Entrepreneurship

3. business percentage of the total sales generated by all companies in the same market
6. people who own, operate, and take the risk of a business venture
7. establishing informal ties with people who can help your business grow
10. exists when there is only one provider of a product or service
11. business function concerned with determining the amount of capital needed for the business and how the capital will be obtained
12. business owned exclusively by one person
15. customers know exactly what they want and the fulfillment of their needs
17. professionals would most likely be the target market for a coffee shop that is located downtown
19. private ownership of resources by individuals rather than the government
20. concepts that come from creative thinking
22. best method to use to reach a lot of people quickly
23. component of the marketing mix that involves the locations and methods used to make products available to customers

1. individuals and businesses decide what, how,and for whom goods and services are produced in
2. offered to buyers when a product has been purchased in greater numbers
4. product characteristics that will satisfy consumer needs
5. description of the characteristics of the person or company that is likely to purchase a product or service
7. useful once your business is operational but is not much help during the startup phase
8. act of establishing a favorable relationship with customers and the general public
9. earning a college degree would belong in this stage of Maslows hierarchy of needs
13. first step of primary market research
14. local governments control the types of buildings that can be built in different areas through the use of
15. type of online ad that changes the background of the page being viewed
16. most common type of primary market research
18. creating an image for a product in the customers mind
21. unit of ownership in a corporation