Business Unit 1

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  • Created by: Laura
  • Created on: 26-03-14 21:17
Characteristics
Personality traits in an entrepreneur
1 of 9
Name 3 charactersistics
Risk taker, motivation, resilience, confidence, commitment, modest, creative
2 of 9
Motives
Reasons for doing something
3 of 9
Name 3 motives
capital, freedom, good market opportunity, knowledge of industry, dissatisfied with job
4 of 9
Oppurtunity Cost
The benefit from the next best alternative that you have given up
5 of 9
Trade off
Choosing between two alternatives
6 of 9
Give 3 concerns for an entrepreneur
Competition, financial management, work load, time, legislation
7 of 9
Autocratic leadership
Leader makes all decisions without input
8 of 9
Paternalistic leadership
Leader has overall decision but considers employees welfare
9 of 9

Other cards in this set

Card 2

Front

Risk taker, motivation, resilience, confidence, commitment, modest, creative

Back

Name 3 charactersistics

Card 3

Front

Reasons for doing something

Back

Preview of the back of card 3

Card 4

Front

capital, freedom, good market opportunity, knowledge of industry, dissatisfied with job

Back

Preview of the back of card 4

Card 5

Front

The benefit from the next best alternative that you have given up

Back

Preview of the back of card 5
View more cards

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