Ch1 Intro To Entrepreneurship

The capacity and motivation to deploy a business venture that involves risk in order to make a profit.

The art of taking financial risks in order to make a profit.

An individual who founds and runs a business assuming all of the risks and rewards of the venture.

A state of mind in which one conducts him/her self to entrepreneurial activities.

Entrepreneurs abandon steady paychecks. This is known as a _____________ that they accept.

Independence and enjoyment are potential _______________ from entrepreneurship.

The greater the risk the greater the reward and vice-versa is known as______________.

An organization that operates to aid in some social effort, they do not retain any profits from commerce.

Goods are _____________ products that have monetary value.

One can analyze an opportunity by all of the following except: