Management Chapter 6 4 Entrepreneurship Is Managing Businesses For Others

subject Type Homework Help
subject Pages 14
subject Words 2141
subject Authors James McHugh, Susan McHugh, William Nickels

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167. Small businesses can provide more personalized service than a large corporation to
overseas customers.
168. The Internet has slowed small businesses participation in international markets.
169. As the owner of a small manufacturing business, Myles has an interest in exporting.
However, he doesn't know how to get started. Fortunately, the government provides an
abundance of information to encourage entrepreneurs like Myles.
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170. From a competitive standpoint, small businesses cannot expect to successfully compete
with large corporations in international markets.
171. The only real barrier preventing small businesses from exporting is insufficient knowledge
of the opportunities available.
172. Marcos is a recent college graduate. He learned in his business courses that as a
potential small business owner, he should focus his sights on domestic business only.
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173. Entrepreneurship is:
174. Which of the following U.S. issues does entrepreneurship most directly affect?
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175. Which of the following explains why individuals accept the risks of business ownership?
176. Which of the following is a characteristic of successful entrepreneurs?
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177. Which of the following best describes entrepreneurial personality traits?
178. A(n) ________________ is a group of experienced professionals from different areas of
business who join together to develop, make, and market a new product.
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179. An entrepreneurial team consists of:
180. Business owners who prefer to maintain their businesses at a manageable size are
called:
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181. One of the challenges of running a home-based business is:
182. A successful web-based strategy that helps a business spread the word about its website
and products is called ____________.
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183. A creative person working within a corporation to launch new products and generate new
profits is known as a(n):
184. The goal of an
intrapreneur
is:
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185. The U.S. government's Immigration Act of 1990:
186. Enterprise zones are specific geographic areas that:
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187. Business incubators are usually government-funded facilities intended to:
188. Historically entrepreneurs in the U.S.
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189. Which of the following statements explains one of the reasons that people in the U.S.
take the entrepreneurial challenge?
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190. Successful entrepreneurs are
self-nurturing
. This means they:
191. Which of the following statements is characteristic of entrepreneurs?
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192. Although successful entrepreneurs are more tolerant of uncertainty,
193. Effective entrepreneurial teams combine:
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194. Successful entrepreneurial teams:
195. One reason we have seen continued growth in home-based businesses is:
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196. Which of the following statements is
not
a challenge for home-based businesses?
197. Affiliate marketing is a web-based business strategy that:
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198. Which of the following best describes the difference between an intrapreneur and an
entrepreneur?
199. Intrapreneurs make use of __________ to develop and launch new products and generate
new profits.
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200. Enterprise zones are:
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201. Enterprise zones and investor visas are examples of:
202. State and city governments have promoted facilities where new businesses can open up
shop and share common services such as secretarial, accounting, and legal services. Due to their
remarkable success rate, _______________ continue to grow in popularity.
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203. The Spotlight on Small Business box "Earning While Learning" features students who
204. Kyra recently quit a job with a large corporation to start her own business. While she
realizes that her decision comes with risk, she is excited at the chance to be independent and by
the challenges of running her own firm. Kyra is an example of a(n):
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205. Erin developed a new type of exercise equipment she calls the Tush N' Tone. After
unsuccessfully searching for potential investors, she arranged a personal loan and borrowed
additional money from her parents. Her willingness to continue believing in her idea and to
remain enthusiastic shows that Erin is:

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