Exam 6: Starting Your Own Business: the Entrepreneurship Alternative

A(n)_____ is another form of intrapreneurship initiated by an employee who conceives an idea,convinces top management of its potential,and then recruits human and other resources from within the company to turn that idea into a commercial project.

Complete the following using the terms listed. -A(n)_____ recognizes a societal problem and uses business principles to develop innovative solutions.

Complete the following using the terms listed. -Loans from credit card companies are an example of entrepreneurs using _____.

Growth in entrepreneurship is a worldwide phenomenon.

Studies indicate that most entrepreneurs spend _____ on their new business.

All of the following are identified as responsibilities of entrepreneurs EXCEPT:

Which of the following demographic/economic trends has increased the opportunities for entrepreneurs?

Describe how social networking has transformed the business environment for entrepreneurs.

Concerning education and entrepreneurs,all of the following statements are correct EXCEPT:

Complete the following using the terms listed. -A(n)_____ project is initiated by an employee who conceives an idea,convinces top management of a company of its potential,and then recruits human and other resources from within the company to turn that idea into a commercial project.

Complete the following using the terms listed. -When entrepreneurs use _____,they borrow money from banks,finance companies,credit card companies,and family or friends that must be repaid.

Complete the following using the terms listed. -A(n)_____ is an individual who invests money directly in new ventures in exchange for equity.

Bella works as an artist for a major textile company and created an instrument for producing designs.The company will implement Bella's idea as part of its _____ strategy.

Deena is a successful entrepreneur.She stays close to her customers and is constantly looking for effective strategies.She is also willing to make adjustments when necessary.Deena is demonstrating _____.

When an entrepreneur continues to work on an idea in spite of physical or technical hindrances and succeeds in turning that idea into reality,he or she is exemplifying the entrepreneurial characteristic:

Netflix continues to offer DVDs by mail to nearly five million U.S.subscribers in addition to its streaming services because of its:

Complete the following using the terms listed. -_____ helps entrepreneurs work quickly and efficiently,provide attentive customer service,increase sales.

Entrepreneurs generally begin with a vision.

Juanita is trying to start a new business.A women's business network puts her in touch with a wealthy investor who is willing to invest in her company in exchange for an equity stake.This investor is most likely to be a(n)_____.

What is intrapreneurship,and why is it important today?