BRAINSCAPE1
ENT 101 1st exam with complete
solutions latest version
Entrepreneurship - CORRECT ANSWER-the creation or location of an opportunity
that leads to the creation or location of a means to bring opportunity to market
small business - CORRECT ANSWER-any business that has a small number of
employees and minimal yearly salary
serial entrepreneur - CORRECT ANSWER-individual who starts a venture and
once it reaches the stage of traditional business, sells the business and uses the
profit to move on to the next entrepreneurial venture
Parallel entrepreneur - CORRECT ANSWER-own many small businesses but the
newest one only being entreprenurial
entrepreneurial mindset - CORRECT ANSWER-the way of thinking that allows a
person to locate, or create entrepreneurial opportunities and determine the best
way of exploiting them
exploit - CORRECT ANSWER-develop a way to bring a product or service to
market for profit
stakeholders - CORRECT ANSWER-a person, group or organization that has an
interest in the business
Human capital - CORRECT ANSWER-what the work force and employees are
called
industrial economies - CORRECT ANSWER-thrive on uniformity, stability, and
mass production.
Incremental innovations - CORRECT ANSWER-series of small improvements to
an existing product intended to maintain or improve a company's competitive
advantage over its competition
BRAINSCAPE1
ENT 101 1st exam with complete
solutions latest version
Entrepreneurship - CORRECT ANSWER-the creation or location of an opportunity
that leads to the creation or location of a means to bring opportunity to market
small business - CORRECT ANSWER-any business that has a small number of
employees and minimal yearly salary
serial entrepreneur - CORRECT ANSWER-individual who starts a venture and
once it reaches the stage of traditional business, sells the business and uses the
profit to move on to the next entrepreneurial venture
Parallel entrepreneur - CORRECT ANSWER-own many small businesses but the
newest one only being entreprenurial
entrepreneurial mindset - CORRECT ANSWER-the way of thinking that allows a
person to locate, or create entrepreneurial opportunities and determine the best
way of exploiting them
exploit - CORRECT ANSWER-develop a way to bring a product or service to
market for profit
stakeholders - CORRECT ANSWER-a person, group or organization that has an
interest in the business
Human capital - CORRECT ANSWER-what the work force and employees are
called
industrial economies - CORRECT ANSWER-thrive on uniformity, stability, and
mass production.
Incremental innovations - CORRECT ANSWER-series of small improvements to
an existing product intended to maintain or improve a company's competitive
advantage over its competition
BRAINSCAPE1
