Topic 1 & 2 Terminology

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Across
  1. 3. The ability to fashion a solid idea into a viable business is a key characteristic of successful entrepreneurs, is called _____________ intelligence .
  2. 4. ___________is defined as the process by which individuals pursue opportunities without regard to resources they currently control for the purpose of exploiting future goods and services.
  3. 6. ______________ is the process of creating something new, which is central to the entrepreneurial process.
  4. 7. _____________ firms bring new products and services to market.
  5. 8. made a distinction between internal and external economies of scale
  6. 10. Are where incumbents typically try to provide their most profitable and demanding customers with ever-improving products and services - ignore less-demanding customers
Down
  1. 1. established firms with an orientation toward acting entrepreneurially practice _____________ entrepreneurship.
  2. 2. The ______ is a framework for thinking about and planning the many paths your startup may take
  3. 5. Entrepreneurs are usually ________ risk takers.
  4. 9. identified the division of labor and specialization as the two key means to achieving a larger return on production