Sociology of Entrepreneurship.d

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Truly entrepreneurial businesses are characterized by
Small businesses are usually
Small businesses differ from high-growth ventures in that in small businesses
A person’s belief in his or her ability to achieve a goal is called
According to the BRIE model, ________ sets up a business as a firm.
This stage of the business life cycle occurs once the firm is established in its market.
When starting a business, more women choose ___________ industries that tend to have lower average sales levels.
Which of the following approaches yields better results in an established industry or a poor one?
The motivations, cognitions, attitudes, aptitudes, and behaviors that lead to a propensity to create solutions to problems or seeking opportunities to do something new or better is called
This stage of the business life cycle is characterized by a stable level of sales and profits over several years. The functional areas, the market, and the products or services are all being dealt with consistently and efficiently.
________ refers to a set of shared beliefs, basic assumptions, or common, accepted ways of dealing with problems and challenges within a company that demonstrate how things get done.
Patents, trademarks, ideas, copyrights, and licenses are all types of resources considered ________ according to the PROFIT acronym.
By efficiently managing external relations, small businesses typically aim at creating economies of scale.
Which of the following legitimacy-building features does having trademarks, service marks, patents, or copyrights typically indicate?
________ refers to searching and capturing new ideas that lead to business opportunities.
During a feasibility study, the examination of customers you wish to serve and those who would show interest in your product is helpful. This step defines your
________ is a payment to a licensor based on the number or value of licensed items sold.
The SCAMPER tool is used to
________ is a process of producing an idea or opportunity that is novel and useful, frequently derived from making connections among distinct ideas or opportunities.
In the SCAMPER tool, «S» stands for
________ refers to working for 35 or fewer hours a week.
Part-time entrepreneurs should separate and balance business and home. This separation and balance is pertinent to which aspect of the BRIE model?
When examining the exchange aspect of the BRIE model, there are two key groups outside your business with whom even part-time businesses must deal—customers and
The process of initiating a business while simultaneously remaining employed for wages or salary defines a
Which of the following is not a common form of part-time businesses in the United States?
When looking at e-commerce’s percentage of total sales, the largest percentage comes from this industry.
An Internet site designed to introduce and explain a business to others is known as a(n)
The best way to determine the financial situation of a business is through
A web page in which entries are posted in reverse chronological order is a known as
The fundamental success factor in door-to-door selling is
________ is the idea and actions that explain how a firm will make its profits.
Maria and her husband opened a car detailing service from their garage. This is an example of a(n)
________ is the general name for the line of product or service being sold, or the firms in that line of business.
________ is the business term for the population of customers for a business owner’s products or services.
________ refers to the size of the market, whereas ________ refers to the geographic range covered by the market.
A customer group that involves large portions of the population is referred to as a
The extent to which a small business is taken for granted, accepted, or treated as viable by organizations or people outside the small business is referred to as
Amounts and schedules for returns, stability of firm, funds use, and investment are most likely to be the major business plan concerns for
Which of the following is most likely to be a business plan concern for silent partners/angel investors?
A(n) ________ plan is a document designed to detail the major characteristics of a firm—its product or service, its industry, its market, its manner of operating and its financial outcomes with an emphasis on the firm’s present and future.
An item’s capability of being touched, seen, tasted, or felt is called
When segmenting your market, ________ segmentation looks at what drives the person, for example hobbies, cultural interests, or health concerns.
A(n) ________ typically means the core product plus features that tend to differentiate the product from competition.
Which of the following is the first stage of the new product development process?
________ is a type of CRM report that segments by customer or customer group on purchases or dates of purchase.
A more inclusive approach than the standard marketing funnel is the customer development funnel. Which of the following is not one of the major goals of their new approach?
________ is a strategy whose goal is growth, based on selling more of the firm’s product or service to the existing customer base.
People who receive a promotional impression and who give some thought to buying the product are considered
Which of the following terms refers to a rule of thumb about how many prospective customers it takes to find one who will actually make a purchase?
________ is often used to support the corporate identity and value propositions that are established through public relations efforts.
The most effective cash flow techniques require
The time required for a business to acquire resources, convert them into a product, sell the product, and receive cash from the sale is referred as the ________ cycle of a business.
Amounts owed to vendors for merchandise or services purchased on credit are called
Which of the following is an example of a cash equivalent?
Debt investments that mature in less than three months are an example of
When a business needs cash for marketing or cash for building inventory levels, their financial management needs are
Money contributed to businesses in return for part ownership of the business is called
Any valuable asset that is donated to a business without any obligation to repay or to give any ownership interest is called a
Which of the following is an example of debt financing?
The percentage amount that the payout of an investment differs from original cost is known as
When documenting the operations of your business, which of the following answer options contains the most detail?
Selling the rights to collect accounts receivable to an entity outside the business is called
________ is the series of steps and activities required to complete a process.
Economic order quantity (EOQ) helps a business to think in terms of
The practice of purchasing and accepting delivery of inventory only after it has been sold to the final customer is termed as
Today the biggest risk to most businesses comes from
A computer program that encrypts all the data on your computer with an unknown key is called ________. If the business does not pay a specified amount, all the computer contents will be erased.
Separation of duties is most important for
________ refers to a set of rules and procedures that work to limit the opportunity for employee theft or malfeasance.
A contract between two or more parties in which one party agrees, for a fee, to assume the risk of another is called
When using a(n) ________, the attorney will be paid a specified amount every month regardless of the workload for that month.
________ are typical in accident (especially personal injury) situations, but are not usually used in everyday contract and business-related matters.
Which of the following is true with regard to pricing of legal services?
The regular court system and small-claims court are both considered
The name under which a business is operated is known as its
Except for ________, business forms are types of separate, legal entities.
A ________ is a unit recognized as having rights and duties apart from the owners of the company.
In a(n) ________ , all partners are equally and fully responsible for the business’s obligations.
Which of the following management philosophies refers to selecting and promoting people based on family ties?
To treat family and nonfamily employees as similarly as possible in a business, it is important to