A person who organizes a business and then runs it is called a(n) _____.
Jefferson is interested in starting his own business. He plans to borrow money from the local bank in order to finance the business. They will require him to submit a business plan and a(n) _____.
Entrepreneurs are self-motivated and recognize opportunities around them.
The advantages of being an entrepreneur are _____.
An entrepreneur’s life has few challenges, few risks, and minimal rewards.
Taking over a family business can help to maintain the goodwill of the customers.
In order for a teen to have a successful business, they must to do all of the following EXCEPT _____.
Buying a franchise might be a good decision for someone who _____.
Buying an existing business _____.
If you purchase a franchise, you get to keep all of the profits you make.
Franchises tend to have better success rates that non-franchised businesses.
The three traits an entrepreneur must possess to be successful are _____.
In order for a person to recognize needs that are not being met and make a career out of fulfilling unmet needs, that person must have _____.
Location is not important for a business.
A proven product, established management systems, and customer goodwill are three advantages of _____.
A business’ success depends on four key factors: financing, location, management, and _____.
An existing business can be for sale because _____.
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