Entrepreneurship

Entrepreneurship Exam 1 With Correct Solutions.

Who is an entrepreneur? - ️️a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so. What is the difference between entrepreneurship and entrepreneurial? - ️️entrepreneurship is the making of business and entrepreneurial is a way in which an entrepreneurship would carry something out What is Economics? - ️️the branch of knowledge concerned with the production, consumption, and transfer of wealth. What four...

Complete Test Bank (with Questions Answers)

Which of the following statements is correct regarding business format franchises. - ANSWER-A business format franchise can be very rigid and demanding. A(n) ________ franchise agreement involves the sale of a single franchise for a specific location. - ANSWER-Individual New product development, other product-related strategies, and international expansion are examples of _______ growth strategies. - ANSWER-Internal Internally generated growth is often called ______ growth. - ANSWER-Org...

Entrepreneurship Questions And Answers

Chapter 6 ... A buyout refers to starting a business from scratch. False. The purchase of substantially all of an existing business is called a buyout. Page: 157 A start-up always immediately provides positive cash flows. False. A start-up will require significant time to become established and provide positive cash flows. An established business or franchise has built-in customers to provide immediate cash inflows. Page: 158 A start-up can be kept small delib...

Entrepreneurship Final Exam(88% ---22 out of 25)Correctly Answers!!

three forces of pricing - ANSWER-image, competition, value markup - ANSWER-the difference between the cost of a product or service and it's selling price proper financial management - ANSWER-relevant financial information, easy to understand, timely types of financial statements - ANSWER-income statement, balance sheet, cash flow income statement - ANSWER-financial statement that represents a moving picture of a business, compares expense against revenue to show net profit. revenue...