Difference between employee and entrepreneur

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Reference no: EM132078652

Instructions: Read carefully and answer all questions on a separate piece of paper. If you have access to a computer and a word processor such as (Word), please give it in print. If you do not have a computer and you must do it by hand, write with a readable letter and with enough space to understand it. You must mention and explain each of the elements that are considered in the question. You should not leave any question blank.

1. What is an entrepreneur?

2. What is the difference between an employee and an entrepreneur?

3. What are the advantages of being an entrepreneur?

4. You have to make an analysis of costs and benefits in psychological terms. (Explain)

5. Is capitalism good or bad? Argue on the subject.

6. Explain what we mean when we say that "everyone lives to sell something" An entrepreneur adds value to limited resources

7. What does this statement refer to? Provide an example

8. What is the opportunity cost?

9. What are the three parts of the social innovation process?

10. Explain the different business models (traditional, social & green) and how they differ.

11. According to the Australian economist Joseph Shumpenter there are five (5) sources of opportunity. Which are?

All ideas are opportunities.

12. Is this true or false? and because?

13. The root of an opportunity can arise from (Five possible opportunities). What are they and how do you interpret them?

14. What is the SWOT analysis (SWOT) and what is it used for?

15. What is a business plan and why is it important?

16. According to the SBA organization (Small Business Administration), what are the personal characteristics that you should evaluate?

17. What is a mission and a vision? Provide an example of a mission of a company that you know.

18. What presents the strategic management model?

19. What do you mean by:Offer, Target market and Production and delivery

20. What are the factors that affect the competitive advantage?

Reference no: EM132078652

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