Types of entrepreneurship - Study guides, Class notes & Summaries

entrepreneurship (4) - 1. process of *initiating* a business venture 2. organizing the necessary *resources* 3. assuming the associated *risks* 4. enjoying the *rewards* how many employees do most small businesses have? - none 5 types of small business owners - 1. idealists 2. optimizers 3. hard workers 4. jugglers 5. sustainers idealists - rewarded by chance to work on something new and creative optimizers - get personal satisfaction from being business owners hard workers...

Entrepreneurship correct answers is activism in disguise SME Revenue correct answers Small medium enterprises - addressing local markets - low level innovation - non tradable jobs (restaurant, dry cleaners) -Linear growth IDE Revenue correct answers Innovation driven enterprises - addressing global markets - high level innovation - tradable jobs - hockey stick growth (exponential): company's start by losing a lot of money Types of entrepreneurship correct answers - Small/me...

BSNS 115 Questions and Answers Already Passed What are the four factors of production? The four factors of production are land, labor, capital, and entrepreneurship, which are essential for producing goods and services. How does supply and demand influence market prices? Supply and demand influence market prices by determining how much of a product is available and how much consumers are willing to buy, affecting overall pricing. What is the role of entrepreneurship in business? ...

Well-structured ETP3701 Assignment 4 (ANSWERS) Semester 1 2024 - DISTINCTION GUARANTEED. (DETAILED ANSWERS - DISTINCTION GUARANTEED!). CASE STUDY Agripreneur: Ngwamba turns agricultural trash into burning treasure With a passion for sustainability and innovation, Given Ngwamba transformed adversity into opportunity, creating Nzilo Charcoal and paving the way for eco-friendly grilling solutions. Years ago, Given Ngwamba’s garage in Ka-maqhekeza, Mpumalanga was transformed into an impromptu in...

Test Bank For Entrepreneurship: The Practice and Mindset 1st Edition by Heidi M. Neck Christopher P. Neck ,Emma L. Murray Chapter 1: Entrepreneurship: A Global Social MovementTest Bank Multiple Choice 1. The authors define entrepreneurship as . a. a discipline that seeks to understand how opportunities are discovered, created, and exploited, by whom, and with what consequences b. starting a small business by finding investors and launching a product c. developing a new market by crea...

Main purpose of Insurance - Allow the spread of risk Definition of Insurance - -Payment's made only when a certain peril has damaged the insured object -Payment's limited to actual amount of loss, no more and no less -There's no payment for losses that are deliberately caused by an insured. Five important points to the definition of insurance: - -Spread of Risk -Basis of Credit System -Eliminates Worry/Encourages Entrepreneurship -Loss Prevention and Loss Reduction -Source of Employm...

ich two docs. summarize the business plan of a company? lean and pitch canvas Two disadvantages of entrepreneurship? Not having a promised pay check and not having enough to pay employees Two benefits of entrepreneurship? working with like minded people, and setting your own work hours network marketer make their money through_____ commissions you own a lawn care business. your employees work long hours laboring, often exceed 40 hours per week, work short hours on...

Test Bank For Entrepreneurship: The Practice and Mindset 1st Edition by Heidi M. Neck Christopher P. Neck ,Emma L. Murray Chapter 1: Entrepreneurship: A Global Social MovementTest Bank Multiple Choice 1. The authors define entrepreneurship as . a. a discipline that seeks to understand how opportunities are discovered, created, and exploited, by whom, and with what consequences b. starting a small business by finding investors and launching a product c. developing a new market by creating a produ...

1. Chapter 1 - Intro: 2. List the 5 functions of insurance:: 1) Spread of risk 2) Basis of credit system 3) Eliminate worry and develop entrepreneurship 4) Loss reduction and prevention (road safety, alarms, etc.) 5) Employment opportunity 3. Definition of insurance (3 parts): 1) insurance provides a means of shifting ones financial responsibility from a loss to another party ii) payment will be made only in the event of the happening of a certain risk or peril iii) the amount of the pay...

Test Bank For Entrepreneurship: The Practice and Mindset 1st Edition by Heidi M. Neck Christopher P. Neck ,Emma L. Murray Chapter 1: Entrepreneurship: A Global Social MovementTest Bank Multiple Choice 1. The authors define entrepreneurship as . a. a discipline that seeks to understand how opportunities are discovered, created, and exploited, by whom, and with what consequences b. starting a small business by finding investors and launching a product c. developing a new market by creating a produ...