (which is like going down a corridor) you will encounter
other opportunities.
Creative destruction the way that newly created goods, services or firms can hurt existing goods,
services or firms.
Creation the entrepreneurial focus which looks at the making of new entities.
Crowdfunding funding a business online through the collective involvement of others to provide
donations, a loan or investment.
Crowdsourcing techniques often based on Internet-based services to get opinions or ideas through
the collective involvement of others.
CSI entrepreneurship acronym to the three focuses of entrepreneurship - corporate, social and
independent.
Customer-focus the entrepreneurial focus which refers to being in tune with one's market.
E-Commerce the general term for business conducted on the Internet.
Effectuation an approach used to create alternatives in uncertain environments.
Business Chapter 1 2026 |
Study Guide, Practice
Questions, Answers,
Rationales & Exam Review
Updated Questions and Answers
100% Verified Exam Prep and Comprehensive
Rationales
Included
, Bootstrapping using low cost or free techniques to minimize your cost of doing business.
Buyers people who purchase an existing business.
Corporate entrepreneurship the form of entrepreneurship which takes place in existing businesses around new
products, services or markets.
Corridor principle A theory in entrepreneurial occupation theory that says as you start pursuing one
line of work or opportunity (which is like going down a corridor) you will encounter
other opportunities.
Creative destruction the way that newly created goods, services or firms can hurt existing goods,
services or firms.
Creation the entrepreneurial focus which looks at the making of new entities.
Crowdfunding funding a business online through the collective involvement of others to provide
donations, a loan or investment.
Crowdsourcing techniques often based on Internet-based services to get opinions or ideas through
the collective involvement of others.
CSI entrepreneurship acronym to the three focuses of entrepreneurship - corporate, social and
independent.
Customer-focus the entrepreneurial focus which refers to being in tune with one's market.
E-Commerce the general term for business conducted on the Internet.
Effectuation an approach used to create alternatives in uncertain environments.
