Entrepreneurship II

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Across
  1. 5. is an organization or enterprising entity engaged in commercial, industrial, or professional activities. Businesses can be for-profit or non-profit and exist to provide goods or services.
  2. 7. is the arena in which buyers and sellers interact to exchange goods and services. Understanding market dynamics is critical for entrepreneurs to identify opportunities and compete effectively.
  3. 8. refers to the process of introducing new ideas, products, or methods. It is a key driver of growth and progress in business, allowing companies to stay competitive by meeting changing market demands.
  4. 10. is the potential for loss or failure in business operations. Entrepreneurs often take calculated risks to achieve higher returns, despite the uncertainty involved.
  5. 12. is a favorable set of circumstances that allows a business to achieve its objectives. Entrepreneurs actively seek opportunities that align with their skills and market needs.
  6. 13. is an intangible offering provided to customers, often involving a distinct form of labor or expertise. Services can complement products or stand alone as the main offering of a business.
  7. 17. a presentation where an entrepreneur communicates the value proposition of their business or idea to potential investors, partners, or customers.
  8. 19. the ability to guide, inspire, and influence others toward achieving a common goal. Effective leadership is crucial for the success and growth of any business.
  9. 20. is the act of providing financial resources to support a business or project. This can come from various sources, including investors, loans, grants, or personal savings.
Down
  1. 1. involves allocating resources, usually money, into a business or project with the expectation of generating profit or achieving growth in the future.
  2. 2. occurs when a business's expenses surpass its revenues, leading to a negative financial outcome. Managing and minimizing losses is vital for business sustainability.
  3. 3. in a business context refers to the increase in size, revenue, market share, or value of a company. It is a primary goal for most entrepreneurs and can be achieved through various means such as expansion, innovation, or increased sales.
  4. 4. is a business enterprise or project that involves some degree of risk. It commonly refers to startups or new business initiatives that have the potential for substantial growth.
  5. 6. in entrepreneurship refers to a group of interconnected individuals or organizations that share information, resources, and support. Building a strong network is vital for business development and opportunities.
  6. 9. is an item or service created to satisfy the needs or wants of consumers. In business, developing a compelling product is crucial for attracting customers and generating sales.
  7. 11. is a newly established business, often characterized by its focus on innovation and scalability. Startups aim to develop a unique product or service and frequently operate with limited resources.
  8. 14. involves the ability to generate new and original ideas, solutions, or products. It is essential for problem-solving and innovation in business.
  9. 15. refers to a plan of action designed to achieve long-term or overall objectives. In business, it involves setting goals, determining actions to achieve the goals, and mobilizing resources to execute the actions.
  10. 16. a forward-looking statement that defines what a business aims to achieve in the future. It provides direction and inspiration for the company’s strategic planning and decision-making.
  11. 18. the financial gain achieved when the revenue from business activities exceeds the expenses, costs, and taxes. It is a key indicator of a company's financial health and success.