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ENT 101 1st Exam Questions with Correct Answers

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ENT 101 1st Exam Questions with Correct Answers

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ENT 101 1st exam


Entrepreneurship - Answer-the creation or location of an opportunity that leads to the creation or
location of a means to bring opportunity to market



small business - Answer-any business that has a small number of employees and minimal yearly salary



serial entrepreneur - Answer-individual who starts a venture and once it reaches the stage of traditional
business, sells the business and uses the profit to move on to the next entrepreneurial venture



Parallel entrepreneur - Answer-own many small businesses but the newest one only being
entreprenurial



entrepreneurial mindset - Answer-the way of thinking that allows a person to locate, or create
entrepreneurial opportunities and determine the best way of exploiting them



exploit - Answer-develop a way to bring a product or service to market for profit



stakeholders - Answer-a person, group or organization that has an interest in the business



Human capital - Answer-what the work force and employees are called



industrial economies - Answer-thrive on uniformity, stability, and mass production.

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