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11 Cards in this Set
- Front
- Back
What is an entrepreneur? |
people who own, operate, and take the risk of a business venture
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What are the types of entrepreneurial business
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Manufacturing
Wholesaling Retailing Service Agricultural Mining and extracting |
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Name some examples of manufacturing businesses
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Apparel and other textile products |
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What are some examples of wholesailing businesses?
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Apparel |
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define wholesailing
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Wholesaling, jobbing, or distributing is defined as the sale of goods or merchandise to retailers, to industrial, commercial, institutional, or other professional business users, or to other wholesalers and related subordinated services. ... |
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retailing
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Auto and home supply stores |
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Examples of Service Businesses
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Appliance repair |
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What are the characteristics that make an entrepreneur successful?
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Successful entrepreneurs |
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How do you assess your ability to be an entrepreneur?
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Assess your interests
Hobbies and interests Past experiences Assess your aptitude Assess the advantages of entrepreneurship Assess the disadvantages of entrepreneurship |
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What are four advantages to being an entrepreneur?
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Entrepreneurs are their own bosses.
Entrepreneurs can choose a business that interests them. Entrepreneurs can be creative. Entrepreneurs can make lots of money |
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What are the disadvantages of being an entrepreneur?
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Entrepreneurship is risky.
Entrepreneurs face uncertain and irregular incomes. Entrepreneurs work long hours. Entrepreneurs must make all decisions by themselves. |