Lesson 1 Flashcards

(13 cards)

1
Q

The act of creating a business or businesses while building and
scaling it to generate a profit

A

Entrepreneurship

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2
Q

About building a life on your own terms. No bosses. No restricting schedules. And no one holds you back.

A

Entrepreneurship

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3
Q

An important driver of economic growth and innovation.

A

Entrepreneurship

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4
Q

It came from the French words entre and prendre

A

Entrepreneur

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5
Q

French word means between

A

Entre

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6
Q

French word means to take

A

Prendre

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7
Q

people who own, operate
and take risk of a business venture.

A

Entrepreneurs

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8
Q

They provide a service or product
to meet those needs.

A

Entrepreneurs

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9
Q

Why Become an Entrepreneur?

A

Pursue their own ideas
Pursue financial rewards
Be their own boss

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10
Q

Characteristics of Successful
Entrepreneurs:

A

Passion for the business
Product/Customer focus
Tenacity despite failure
Execution Intelligence

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11
Q

Societal and economic benefits of Entrepreneurship:

A

produces more jobs
amplifies economic activities
improves people’s living standards
introduces new and innovative products and services
disperses the economic power and creates equality

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12
Q

Relevance of Entrepreneurship to
SHS Students

A

It prepares students for an uncertain future.
It will give you a room for creativity and collaboration.
It teaches you on how to solve a problem and it helps you to assess and uncover your skills.

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13
Q

An individual who creates a new business, bearing most of the risks and enjoying most of the rewards.

A

Entrepreneur

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