Term
| Banking is prohibited in Wisconsin for 9 years during this decade. |
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Definition
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Term
| Every railroad in Wisconsin went bankrupt. |
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Term
| Wisconsin wheat production reaches its height at the end of this decade. |
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Definition
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Term
| Wisconsin becomes a territory. |
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Definition
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Term
| The Wisconsin fur trade was in decline. |
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Definition
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Term
| Not a single canal or railroad had been built in Wisconsin during this decade. |
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Term
| The peak year for the Wisconsin lumber harvest was in this decade. |
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Definition
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Term
| 75% of business owners left Wisconsin during this decade. |
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Definition
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Term
| Lead mining in Wisconsin had waned. |
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Definition
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Term
| Cheese production was well established by the end of this decade. |
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Definition
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Term
| The Edsel was sold through a separate division, with its own dealers and headquarters. (Four P's) |
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Definition
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Term
| An Edsel advertisement in Life magazine showed the Edsel as a blur, whizzing down the highway. (Four P's) |
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Definition
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Term
| The Edsel had a unique vertical front grille in a horse-collar shape. |
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Definition
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Term
| The Edsel was competitive with other cars in the medium-price class. |
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Definition
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Term
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Definition
Product Price
Promotion Place |
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Term
| Dealers purchased franchises in order to sell the Edsel. (Marketing Environment) |
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Definition
| Political/Legal Environment |
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Term
| In the medium-priced class, GM had three makes of car, Chrysler had two, and Ford had only one, the Mercury. (Marketing Environment) |
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Definition
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Term
| Disposable personal income had increased from about $138 billion in 1939 to $287 billion in 1956, with forecasts of $400 billion by 1965. (Marketing Environment) |
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Definition
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Term
| The Edsel had push buttons for the hood and trunk lid, the parking brake lever, and the transmission. (Marketing Environment) |
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Definition
| Technological Environment |
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Term
| The Edsel's 345-horsepower engine was thought to be a key element in projecting a sporty, youthful image that would appeal to young executives. (Marketing Environment) |
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Definition
| Social/Cultural Environment |
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Term
| Ford spent approximately how much money on advertising and promotion of the Edsel? |
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Definition
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Term
| Market research indicated customers liked or disliked the name Edsel? |
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Definition
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Term
| The Edesl was introduced in what month? and was this before or after other models? |
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Definition
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Term
| Ford wanted to avoid describing the Edsel as what? |
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Definition
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Term
| What is the primary reason why many people become entrepreneurs? |
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Definition
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Term
| Entrepreneurs deliver on the promise of their best ideas having little impact on the economic and social landscape worldwide. |
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Definition
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Term
| Self-reliance seems to come with a(n) ________, which is a deep-seated sense that the individual is personally responsible for what happens in her or his life. |
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Definition
| Internal Locus of Control |
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Term
| According to the Small Business Administration, a small company is any independent firm that has fewer than 500 employees. |
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Definition
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Term
| Small businesses with less than 20 employees spend a larger amount money per employee in order to comply with federal government regulations than businesses with 500 or more employees. |
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Definition
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Term
| The Entrepreneurial Services Council is supported by the Small Business Administration and provides counseling for small businesses. |
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Definition
False, Small Business Development Centers (SBDCs) . SBDCs provide a range of free services for small businesses from developing your concept, to consulting on your business plan, to helping with your loan applications. And the SBA supports SCORE , the Service Corps of Retired Executives at www.score.org
. They provide free, comprehensive counseling for small businesses from qualified volunteers. |
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Term
| A(n) ________ provides financing to new companies in exchange for a share of ownership in those companies. |
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Definition
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Term
| In a business plan, a commercial lender would expect to find: a description of the business, competitive analysis, operating procedures, and financial data. |
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Definition
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Term
| A recent Small Business Administration study found that small firms created ________ of the net new jobs in the economy, while large firms created ________. |
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Definition
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Term
| Which of the following is a characteristic many entrepreneurs share? |
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Definition
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Term
| Which of the following is an advantage small businesses enjoy as they compete for customers? |
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Definition
| Small businesses have lower overhead costs. |
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Term
| The United States has the highest annual rate of new business start-ups in the world. |
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Definition
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Term
| Over the last decade, small businesses created 60 to 80% of the new jobs in the United States. |
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Definition
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Term
| Vic Hugo recently lost his job at a large company. After a few months of soul searching, he decided to follow his dream and start a new business. Vic is an example of a(n): |
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Definition
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Term
| Small Business Development Centers help small businesses develop their business plan and apply for loans. |
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Definition
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Term
| When developing a business plan, ________ would be most likely to help an entrepreneur develop their business plan. |
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Definition
| The Small Business Administration |
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Term
| One reason many small businesses fail is the founder's inability to manage money wisely |
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Definition
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Term
| A(n) ________ provides an invaluable way to keep entrepreneurs and their teams focused on success. |
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Definition
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Term
| Dr. Dee is a wealthy individual who often invests in small companies with the potential for high growth. Based on this information Dr. Dee can best be described as a(n) ________. |
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Definition
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Term
| Economic survival can motivate individuals to become entrepreneurs. |
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Definition
True
But some are seeking survival and simply have no other options. |
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