ENT 201 Midterm ACTUAL UPDATED QUESTIONS AND CORRECT ANSWERS
Main Street Entrepreneur Local, small-scale businesses serving community needs.
Organic-Growth Small Business Reinvests profits to grow naturally.
Buyable Startup Typically tech/software-based, built for acquisition.
, Rapid Growth Startup Seeks fast scaling; investor-driven with exit goals.
Corporate Entrepreneurship Innovation within established companies.
Lifestyle Business Prioritizes owner's lifestyle over high growth.
Social Entrepreneur Balances profit with positive social impact.
Franchise Operates under another brand's business model.
Offshoring Shifting operations to another country for lower costs.
Venture Capitalist (VC) Professional investor seeking high growth and return.
Angel Investor Wealthy individual funding early-stage businesses.
SBA (Small Business Administration) Provides small business loans/support.
Due Diligence Research and analysis before making business investments.
Barriers to Entry Obstacles preventing competitors (capital, regulation, etc.).
Sunk Cost Fallacy Continuing investment due to past costs.
Opportunity Cost What is sacrificed when choosing one option over another.
Pivot Strategic redirection when current model fails.
Contingency Planning Preparing for alternative outcomes.
Market Disruption Innovation that reshapes entire industries.
Main Street Entrepreneur Local, small-scale businesses serving community needs.
Organic-Growth Small Business Reinvests profits to grow naturally.
Buyable Startup Typically tech/software-based, built for acquisition.
, Rapid Growth Startup Seeks fast scaling; investor-driven with exit goals.
Corporate Entrepreneurship Innovation within established companies.
Lifestyle Business Prioritizes owner's lifestyle over high growth.
Social Entrepreneur Balances profit with positive social impact.
Franchise Operates under another brand's business model.
Offshoring Shifting operations to another country for lower costs.
Venture Capitalist (VC) Professional investor seeking high growth and return.
Angel Investor Wealthy individual funding early-stage businesses.
SBA (Small Business Administration) Provides small business loans/support.
Due Diligence Research and analysis before making business investments.
Barriers to Entry Obstacles preventing competitors (capital, regulation, etc.).
Sunk Cost Fallacy Continuing investment due to past costs.
Opportunity Cost What is sacrificed when choosing one option over another.
Pivot Strategic redirection when current model fails.
Contingency Planning Preparing for alternative outcomes.
Market Disruption Innovation that reshapes entire industries.
