2. Part 1 7 Habits of Highly Effective Teens

3. What is Habit #1? Be Proactive

4. The Circle of Control shows a person the difference between their… Attitudes, choices, responses….and….things that they cannot do anything about.

5. Reactive people make choices based on … Impulses

6. What is Habit #2? Begin with the End in Mind

7. A personal motto that states what your life is about. Personal Mission Statement

8. What is Habit #3? “Put First Things First”

9. Doing a project at the last minute is a characteristic of what type of person from Habit 3? The Procrastinator

10. Submitting to peer pressure is a characteristic of what type of person from Habit 3? The Yes-Man

11. Constantly wasting time on stupid things is a characteristic of what type of person from Habit 3? The Slacker

12. Planning and goal setting is a characteristic of what type of person from Habit 3? The Prioritizer

13. What habit says “you are the driver, not the passenger”? Habit #1 “Be Proactive”

14. Putting tasks into priorities in a central theme to which habit? Habit #3 “Put First Things First”

15. Which habit says, “decide where you want to go and draw up a map to get you there.” Habit #2 “Begin with the End in Mind”

16. Part 2 Chapter 1 What is Entrepreneurship?

17. The study of how people allocate scarce resources to fulfill unlimited wants.

18. A new business undertaking that involves risk.

19. An individual who undertakes the creation, organization, and ownership of a new innovative business.

20. Money that is left over after a business has paid all of its expenses.

21. Economic system in which individual people have rights and freedoms.

22. Intangible items that have value and satisfy needs and wants of customers.

23. Tangible items that have value.

24. Limited resources; the difference between demand and supply.

25. The amount of goods or services that producers are willing to provide.

26. The amount of goods or services that people are willing and able to buy.

27. A basic requirement for survival.

28. Something that is not needed for survival but it desired.

29. The resources businesses use to produce the goods and services that people want.

30. All the money, buildings, equipment, tools, and other goods needed to start a business. The net worth of a business.

31. The amount of money a person puts into his or her business as capital.

32. A partnership formed among two or more companies.

33. The rivalry among businesses for consumer dollars.

34. The ability to make a profit without hurting the environment or future generations.

35. A business that is in the same name as a recognized company.

36. A new way of doing things. A new idea, method, or device.

37. A small, specialized segment of the market.

38. Hiring people and other companies to handle tasks a business chooses not to do for itself.

39. A clear and concise description of a business opportunity including the product, the customer, the benefit, and the distribution.

40. The process that tests the business concept to see if it has potential or not.

41. A collection of businesses with a common line of products or services.

42. The people who are most likely to buy a business’s products or services.

43. A description of how a business plans to make money within the business concept.

44. The description of a new business and strategy to launch the business.

45. A statement of the purpose of the company; the vision for where the company wants to go in the future.

46. A statement of the aspirations or goals of the company that its strives for daily.

47. A particular group of customers that a business seeks to attract.

48. Segmentation based on purchasing behaviors.

49. Segmentation of the market based on where people live.

50. Describing a population by age, gender, income, marital status, and ethnicity.

51. Grouping people with similar attitudes, interests, or opinions.

52. The collection and analysis of information aimed at understanding the consumers in a market.

53. A group of people whose opinions are studied to help a business improve.

54. The tendency to buy a particular brand or product.

55. A feature that makes a product more desirable than its competitors.

56. A business that is owned and operated by one person.

57. A business with two or more owners who share the decisions, assets, liabilities, and profits.

58. A business that is owned by shareholders who have purchased stock but is operated apart from the owners.

59. The state of being legally responsible for something. Debts a business has undertaken.

60. The people who own shares of stock in a corporation.

61. Vocabulary: Compare & Contrast Which one protects authors from people copying their work???? ??? Patent/Trademark/Copyright Copyright

62. Vocabulary: Compare & Contrast Which one protects inventors from people copying their invention or their ideas? ??? Patent/Trademark/Copyright Patent

63. Vocabulary: Compare & Contrast Which one protects companies from people copying their logos and slogans? ??? Patent/Trademark/Copyright Trademark

64. An invention or innovation that is not patented but kept secret from competitors.