Intermediate · 4-7 · Career Education

Understanding Entrepreneurship

40 practice questions available.

What do we call a person who starts and runs their own business?

An entrepreneur

What is a business idea?

A concept for a product or service that could be sold to solve a problem or meet a need

What do we call the money a business earns after paying all its costs?

Profit

What is a customer?

A person who buys a product or service from a business

Name one skill that might help someone become a successful entrepreneur.

Creativity, problem-solving, communication, or persistence (any reasonable answer)

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