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Rutiri-Entrep. Chap8
Selecting Your Business "What's Your Competitve Advantage?"
Question | Answer |
---|---|
How many basic business types are there? | 4 |
What are the four basic business types? | Manufacturing, wholesale, retail, service |
What is something that exists in nature or is made by human beings. | Product |
What is work that provides time, skills, or expertise in exchange for money. | Service |
It is not a good idea to turn a hobby, skill, or interest in to a business? | False! |
For your business to be successful, you will need to do what? | have a competitive advantage |
What are the six factors of gaining a competitive advantage. | Quality, Price, Location, Selection, Service, Speed/Turnaround |
A youth business should be what? | SIMPLY and SAFE! Don't start a business with a product or service that could hurt anyone. |
What is a rule for choosing right from wrong. | Ethic |
Design flyers and posters is an example of what area of business? | Advertising/Publicity |
What is a business that helps businesses and entertainers market themselves to young people. | Image consultant |
What is this job that could earn great extra money which includes taking 3 to 4 dogs at a time out for a walk. | Dog walker |
This could earn you some great extra money in this line of work with the wedding industry in Charleston. | Calligraphy - addressing wedding invitations to guest. |
Raising popular breeds, such as parakeets and finches, are difficult to raise is an examples of what business? | Raising Birds |
Who said this famous quote, "I don't make movies to make money; I make money to make movies." | Walt Disney |
There is a long, proud connection in the US between entrepreneurship and what? | Philanthropy |
Philanthropists often give their money through what? | foundations |
Entrepreneur starting out should keep it simple. | True |
Pick a name that reflects good ____________ sense. | business |