entrepreneurship n.
Download
Skip this Video
Loading SlideShow in 5 Seconds..
Entrepreneurship PowerPoint Presentation
Download Presentation
Entrepreneurship

Loading in 2 Seconds...

play fullscreen
1 / 7

Entrepreneurship - PowerPoint PPT Presentation


  • 168 Views
  • Uploaded on

Entrepreneurship. Mr. Bernstein Entrepreneurship and the Economy pp 6-9 February 18, 2014. Entrepreneurship Mr. Bernstein. What is an Entrepreneur? An individual who undertakes the creation, organization, and ownership of a business Examples? What is a venture?

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

Entrepreneurship


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
entrepreneurship

Entrepreneurship

Mr. Bernstein

Entrepreneurship and the Economy

pp 6-9

February 18, 2014

entrepreneurship mr bernstein
EntrepreneurshipMr. Bernstein

What is an Entrepreneur?

  • An individual who undertakes the creation, organization, and ownership of a business
  • Examples?

What is a venture?

  • A new business undertaking that involves risk
  • Examples?
entrepreneurship mr bernstein1
EntrepreneurshipMr. Bernstein

What is Entrepreneurship?

  • The process of recognizing an opportunity, testing it in the market, and gathering resources necessary to go into business

What is Intrapreneurship?

  • The application of entrepreneurship within a large organization
entrepreneurship mr bernstein2
EntrepreneurshipMr. Bernstein

What is Economics?

  • The study of how people choose to allocate scarce resources to fulfill their unlimited wants

What is an Economic System?

  • A set of laws, institutions and activities that guide economic decision making
entrepreneurship mr bernstein3
EntrepreneurshipMr. Bernstein

The Free Enterprise System: Capitalism

  • Individual Economic Freedom
    • Individuals can choose what they wish to buy
    • Individuals can choose to own private property
    • Individuals can start business ventures and compete with other businesses
  • Role of Competition
    • Provides consumers choices
    • Forces businesses to improve quality and become more efficient
    • Reduces prices
  • Also known as a Market Economy
entrepreneurship mr bernstein4
EntrepreneurshipMr. Bernstein

Market Structure: The Nature and Degree of Competition

  • Monopoly
  • Oligopoly
  • Perfect Competition
  • Monopolisitic Competition
entrepreneurship mr bernstein5
EntrepreneurshipMr. Bernstein

Market Structure: The Nature and Degree of Competition

  • List three companies that are in direct competition with each other.
  • What are the products they use to compete?
  • What are the relative prices of the products?
  • In addition to product quality and price, in what other dimension do the businesses compete?
  • Which product would you choose and why?